Will Global spending on cloud applications be $500 billion?

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Over the year, cloud computing has taken a row over multi-billion companies as well as mid or small-size companies. Cloud technology is just not into one segment but got diversified applications with different segments using it as per their budget.

Let’s look at the forecast by Gartner.

As per Sid Nag, research vice president at Gartner, “The cloud is an integral part and driver of enterprise digitization.” “CIOs have emerged from the era of irrational exuberance in procuring public cloud services. They are now choosing public cloud providers wisely to achieve their business and technology goals on their digital transformation journey.”

Finally, Nag concluded that “IT leaders who view the cloud as an enabler rather than the end state will be the most successful on their digital transformation journey.” “However, companies that combine the cloud with other technologies will do even better.”


As per Gartner, there will be a sharp rise in spending on cloud application technology.

  • Public cloud Services: Global end-user spending is expected to increase by 20.4%, a total of $500 billion by 2022.
  • Infrastructure-as-a-service: The growth will be high by 30.6% in 2022.
  • Desktop-as-a-service: There will be an increase of 26.6%, a total of $2.6 billion.
  • Platform-as-a-service: A growth of 26.1%, a total of $109.6 billion.

Source: Industry of things

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