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The cloud computing industry received good news with a new report projecting 20.7% growth in end-user spending, totaling nearly $600 billion, in 2023.

Worldwide end-user spending on public cloud services is forecast to grow 20.7% to total $591.8 billion in 2023, up from $490.3 billion in 2022, according to the latest forecast from Gartner.

Gartner’s latest forecast reveals that worldwide end-user spending on public cloud services is expected to grow 20.7 per cent to total US$591.8 billion in 2023, up from US$490.3 billion in 2022. This is higher than the 18.8 per cent growth forecast for 2022. “Current inflationary pressures and macroeconomic conditions are having a push and pull

Enterprise investment on IaaS is expected to grow the most in the cloud market, with PaaS and SaaS showing signs of slowdown, Gartner reports.

However, it could decrease if overall IT budgets shrink due to inflationary pressures

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Despite macroeconomic challenges across the board, Gartner predicts appetite for cloud spending will remain strong in almost every segment.

The global end-user spending on public cloud services is forecast to grow 20.7 per cent to total $591.8 billion in 2023, up from $490.3 billion in 2022, a Gartner report said on Monday.This is higher than the 18.8 per cent growth forecast for ...

Market watcher Gartner is predicting strong overall growth for the worldwide public cloud market but warns that any tightening of overall IT budgets could hit its forecast

The global end-user spending on public cloud services is forecast to grow 20.7 per cent to total $591.8 billion...