Cloud computing is set for a massive spending boost in 2022

According to the latest figures from Gartner, companies’ growing desire for more and more public cloud services shows no signs of slowing down.

The analyst house predicted that global public cloud spending would grow 20.4% in 2022 to a total of $494.7 billion, up from $410.9 billion in 2021.

In 2023, Gartner predicts that end-user spending on public cloud computing will reach nearly $600 billion.

higher demand

“The cloud is driving digital organizations today,” said Sid Nag, research vice president at Gartner. “CIOs are moving beyond the age of irrational exuberance of buying cloud services and are thoughtful in their choice of public cloud providers based on specific and desired business and technology outcomes in their digital transformation journey. .”

As many employees continue to work from home, Gartner says hybrid working is encouraging organizations to move away from traditional IT solutions such as desktops and physical office tools, and towards desktop solutions. as a service (DaaS).

According to Gartner, infrastructure as a service (IaaS) is expected to be the primary driver of end-user spending growth in the public cloud, growing 30.6% in 2022.

The analyst house expects DaaS spending to grow by 26.6% and platform-as-a-service (PaaS) spending by 26.1% in 2022.

Additionally, end-user demand for PaaS is expected to reach $109.6 billion.

SaaS stays on top

Software as a service (SaaS) is expected to remain the largest segment of the public cloud services market, and Gartner predicts that end-user SaaS spending will reach $176.6 billion in 2022.

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The analyst house predicts that enterprises will continue to break down larger monolithic applications into composable parts to DevOps process.

Gartner also predicts that emerging cloud computing technologies such as large-scale edge computing and the Secure Access Service Edge (SASE) will create additional revenue streams for public cloud providers.

“Cloud-native capabilities such as containerization, database platform as a service (dbPaaS), and AI/machine learning contain richer functionality than commoditized computing such as IaaS or network as a service. than service,” said Gartner’s Nag. “As a result, they are generally more expensive, which fuels spending growth.”

The news comes after Gartner predicted earlier this month that global IT spending is expected to total $4.4 billion this year despite rising inflation, geopolitical disruptions and continued talent shortages.

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