Global Cloud Market to Reach $474 Billion in 2022: Gartner

The global cloud revenue is forecast to reach $474 billion in 2022, up from $408 billion in 2021, as the ongoing pandemic and the surge in digital services are making cloud the centerpiece of new digital experiences.

Over the next few years, market research firm Gartner estimated that cloud revenue will surpass non-cloud revenue for relevant enterprise IT markets.

“There is no business strategy without a cloud strategy. The adoption and interest in public cloud continues unabated as organizations pursue a “cloud first” policy for on-boarding new workloads,” said Milind Govekar, distinguished vice president, Gartner.

Cloud has enabled new digital experiences such as mobile payment systems where banks have invested in startups, energy companies using cloud to improve their customers’ retail experiences or car companies launching new personalization services for customer’s safety and infotainment, he added.

Gartner said that more than 85 percent of organizations will embrace a cloud-first principle by 2025 and will not be able to fully execute on their digital strategies without the use of cloud-native architectures and technologies.

“Adopting cloud-native platforms means that digital or product teams will use architectural principles and capabilities to take advantage of the inherent capabilities within the cloud environment,” said Govekar.

“New workloads deployed in a cloud-native environment will be pervasive, not just popular and anything non-cloud will be considered legacy.”

By 2025, Gartner estimates that over 95 percent of new digital workloads will be deployed on cloud-native platforms, up from 30 percent in 2021.

By the same time period, 70 percent of new applications developed by organizations will use low-code or no-code technologies, up from less than 25 percent in 2020.