Public cloud revenue will reach $500 billion in 2023: The key factors driving it
The pace of cloud computing adoption will accelerate as more organizations explore hybrid IT strategies. CIOs and CTOs will fine-tune the mix of on-premises and managed cloud services for their user's varied applications and workloads.
Worldwide spending on public cloud services and infrastructure will more than double over the 2019-2023 forecast period, according to the latest market study by International Data Corporation (IDC).
With a five-year compound annual growth rate (CAGR) of 22.3 percent, public...