Gartner: ‘Cloud Migration Is Not Stopping’ In 2023; $592B Predicted In Public Cloud Spending
Worldwide spending on public cloud services will reach $592 billion next year, Gartner predicts. Here are the key cloud segments where end users will spend their public cloud money in 2023.
Cloud Security, DaaS and BPaaS Spending
The other three remaining categories that will generate billions in cloud services spending next year include cloud business process services, Desktop as a Service (DaaS), and cloud management and security services.
Sales from cloud business process services is projected to reach $65 billion in 2023, up from $60 billion this year.
Gartner predicts revenue generated from cloud management and security services will hit $42 billion next year compared with $34 billion in 2022.
Spending on DaaS is expected to reach $3 billion in 2023, up from $2.5 billion in 2022.
“Despite growth, profitability and competition pressures, cloud spending will continue through perpetual cloud usage,” Nag said. “Once applications and workloads move to the cloud they generally stay there, and subscription models ensure that spending will continue through the term of the contract and most likely well beyond. For these vendors, cloud spending is an annuity—the gift that keeps on giving.”