VentureBeat April 21, 2021
Worldwide spending on public cloud services is expected to reach $332.3 billion in 2021, an increase of 23.1% from 2020, according to the latest Gartner forecast. Public cloud spending in 2020 was $270 billion.
Cloud spending is getting a boost because emerging technologies such as containerization, virtualization, and edge computing are becoming more mainstream, Sid Nag, research vice president at Gartner, said in the forecast. Software-as-a-service (SaaS) remains the largest market segment and is forecast to reach $122.6 billion in 2021, spurred by the demand for composable applications.
“The events of last year allowed CIOs to overcome any reluctance of moving mission critical workloads from on-premises to the cloud,” Nag said. There was an expectation that some workloads had to...
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