The world-wide public cloud services market is forecast to grow 6.3% in 2020 to a total of $257.9 billion, up from $242.7 billion in 2019. Nasdaq’s coming migration of its markets to the cloud follows the trend of other major cloud shifts among enterprises, said Sid Nag, vice president and cloud analyst at Gartner. Nasdaq has been using cloud services to host some of its applications for about a decade. All of Nasdaq’s markets are expected to be hosted in the cloud within the next decade, Mr. Peterson added. Nasdaq’s 28 markets include six equity markets in North America such as the Nasdaq Stock Market, as well as six equity derivative markets, the Nasdaq Baltic and Nasdaq Nordic markets, as well as fixed income and commodity markets.

Source: Wall Street Journal September 15, 2020 21:45 UTC