Massive Growth In Cloud Spends
CXOtoday.com, Monday, April 24,2023
Gartner has predicted that the global spends on public cloud services would lead the growth in overall cloud spends across 2023
Increasing cloud spends and its impact on the overall growth of the industry has been spoken about at length in recent times. However, now Gartner thinks that spending on cloud services, more specifically public cloud, could grow by a massive 21.7% in 2022 with about $600 billion likely to be the number as against $491 billion last year.
The research company predicts this growth to come on the back of how cloud services were driving digital businesses around emerging technologies such as generative artificial intelligence, the Web3 and metaverse. Gartner predicts that such growth would continue in 2024 and possibly beyond as multi-cloud is also expected to drive spends on platforms.