Gartner Forecasts Worldwide Public Cloud End-User Spending To Reach $679 Billion In 2024
Gartner, Monday, November 13,2023
Business Needs and Emerging Technologies Including GenAI Drive Cloud Model Innovation
Worldwide end-user spending on public cloud services is forecast to grow 20.4% to total $678.8 billion in 2024, up from $563.6 billion in 2023, according to the latest forecast from Gartner, Inc.
'Cloud has become essentially indispensable,' said Sid Nag, Vice President Analyst at Gartner. 'However, that doesn't mean cloud innovation can stop or even slow. The tables are turning for cloud providers as cloud models no longer drive business outcomes, but rather, business outcomes shape cloud models.'