Despite inflation, higher energy prices and overall belt-tightening among enterprises, spending on IaaS/PaaS public cloud continues to expand, driven by new business and IT initiatives and cloud migration. Data from our Cloud, Hosting & Managed Services, Cloud Spending 2023 survey shows continued growth in spending on IaaS/PaaS public cloud, alongside trepidation regarding macroeconomic conditions. Organizations report that ongoing macroeconomic uncertainty would put the brakes on the magnitude of public cloud spending growth.
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