Public cloud investment surged nearly 20% in 2023 - and analysts predict global spending will reach $1.6 trillion by 2028
Briefly

from Cloud Pro8 months ago
Figures from IDC's Worldwide Semiannual Public Cloud Services Tracker show global revenue in the public cloud market reaching $669.2 billion in 2023, a 19.9% increase from the previous year, with Software as a Service (SaaS) being the largest contributor at nearly 45%.
Cloud Prohttps://www.itpro.com/cloud/public-cloud/public-cloud-investment-surged-nearly-20-in-2023-and-analysts-predict-global-spending-will-reach-dollar16-trillion-by-2028
PaaS revenue growth is outpacing the overall cloud market due to increased investment in AI, with vendors focusing on delivering developer-friendly and secure AI offerings to meet customer demands.
Cloud Prohttps://www.itpro.com/cloud/public-cloud/public-cloud-investment-surged-nearly-20-in-2023-and-analysts-predict-global-spending-will-reach-dollar16-trillion-by-2028
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