More than half of all global enterprises will rely by next year on at least one public cloud platform to drive digital transformation, according to research firm Forrester, helping fuel cloud growth rates of more than 20 percent annually for the immediate future.
The forecast is part of Forrester’s 10 Cloud Computing Predictions for 2018, in which the research firm anticipates the public cloud industry will be worth $178 billion next year. That’s an uptick of roughly 22 percent year over year, and Forrester projects the public cloud market will continue growing in that range annually.
But one of the most significant projections in the report has to do with the pace at which large enterprises are set to adopt cloud computing technologies. The report indicates that for the first time more than 50 percent of global enterprises will be turning to the cloud by 2018.
“Cloud now permeates all company sizes, industries, and geographies,” David Bartoletti, principal analyst at Forrester, wrote in a blog post accompanying the release of 10 cloud predictions. “In 2018, cloud computing will accelerate enterprise transformation everywhere as it becomes a must-have business technology.”
Forrester is also predicting that the three U.S. cloud computing titans will continue to dominate the industry. Amazon, Microsoft and Google, according to the report, will account for 76 percent of total cloud revenue next year and will grow that number to 80 percent by 2020.