The amount of money end-users across the globe spend on public cloud services is expected to continue to soar on a year-by-year basis, according to Gartner’s latest forecast data.
The IT analyst house predicts that spending on public cloud services will hit $494.7bn in 2022, which represents a 20.4% year-on-year (YoY) increase, when spending in this area hit $410.9bn during 2021.
Based on current spending trends, Gartner said the amount of money end-users invest in public cloud services is expected to hit close to $600bn during 2023.
