Inflation will help push cloud spend upward in 2023, according to a Gartner report released on Monday.
Spending on public cloud is expected to hit $591 billion next year, up 20.7% from this year’s $490 billion, Gartner forecasted.
The drive to save through cloud efficiency is running up against the drag of rising costs, creating a push-and-pull dynamic. “Organizations want the benefit of cloud, but they can only spend what they have,” said Sid Nag, VP analyst at Gartner.
