The Looming Recession and its Impact on Cloud Markets

Is the global economy on the brink of a recession? This has been amongst the most hotly debated questions of 2022. Politicians, analysts, economists, and businesses all seem to have differing perspectives on the topic. Some anticipate a bleak 2023, with an economic environment akin to the Great Recession of 2007–2009. Others sport a rosier outlook of continued prosperity for the United States and the world, believing the current economic climate is merely a blip on our radar, a minor contraction after a long and sustained period of growth.

In this insight, Frost & Sullivan looks at the macro-economic levers that drive our world today. Based on interviews with technology firms and the results of our 2022 Global Cloud User Survey, we look at how organizations are responding to current economic conditions; specifically, whether enterprises anticipate a recession or stagnation, and how they are altering their IT spend and priorities in response.

Author: Anisha Vinny