SaaS Cloud Services Will Become the Largest Market Segment in 2020

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"In the current digital era, customers are more informed, connected and selective. Therefore, technology providers need to offer personalized and secure cloud services in order to remain competitive, "said Thomas Kurian, President, Oracle.

Cloud computing technology (cloud computing) is currently very much needed in the digital age. The many advantages this technology provides to its users make large companies such as Microsoft, Adobe, IBM and others participate in developing cloud-based solutions.

According to technology analyst "Gartner".
The public cloud service market worldwide is estimated to grow by 17 percent in 2020 with a value of US $ 266.4 billion or will increase from US $ 227.8 billion from 2019.
Vice President of Research Gartner, said, in the future the company's expenditure will be quite high related to the cloud services used.

There are three types of levels in cloud-based services, namely SaaS (Software as a Service), IaaS (Infrastructure as a Service), and PaaS (Platform as a Service).

According to Gartner, SaaS services will remain the largest market segment. SaaS is expected to grow by US $ 116 billion next year, up from US $ 99.5 billion in 2019.

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With this new Oracle Cloud service, Oracle enables businesses to utilize the most flexible, proven and secure cloud infrastructure.

Oracle Company wants to provide complete services for each company.
Oracle Cloud Applications provides the only complete modern cloud application integrated with social media, mobile and analytics.

Garner also added that the IaaS service will reach US $ 50 billion by 2020. IaaS is estimated to grow 24 percent year-on-year, the highest growth rate in all market segments, and according to Garter because of the data center strengthening factor.

"Moreover, many modern applications and workloads, including the cloud application itself, currently requires infrastructure on a scale that cannot be met by traditional data centers.
As organizations increase their dependence on cloud technology, the IT team will embrace applications built in the cloud and relocate existing digital assets.

However, when the use of cloud computing becomes the main thing, the landscape will become increasingly sophisticated and competitive in such a way that customers will need assistance in managing multiple suppliers and cloud applications.

In 2022, Gartner said, up to 60 percent of organizations will use service offerings managed by external cloud service providers, which are more than double the size of 2018.

Cloud computing is a digital data storage service on the server computer. This service, according to McAfee, is the most significant progress in the world of information technology since the internet was introduced to the public, so we will see the progress of Decentralization in every company.

REFERENCE
https://m.cyberthreat.id/read/3850/2020-Layanan-Cloud-SaaS-Bakal-Jadi-Segmen-Pasar-Terbesar

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