IaaS networking services revenue to hit $19.4 billion in 2023

The importance of networking to and within cloud environments has grown significantly for enterprise customers as more and more applications, workloads, and data are moved to the cloud, according to IDC. IDC estimates that worldwide revenue for public cloud-based infrastructure as a service (IaaS) networking services will reach $19.4 billion in 2023. The market is expected to see strong growth through 2026 with a compound annual growth rate (CAGR) of 27.9% for the period from … More →

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applications cloud cloud-based cloud environments customers data digital transformation enterprise environments iaas idc infrastructure infrastructure as a service networking public public cloud report revenue service services survey workloads