Organizations plan to increase spending on infrastructure/platform as a service (IaaS/PaaS) public cloud services despite persistent macroeconomic headwinds and ongoing enterprise cost cutting. Data from our Cloud, Hosting & Managed Services, Budgets & Outlook 2024 survey reveals growth drivers include advanced services built on top of or around foundational cloud infrastructure, as well as sustained migration from other IT environments. However, cloud costs are coming under increasing scrutiny, thus elevating the importance of cloud cost optimization techniques and FinOps.
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