Public Cloud Spending Set To Double In The Next 4 Years
siliconAngle, July 4th, 2019
July 4, 2019,
Volume 256, Issue 1

Global spending on public cloud infrastructure and services will almost double from $229 billion this year to around $500 billion by 2023, according to analyst firm International Data Corp.'s latest report

"IDC, in its Worldwide Semiannual Public Cloud Services Spending Guide published this week, said the main force driving this growth would be continued adoption of services by enterprises in the professional services, telecommunications and retail industries. Those sectors are increasingly ditching traditional application software in favor of the 'software-as-a-service' model, in which the cloud provider hosts applications and makes them available to customers over the internet..."

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