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Worldwide spend on cloud systems to pass USD 1 trillion in 2024 - IDC

2020-10-15 16:14:00| Telecompaper Headlines

(Telecompaper) Worldwide spend on cloud systems is expected to pass USD 1 trillion in 2024, accelerated by cloud adoption amid the coronavirus pandemic, according to the latest study from IDC, which forecasts a five-year CAGR of 15.7 percent. The research took into account cloud services, the hardware and software components underpinning cloud services, and the professional managed services around cloud services.

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