Cloud computing is set for a massive spending boost in 2022

Date:
Wed, 20 Apr 2022 12:13:06 +0000

Description:
Move towards more expensive cloud services and hybrid work is set to push spending to record levels, Gartner predicts.

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Businesses growing desire for more and more public cloud services is showing no signs of slowing down, according to the latest figures from Gartner.

The analyst house predicted global public cloud spending will rise 20.4% in 2022 to a total of $494.7 billion, up from $410.9 billion in 2021.

In 2023, Gartner predicts end-user spending on public cloud computing will reach nearly $600 billion. Higher demand

Cloud is the powerhouse that drives todays digital organizations, 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 specific, desired business and technology outcomes in their digital transformation journey.

As many employees continue to work from home, Gartner claims hybrid working
is encouraging organizations to move away from traditional computing
solutions such as desktops and physical in-office tools, and towards desktop-as-a-service (DaaS) solutions.

Infrastructure-as-a-service (IaaS) is set to be the largest driver of
end-user public cloud spending growth according to Gartner, growing 30.6% in 2022.

The analyst house expects spending on DaaS to grow 26.6% and spending on platform-as-a-service (PaaS) to grow 26.1% in 2022.

In addition, demand by end-users for PaaS is predicted to grow to $109.6 billion. SaaS remains on top

Software-as-a-Service (SaaS) is set to remain the largest segment of the public cloud services market, and Gartner forecasts spending on SaaS by end users will reach $176.6 billion in 2022.

The analyst house predicts businesses will continue to break up larger, monolithic applications into composable parts for DevOps processes.

Gartner also predicts that emerging technologies in cloud computing such as hyperscale edge computing and secure access service edge (SASE) will create additional revenue streams for public cloud providers.

Cloud native capabilities such as containerisation, 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 Gartners Nag. As a result, they are generally more expensive which is
fuelling spending growth. Read more

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The news comes after Gartner predicted earlier this month that global IT spending is set to reach a total of $4.4tn this year despite rising
inflation, geopolitical disruption and ongoing talent shortages. Looking for
a change? Check out our top business cloud storage services



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Link to news story: https://www.techradar.com/news/cloud-computing-is-set-for-a-massive-spending-b oost-in-2022/


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