Security News > 2021 > September > Whole cloud spending to surpass $1.3 trillion by 2025

Whole cloud spending to sustain a CAGR of 16.9% by 2025.

Dedicated Cloud Services, which includes hosted private cloud services and the fast-emerging Dedicated Cloud Infrastructure-as-a-Service segment, will grow at a faster CAGR of 31.0%, but from a much smaller revenue base of $5 billion in 2021.

The as-a-Service segments of cloud spending, combining Shared Cloud as-a-Service and Dedicated Cloud as-a-Service, will account for the majority of all cloud spending throughout the forecast, growing from 55.7% in 2021 to 64.1% in 2025.

These segments will also see the fastest growth in spending, with a five-year CAGR of 21.3%. Cloud Buildout - the hardware, software, and standard support services for these cloud assets - represents the most critical area of cloud spending outside the as-a-Service segments.

The five-year CAGR for cloud hardware, software, and support is expected to be 11.8%. The two remaining segments of cloud spending that are not part of the as-a-Service total are cloud-related professional services and managed cloud services.

Cloud-related professional services and managed cloud services will see similar levels of spending throughout the forecast, with managed cloud services experiencing faster spending growth over the course of the forecast.

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