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Gartner: Global Cloud-based Software Spending Up 7.1 percent in 2019
📅 - The shift of enterprise IT spending from traditional (non-cloud) offerings to new, cloud-based alternatives is continuing to drive growth in the enterprise software market. In 2019, the global cloud-based software market is projected to reach $427 billion, up 7.1 percent from $399 billion in 2018, according to the latest forecast by Gartner (gartner.com).
The largest cloud shift has so far occurred in application software. However, Gartner expects increased growth for the infrastructure software segment in the near-term, particularly in Integration Platform as a Service (iPaaS) and Application Platform as a Service (aPaaS).
Worldwide IT spending is forecast to total $3.79 trillion in [...][... Check source for end of article ...]
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