Global Public Cloud Growth Surges, Driven by AI and Financial Sector Expansion

Public cloud solutions continue to drive significant advancements across various industries. Recent reports highlight a surge in global public cloud spending, projected to reach $805 billion in 2024, with artificial intelligence (AI) being a key growth driver.

In the financial sector, the private and public cloud market is expected to grow by $106.43 billion between 2024 and 2028, propelled by big data and AI-influenced market trends.

Additionally, Forrester's analysis identifies major cloud trends, including increased support from companies like Nvidia for AI startups, migrations to public cloud platforms, and the convergence of AI with edge computing.