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 2022. Infrastructure-as-a-service (IaaS) is forecast to experience the highest enduser spending growth in 2023 at 29.8 per cent.
"Current inflationary pressures and macroeconomic conditions are having a push and pull effect on cloud spending. Cloud computing will continue to be a bastion of safety and innovation, supporting growth during uncertain times due to its agile, elastic and scalable nature," said Sid Nag, Vice President Analyst at Gartner.
This story is from the November 01, 2022 edition of The Business Guardian.
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This story is from the November 01, 2022 edition of The Business Guardian.
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