Gartner Forecasts Worldwide Public Cloud End-User Spending To Reach Nearly $600 Billion In 2023
Gartner, April 19th, 2023
Cloud Drives Digital Business Transformation Through Emerging Technologies, Including Generative AI
Worldwide end-user spending on public cloud services is forecast to grow 21.7% to total $597.3 billion in 2023, up from $491 billion in 2022, according to the latest forecast from Gartner, Inc. Cloud computing is driving the next phase of digital business, as organizations pursue disruption through emerging technologies like generative artificial intelligence (AI), Web3 and the metaverse.
'Hyperscale cloud providers are driving the cloud agenda,' said Sid Nag, Vice President Analyst at Gartner. 'Organizations today view cloud as a highly strategic platform for digital transformation, which is requiring cloud providers to offer more sophisticated capabilities as the competition for digital services heats up.'