Public cloud service spending will grow 21.7 per cent to $597.3 billion in 2023, according to beancounters and number crunchers at analyst outfit Gartner.
Cloud computing going to drive the next phase of digital business, as organisations pursue disruption through emerging technologies like generative artificial intelligence (AI), Web3 and the metaverse, Big G said.
Gartner VP Sid Nag said hyperscale cloud providers were driving the cloud agenda as organisations today view it as a strategic platform for digital transformation. This requires cloud providers to offer more sophisticated capabilities as the competition for digital services improves.