3 Cloud Trends for 2023

Cloud computing has revolutionized how we store, manage and access data. 2023 has arrived and digital transformation initiatives remain in the fast lane, and if 2023 cloud trends are any indication, there’s no slowing down. Moving to the cloud is no longer an option, as its benefits and new capabilities prove vital for moving forward, especially in an uncertain economy. Gartner Inc. forecasts that in 2023, worldwide public cloud spending will grow 20.7% to total $591.8 billion, up from $490.3 billion in 2022. The cloud computing market is expected to reach over $1 trillion by 2028. Within a span of 10 years (between 2010 to 2020), the market grew by a massive 635 percent.