IT modernization and agility are critical for organizations around the world and the proportion of enterprise IT spending on public cloud continues to increase. According to Gartner, enterprise IT spending on public cloud continues to increase, with world-wide public cloud end-user spending to grow by 18% in 2021. As enterprises increase investments in mobility, collaboration, and other remote working technologies, Gartner expects growth in public cloud to be sustained through 2024.
Enterprise migration to the public cloud is still in its early stages, but statistics like these show the pace of migration is accelerating. According to IDC, worldwide spending on public cloud services and infrastructure will more than double over the 2019-2023 forecast period.
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