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Cloud migration is showing little sign of slowing, in spite of global economic issues

November 1, 2022

Via: Techradar

A challenging macroeconomic situation may not be deterring businesses from cloud migration, with new Gartner research claiming end-user spending on public cloud services is set to grow 20.7% to a total of $591.8 billion in 2023.

This represents a pretty sizeable jump from the $490.3 billion of cloud spending the analyst firm predicts for the whole of 2022, and is also higher than the 18.8% growth it forecast for 2022.

Though all cloud computing segments are expected to see some growth in 2023, Infrastructure-as-a-service (IaaS) is forecast to experience the highest end-user spending increase in 2023 of any sector looked at, set for a 29.8% increase.

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