Slideshow 4 Key IT Sectors To See Major ‘Cloud Shift’

More than $111 billion in IT spending has shifted to the cloud and that amount will increase to $216 billion in four years, according to just-released report from Gartner. The research house looked at four key tech sector – business process outsourcing, application software, applications infrastructure software and systems infrastructure – to gauge the pace of cloud migration between now and 2020. What follows is Gartner’s projections for each segment.

Total Market Size in 2016: $119 billionCloud Segment: Business Process as a Service (BPaaS)Total Cloud Shift: $42 billionCloud Shift Rate Through 2020: 43%Source: Gartner

Total Market Size in 2016: $144 billionCloud Segment: Software as a Service (SaaS)Total Cloud Shift: $36 billionCloud Shift Rate Through 2020: 37%Source: Gartner

Total Market Size in 2016: $177 billionCloud Segment: Platform as a Service (PaaS)Total Cloud Shift: $11 billionCloud Shift Rate Through 2020: 10%Source: Gartner

Total Market Size in 2016: $294 billionCloud Segment: Infrastructure as a Service (IaaS)Total Cloud Shift: $22 billionCloud Shift Rate Through 2020: 17%Source: Gartner