Cloud Computing Market – Growth Opportunities, Analysis, Forecast, Global, 2023

Some fifteen years after the cloud burst into our consciousness, enterprises are no longer exploring the model, but honing it. In 2023, the focus will be on optimizing complex hybrid, multicloud environments—for cost, app performance, and flexibility. Increasingly important use cases, leveraging Internet of Things (IoT) and artificial intelligence (AI), will drive edge-to-cloud strategies. Providers representing the entire technology stack (network, infrastructure, software, and services) will integrate their products and services to present a seamless, easy-to-implement end-to-end solution.

The economic slowdown may impact cloud spend in 2023 in hard-hit regions, potentially tempering public cloud growth rates that hover around 30% globally. However, respondents to the 2022 Frost & Sullivan Global Cloud User Survey expect to reallocate, rather than decrease, their cloud and IT spend, perhaps postponing major initiatives but staying the course to migrate legacy apps to the cloud.1 They perceive the cloud as an investment that will deliver business agility, cost efficiency, and productivity.

In this report, Frost & Sullivan presents its top cloud predictions for the coming year.

Author: Lynda Stadtmueller