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IDC: Global spending on public cloud services and infrastructure to reach £398b in 2023

July 05, 2019 / cloudcomputing

The latest IDC study suggests that global spending on public cloud services and infrastructure will be more than double by 2023, mainly driven by digital transformation deployments. According to the market researcher, spending will grow at a rate of 22.3 per cent from $229b (£182b) in 2019 to nearly $500b (£398b) in 2023.