Cloud remains the dominant force in enterprise modernization, as companies seek to leverage big data, reduce technical debt and deploy best-in-class software solutions across business functions.
With digital transformation on most enterprise agendas, cloud markets followed historic trends and outperformed broader economic indices over the last year, growing at more than twice the rate of the average S&P 500 company, the report said.
Advances in large language model-based AI have primed enterprise interest in the technology.
