It was recently reported that International Data Corporation has forecast global cloud spending to reach $1.3 trillion by 2025.
Indeed, it is expected that the cloud will continue to play an important role as the IT industry focuses on delivering greater efficiency, flexibility, and faster innovation. The whole cloud spending, which includes the total worldwide spending on cloud services, the hardware and software components underpinning the cloud supply chain, as well as the professional and managed opportunities around cloud services, should then sustain an annual growth rate (CAGR) of 16.9%.
Cloud is the way to leverage data all the while using innovative technologies and services as fast as possible. Besides, shared cloud as-a-Service for infrastructure, platforms remain the largest expanding engine of growth for the whole cloud market.
On the other hand, combined spending on shared cloud services Infrastructure-as-a-Service (IaaS), System Infrastructure Software-as-a-Service (SISaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS) will reach a total of CAGR of $809 billion by 2025.