Public Cloud Spending Projected at Nearly $600 Billion in 2023
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.
Source: webpronews.com
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Public cloud end-user spend to reach about $600bn 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.
Source: tradearabia.com
Gartner predicts worldwide public cloud end-user spending to reach almost $600 Billion in 2023
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
Source: itbusiness.ca
Cloud spending to grow despite faltering economy
Enterprise investment on IaaS is expected to grow the most in the cloud market, with PaaS and SaaS showing signs of slowdown, Gartner reports.
Source: arnnet.com.au
Gartner: Public cloud spending to reach nearly $600 billion by 2023
However, it could decrease if overall IT budgets shrink due to inflationary pressures
Source: itpro.co.uk