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Worldwide Whole Cloud Forecast, 2023-2027: Cloud Is the Critical Support Enabling the AI Everywhere Era

PAGES: 21 Pages
DELIVERY TIME: 1-2 business days
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This IDC study compiles data from several other IDC cloud-related forecasts and trackers and uses definitions consistent with those other forecasts to provide a perspective on both the total portion of major IT sectors that are influenced by cloud in all its forms and the breakdown of spending on cloud-based services (as a service), the managed and professional services needed to deploy and govern cloud resources (services), and the hardware, software, and support services required to build and maintain cloud environments (cloud supply chain). It also discusses how economic and geopolitical conditions as well as the growing importance of AI (triggered by the emergence of GenAI) will affect enterprises' cloud consumption and management practices."Despite economic headwinds that affected growth rates in specific cloud markets in 2023, businesses accelerated their shift to cloud as an operating model and delivery platform, a clear demonstration of the agility promised by cloud providers. IDC expects enterprises' pivot to focusing on the effective use of AI, triggered by the current exploration of GenAI, in business transformation will further accelerate the shift to cloud as the foundation technology platform for rapid innovation and scale." - Rick Villars, group vice president, Worldwide Research at IDC

Product Code: US50435323

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Artificial Intelligence/Machine Learning Adoption and Scaling
      • Data Growth and Modern Data Environments
    • Inhibitors
      • Security and Data Sovereignty
      • Operational Efficiencies
  • Significant Market Developments
    • Economic Downturn
    • Cloud Partnerships Ease Enterprise Support
    • Public Cloud Providers Are Addressing Digital Sovereignty Requirements
    • Ongoing Market Consolidation
    • Enablers of AI/ML and GenAI
    • Ecosystem and Best of Breed Continue to Define Customer Buying Expectations for Cloud Services
  • Changes from Prior Forecast
    • As a Service
    • Services
    • Cloud Supply Chain

Market Definition

  • As a Service
  • Services
  • Cloud Supply Chain


Related Research

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Jeroen Van Heghe

Manager - EMEA



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Manager - Americas


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