VentureBeat April 20, 2022
Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from Gartner, Inc. In 2023, end-user spending is expected to reach nearly $600 billion.
As cloud drives modern, digital organizations, IT leaders are being more thoughtful in their choice of public cloud providers and going with those that can help them achieve their desired business and technology outcomes.
Software-as-a-service (SaaS) remains the largest public cloud services market segment and is expected to reach $176.6 billion in end-user spending in 2022.
Infrastructure-as-a-service (IaaS) is forecast to experience the highest end-user spending growth in 2022 at 30.6% as the foundational level...
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