COVID-19 accelerated the growth of the cloud computing market, as companies across the globe started seeking a way to secure business continuity amid the lockdown. However, the following years are set to witness even more impressive growth, with revenues hitting a new benchmark.
According to data presented by stockapps.com, global public cloud revenues are expected to jump to $338.8 billion in 2021, a 25% increase in one year. The noticeable increasing trend is set to continue in the next two years, with revenues jumping by another 50% and reaching $500.5 billion by 2023.