Gartner forecasts worldwide public cloud end-user spending to reach nearly US $ 500 billion in 2022
Worldwide end-user spending on public cloud services is forecast to grow 20.4 % in 2022 to total US $ 494.7 billion , up from US $ 410.9 billion in 2021 , according to the latest forecast from Gartner .
In 2023 , end-user spending is expected to reach nearly US $ 600 billion .
“ Cloud is the powerhouse that drives today ’ s digital organisations ,” said Sid Nag , Research Vice President at Gartner . “ CIOs are beyond the era of irrational exuberance of procuring cloud services and are being thoughtful in their choice of public cloud providers to drive specific , desired business and technology outcomes in their Digital Transformation journey .”
Infrastructure- as-a-Service ( IaaS ) is forecast to experience the highest end-user spending growth in 2022 at 30.6 %, followed by Desktop- as-a-Service ( DaaS ) at 26.6 % and Platform- as-a-Service ( PaaS ) at 26.1 %.
The new reality of hybrid work is prompting organisations to move away from powering their workforce with traditional client computing solutions , such as desktops and other physical in-office tools and towards DaaS , which is driving spending to reach US $ 2.6 billion in 2022 . Demand for cloud-native capabilities by end-users accounts for PaaS growing to US $ 109.6 billion in spending .
“ Cloud-native capabilities such as containersation , Database Platform- as-a- Service ( dbPaaS ) and AI / Machine Learning contain richer features than commoditised compute such as IaaS or Network- as-a- Service ,” said Nag . “ As a result , they are generally more expensive which is fuelling spending growth .” p