by Louis Columbus on May 10, 2021
- Global end-user spending on public cloud services is projected to grow 23.1% to a total of $ 332.3 billion in 2021, from $ 270 billion in 2020.
- Garter predicts that global end-user spending on public cloud services will increase from $ 242.6 billion in 2019 to $ 692.1 billion in 2025 and a compound annual growth rate (CAGR) of 16.1 % will be achieved.
- Spending on SaaS cloud services is projected to hit $ 122.6 billion this year and climb to $ 145.3 billion next year, a growth of 19.3% between 2021 and 2022.
These and many other findings come from Gartner predicts that global end-user spending on public clouds will increase 23% in 2021. The pandemic created the immediate need for virtual labor and cloud resources to support them at scale and accelerated the adoption of public clouds in 2020, with the momentum continuing this year. Containerization, virtualization, and edge computing have quickly become mainstream and are leading to additional cloud spending. Gardener…