The global pandemic may have put a damper on many sectors of the economy, but it doesn’t seem to have hindered the cloud computing market. According to the latest forecast from Gartner, the public cloud market will likely grow 6.4% in 2020 to reach $242.7 billion. Software as a service (SaaS) is particularly strong, accounting for $104.7 billion of that total.
In a 2020 InformationWeek/Interop survey, IT leaders estimated that 42% of their cloud-related budgets are going to SaaS initiatives.
