'More thoughtful' CIO procurement decisions expected to push global public cloud spend to $500bn this year

Gartner predicts a 20.4 per cent growth in spending in 2022

clock • 2 min read
'More thoughtful' CIO procurement decisions expected to push global public cloud spend to $500bn this year

Worldwide end-user spending on public cloud services is forecast to grow to nearly $500bn by the end of 2022. That's according to tech analyst firm Gartner, which predicts infrastructure-as-a-service (IaaS), desktop-as-a-service (DaaS) and platform-as-a-service (PaaS) will rake in the highest spending growth this year. Public cloud services as a whole are forecast to grow 20.4 per cent to total $494.7bn, up from $410.9bn in 2021. By the end of 2023, Gartner says this end-user spendin...

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