It is estimated that the global cloud service expenditure will be close to US $600billion in 2023 From Gartner

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According to Gartner’s latest forecast, global end-users’ spending on public cloud services in 2022 is expected to increase by 20.4% over 2021 (US $410.9 billion), reaching US $494.7 billion. By 2023, user spending is expected to reach nearly $600billion.

Sid nag, vice president of research at Gartner, said: “the cloud is the driving force for the development of today’s digital enterprises. CIOs have gone beyond the irrational boom era of purchasing cloud services. They are considering carefully when choosing public cloud providers to promote specific business and technical achievements in the journey of digital transformation.”

Infrastructure as a service (IAAs) is expected to achieve the highest end-user expenditure growth (30.6%) in 2022; The second was desktop as a service (DAAS), with an increase of 26.6%; Platform as a service (PAAS) increased by 26.1%. The new reality of mixed work urges enterprises to switch to DAAS instead of traditional client computing solutions, which will drive the expenditure to reach $2.6 billion in 2022. The cloud native capabilities of end users increased PAAS spending to $109.6 billion.

Nag added: “cloud native functions such as containerization, database platform as a service (dbpaas) and artificial intelligence / machine learning have richer functions than commercial computing such as IAAs or network as a service. They are usually more expensive, thus driving spending growth.”

SaaS is still the largest public cloud service segment, and it is estimated that the end-user expenditure will reach $176.6 billion in 2022. Gartner predicts that enterprises will take multiple ways to enter the SaaS market and continue to transform larger application groups into composable parts to achieve more efficient Devops processes.

Emerging technologies in cloud computing, such as ultra large scale edge computing and secure access service edge (SASE), are disrupting adjacent markets and forming new product categories, creating additional revenue sources for public cloud providers. More reading: Gartner: it is estimated that India’s public cloud expenditure will reach $4.1 billion in 2021, with a year-on-year increase of 29% $billion IDC Japan: Japan’s public cloud service market will reach 637billion yen in 2020 Gartner: global IT expenditure will reach $3.9 trillion in 2020 Gartner: global public cloud end user expenditure will increase by 23% in 2021 Gartner: India’s cloud service expenditure is expected to reach $4.4 billion in 2021, with a year-on-year increase of 31.4% Gartner: Research on IAAs magic quadrant of cloud computing in 2015 Gartner: global IT expenditure will reach $4.5 trillion in 2022 AWS Technology Summit 2018 Shanghai It is expected that more than 50 technical forums and more than 6000 professionals will attend the station, making it the most in China at the AWS Technology Summit Gartner: India’s public cloud service revenue will increase by 37.5% in 2018 Gartner: the total value of global IAAs public cloud services will reach US $44.5 billion in 2019, a year-on-year increase of 37.3% Gartner: it is estimated that the global cloud service expenditure will reach US $180billion in 2015

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