Worldwide public cloud spending heading for US$600 billionWorldwide public cloud spending on track for US$600 Billion this yearIf you found yourself wondering why the cloud hyperscalers have chosen this moment to build in New Zealand, the answer lies in Gartner’s latest cloud forecast. The analyst firm expects worldwide end-user spending on public cloud services to grow 21.7 per cent this year. Gartner’s forecasts the spend to hit US$597.3 billion, that’s $600 billion bar a rounding error. Google Cloud makes its first profitGoogle’s cloud business reported revenue of US$7.4 billion for the quarter that end on March 31. Worldwide public cloud spending heading for US$600 billion was first posted at billbennett.co.nz.

Source: Stuff May 03, 2023 12:05 UTC