Worldwide end-user spending on public cloud services will grow 20.4% to $494.7 billion, up from $410.9 billion in 2021, according to the latest numbers from Gartner research. Gartner expects end-user spending to approach $600 billion in 2023. The report highlighted the growth of the Infrastructure as a Service (IaaS) market and identified hyperscale edge computing and Secure Access Service Edge (SASE) as disruptive market factors.
The global drive towards digital transformation continues to fuel growth of core public cloud infrastructure services, the IaaS segment identified by Gartner. Businesses, municipalities, and organizations across the globe continue to move away from on-premise data centers, the demand for cloud infrastructure expands. IaaS annual public spend growth is projected to reach 30.6%, said Gartner.
