Gartner Forecasts Robust Growth In Worldwide Public Cloud Spending
RTInsights, Friday, January 5th, 2024
Thanks to the ability to scale, organizations deploying GenAI services are expected to turn to the public cloud. This is at a time when emerging technologies are driving cloud services innovations.
Gartner's latest forecast (through the end of the third quarter of 2023) predicts a substantial surge in worldwide end-user spending on public cloud services, reaching $678.8 billion in 2024, up from $563.6 billion in 2023. The indispensable role of cloud services is clear, with business outcomes now shaping cloud models rather than the other way around. That's according to its 'Forecast: Public Cloud Services, Worldwide, 2021-2027, 3Q23 Update.'