target audience: TECH SUPPLIER  Publication date: Dec 2023 - Document type: Market Forecast - Doc  Document number: # US50435323

Worldwide Whole Cloud Forecast, 2023–2027: Cloud Is the Critical Support Enabling the AI Everywhere Era

By:  Rick Villars Loading


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This IDC study compiles data from several other IDC cloud-related forecasts and trackers and uses definitions consistent with those other forecasts to provide a perspective on both the total portion of major IT sectors that are influenced by cloud in all its forms and the breakdown of spending on cloud-based services (as a service), the managed and professional services needed to deploy and govern cloud resources (services), and the hardware, software, and support services required to build and maintain cloud environments (cloud supply chain). It also discusses how economic and geopolitical conditions as well as the growing importance of AI (triggered by the emergence of GenAI) will affect enterprises' cloud consumption and management practices.

"Despite economic headwinds that affected growth rates in specific cloud markets in 2023, businesses accelerated their shift to cloud as an operating model and delivery platform, a clear demonstration of the agility promised by cloud providers. IDC expects enterprises' pivot to focusing on the effective use of AI, triggered by the current exploration of GenAI, in business transformation will further accelerate the shift to cloud as the foundation technology platform for rapid innovation and scale." — Rick Villars, group vice president, Worldwide Research at IDC


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