Gartner forecasts worldwide public cloud end-user spending to reach nearly $600bln in 2023

Gartner forecasts worldwide public cloud end-user spending to reach nearly $600bln in 2023

DUBAI, UAE — Worldwide end-user spending on public cloud services is forecast to grow 20.7% to total $591.8 billion in 2023, up from $490.3 billion in 2022, according to the latest forecast from Gartner, Inc. This is higher than the 18.8% growth forecast for 2022.

“Current inflationary pressures and macroeconomic conditions are having a push and pull effect on cloud spending,” said Sid Nag, Vice President Analyst at Gartner. “Cloud computing will continue to be a bastion of safety and innovation, supporting growth during uncertain times due to its agile, elastic and scalable nature.

“Yet, organizations can only spend what they have. Cloud spending could decrease if overall IT budgets shrink, given that cloud continues to be the largest chunk of IT spend and proportionate budget growth.”

Infrastructure-as-a-service (IaaS) is forecast to experience the highest end-user spending growth in 2023 at 29.8% (see Table 1). All segments are expected see growth in 2023.

Table 1. Worldwide Public Cloud Services End-User Spending Forecast (Millions of U.S. Dollars)

| |

| |

2021

| |

2022

| |

| |

Cloud Business Process Services (BPaaS)

| |

54,952

| |

60,127

| |

65,145

| |

Cloud Application Infrastructure Services (PaaS)

| |

89,910

| |

110,677

| |

136,408

| |

Cloud Application Services (SaaS)

| |

146,326

| |

167,107

| |

195,208

| |

Cloud Management and Security Services

| |

28,489

| |

34,143

| |

41,675

| |

Cloud System Infrastructure