in , ,

IDC: Vertical Industry Demand to Boost Public Cloud Market

IDC: Vertical Industry Demand to Boost Public Cloud Market - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

technology, cyber, cloud, computerA new report from International Data Corp. projects the global market for public cloud platforms to reach $70 billion this year as commercial enterprises in different industries look for services to manage their operations.

The company said Tuesday banking, process and discrete manufacturing, retail and professional services are among the industries to represent nearly half of the total market share.

The IDC report also cited regulatory concerns, security issues and use of legacy systems as challenges to cloud deployment in financial services, government and other sectors.

Eileen Smith, program manager of global technology and research group at IDC, said suppliers of cloud platforms and services will continue to witness “significant demand” for their offerings.

“It is important for these suppliers to develop strong customer-partner relationships with cloud/platform players to seize new opportunities,” she added.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Government Cloud

mm

Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

Cray Lands Storage, Supercomputer Supply Contract With Australia Meteorology Bureau; Peter Ungaro Comments - top government contractors - best government contracting event
Cray Lands Storage, Supercomputer Supply Contract With Australia Meteorology Bureau; Peter Ungaro Comments
Tom Romeo on MAXIMUS' Post-Acentia Acquisition Strategy, Industry's Role in Citizen-Gov't Connections - top government contractors - best government contracting event
Tom Romeo on MAXIMUS’ Post-Acentia Acquisition Strategy, Industry’s Role in Citizen-Gov’t Connections