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Huge Spending Spree in the Cloud Market

  • Enterprises spend nearly $80 billion per quarter on cloud infrastructure, with no signs of slowing down.
  • Researchers project that the global market will reach almost $800 billion in 2024 and double by 2028.
  • The explosive growth of AI is driving a significant portion of the spending on cloud technologies.
  • The majority of spending in the cloud market will be on data management, AI platform solutions, and service providers.

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