IDC predicts that Cloud spend will dominate over next decade

The shift to IaaS and PaaS and the concomittant improvement in security, networking and flexible compute, makes the trend of ITaaS somewhat inexorable. ITaaS assumes a large usage of Cloud computing.

“Industry experts anticipate tectonic shifts in cloud implementation and development practices, even in the coming 1-2 years. While global spending on public cloud at the beginning of the decade stood at $77 billion, the figure hit a high of $411 billion by the close of the decade, as reported by Statista. Further, IDC predicts that by 2028, more than 80% of business IT expenditures will be cloud-related”

Report link:

https://www.informationweek.com/cloud/shifting-cloud-adoption-in-the-enterprise/a/d-id/1338529

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