Cloud

The Cloud First Economy 2021 – Is this the “New Normal”?

Highlights of the report

Cloud Industry – About one year ago in early March 2020, we were days away from COVID-19 lockdown where our communities, companies, and healthcare system shifted into emergency response. We didn’t know it then, but this was the beginning of a fundamental and abrupt change to the way we live and work— powered by the cloud-first economy.

The Cloud First Economy 2021

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The solar industry had been undergoing a rapid transition in 2023 with many tie-ups between companies and individual technological advancements to sustain in the space. Going forward, we will be seeing much more technological advancements and new trends in this space. The industry is temporarily facing issues but is well positioned for long term.

Gartner forecasts end-user spending on public cloud services to reach $396bn in 2021 and grow 21.7% to reach $482bn in 2022. Additionally, by 2026, Gartner predicts public cloud spending will exceed 45% of all enterprise IT spending, up from less than 17% in 2021.

 We at CrispIdea expect the global cloud computing market size to grow from USD 371.4bn in 2020 to USD 832.1bn by 2025, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.

Executive Summary
• Software-Infrastructure
– VMware, Inc.
– Splunk, Inc
– Nutanix, Inc
– Dropbox, Inc.
– Akamai Technologies, Inc
– F5 Networks, Inc.
– Okta, Inc.
– Anaplan, Inc.
– Crowdstrike Holdings, Inc.
– Palantir Technologies, Inc.
– Vertione, Inc.
– UiPath, Inc.
– Cloudflare, Inc.
– VeriSign, Inc.
– Amdocs Ltd
– Microsoft Corporation
• Software-Application
– Tyler Technologies, Inc.
– Pegasystems Inc.
– ZoomInfo Technologies Inc.
– SS&C Technologies Holdings, Inc.
– Aspen Technology, Inc.
– HubSpot, Inc.
– Citrix Systems, Inc.
– Dassault Systèmes SE
– RingCentral, Inc.

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The Cloud First Economy 2021 – Is this the “New Normal”?

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