End user spending on public cloud in 2022 will be around 500,000 million

The End-user spending on public cloud services will grow by 20.4% in 2022until reaching 494.7 billion of dollars. This has been pointed out by the consulting firm Gartner, which also forecasts that in 2023, this expense will rise to almost 600,000 million dollars.

The public cloud area that will experience the most growth this year is Infrastructure as a Service (IaaS). Your income will improve by 30.6%. It is followed by Desktop as a Service (DaaS), with an increase in revenue of 26.6% and Platform as a Service, with an increase of 26.1%. Meanwhile, in the corporate world, hybrid working is leading organizations to move from using conventional client computing solutions, such as PCs and other physical equipment in offices, to Desktop as a Service (DaaS), with an expense that will reach 2,600 million dollars.

End-user demand for cloud-native features will drive Platform-as-a-Service (PaaS) tools to $109.6 billion in spending growth by 2022. But software as a service keep being him largest segment of public cloud spending for the end user: 176,699 million dollars in 2022 according to Gartner forecasts. The consultancy expects sustained growth speed in this segment, as companies market various SaaS plans and use various go-to-market routes for themselves. Additionally, they continue to break monolithic applications into pluggable parts, for more efficient DevOps processes.

Emerging technologies in cloud computing, such as hyperscale edge computing, and Secure Access Service at the Edge (SASE) are disruptive adjacent markets, and are creating new product categories, generating additional business streams for public cloud providers .

Sid Nag, Vice President of Research at Gartnerhas underlined that «The cloud is the power that drives today’s digital businesses. CIOs are moving beyond the era of irrational exuberance to pursue cloud services, and are being cautious in choosing public cloud providers to achieve desired business and technology outcomes in their digital transformation journey. Cloud-native capabilities such as containerization, Platform-as-a-Service databases, and machine learning and Artificial Intelligence contain rich features that commodify computing, such as IaaS or Network-as-a-Service. As a consequence, they are generally more expensive, which is driving spending growth«.

Nag has also highlighted that «Thanks to the maturation of major cloud services, the focus of differentiation is gradually shifting to capabilities that can disrupt digital businesses as well as business operations. Public cloud services have become so integral that providers are now forced to address societal and political challenges, such as sustainability and data sovereignty. IT leaders who see cloud as an enabler rather than an end state will be the most successful on their digital transformation journeys. Companies that combine the cloud with other adjacent and emerging technologies will do even better«.

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