Gartner: Public Cloud Spending to Rise 20% Next Year to $500 Billion, SaaS to $200 Billion - The Entrepreneurial Way with A.I.

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Saturday, May 28, 2022

Gartner: Public Cloud Spending to Rise 20% Next Year to $500 Billion, SaaS to $200 Billion

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So Gartner slices and dices its data a number of ways, but I find it invaluable to track enterprise and CIO sentiment.  They’re polling 100s of CIOs at a time and they truly have a pulse on budgets.

And what the latest, in these somewhat turbulent times?

The latest is good news.

They predict public Cloud spending to rise 20% next year to $500 Billion.  And that’s the key driver of overall Cloud spend.

 They also importantly predict SaaS spend to grow to $200 Billion next year, also up almost 20%.  That’s a lot.

That’s a lot.  It means another, additional $20+ Billion spent on SaaS apps next year alone.

Times are a bit turbulent.  Some of your customers in B2C and that are startups may be under pressure and cutting back.  But overall — things are still growing like crazy in SaaS and Cloud.  These are still the best of times.  Even if they don’t quite feel it totally at the moment.

The post Gartner: Public Cloud Spending to Rise 20% Next Year to $500 Billion, SaaS to $200 Billion appeared first on SaaStr.





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Jason Lemkin, Khareem Sudlow