The quest for scalable, enterprise-grade generative AI is just one force driving growth in cloud spending. Demand for Web3 and immersive capabilities are also on the enterprise agenda, according to Nag.
“Providers are facing demands to redesign SaaS offerings for increased productivity, leveraging cloud-native capabilities, embedded AI and composability,” Nag said.
But emerging technologies are only a small piece of the broader SaaS segment, which in total accounts for roughly one-third of all cloud spending.
