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Cloud spending predicted to grow to $600bn in 2023

Photo: Getty Images

Carmen Cracknell

1 min read
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Latest Gartner report foresees choppy waters, but remains positive on prospects.

Gartner’s latest market analysis forecasts strong growth for the cloud market worldwide, but warns of inflationary pressures. Nonetheless it predicts spending on public cloud could grow to $600bn, from the current figure of $490.3bn.

Breaking the market down into segments, Gartner reckons Cloud System Infrastructure Services (IaaS) will grow 29.8%

“Current 

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