Today, Bessemer Venture Partners’ (BVP) Byron Deeter released the “State of the Cloud” report, providing a deep dive into the sector. The report was presented at an exclusive CEO cloud conference co-hosted by Salesforce earlier this month, and is now available to the public.
The report draws on a mix of internal and external data sources and is informed by Bessemer’s 10 years of active investment in the space, resulting in the funding of 100 cloud-based companies and one of the strongest portfolios in the venture community.
Included in the report:
- Current cloud market cap is roughly $180 billion, with Byron predicting cloud market cap to cross $500 billion by 2020
- Cloud revenue growth is up 10 times in the last six years and is expected to double again in two years
- BVP’s key metrics for cloud startups to benchmark their trajectories
- Insight into this year’s biggest cloud IPOs (and those to come)
- Predictions on where the enterprise is headed and why (a dire warning to those who aren’t prioritizing mobile)
To view the report, visit www.bvp.com/cloud/cloudreport.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150618006452/en/
Contacts:
Dan Sorensen, 801-461-9756
