TECH SUPPLIER Jul 2020 - Market Forecast - Doc # US45322520

Worldwide Public Cloud Infrastructure as a Service Forecast, 2020–2024

By: Andrew SmithResearch Manager, Cloud Infrastructure Services, Deepak Mohan

Abstract

This IDC study provides an update on the worldwide public cloud infrastructure as a service market forecast for 2020–2024.

"Resilience, recovery, and flexibility have emerged as top priorities for enterprise IT buyers, as COVID-19 disruption creates uncertainty and complexity for businesses," said Andrew Smith, research manager, Cloud Infrastructure Services at IDC. "Cloud services are well positioned to address all three of these elements, and IT organizations of all sizes are accelerating their cloud adoption plans as a result. This dynamic will result in continued spending and growth of the cloud IaaS market over the forecast period, despite the immediate declines forecast for enterprise IT spending overall."


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