Gartner projects that global spending on public cloud services will come in at $494.6 billion this year due to both growth in cloud-native infrastructure services and the trend towards hybrid work scenarios driven by the pandemic as well.
That’s a 20.4% increase over the $410.9 billion in sales in 2021, just shy of the 21.2% growth to $599.8 billion that Gartner projects for 2023.
Because of the maturation of core cloud services, companies are past the tire-kicking stage and shifting their focus to capabilities that can affect digital business and enterprise operations.
Thanks to Andy Patrizio (see source)
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