Public cloud forecast to account for majority of IT spending by 2025

Hyperscalers rejoice, as new forecasts from Gartner on Wednesday predict an historic inflection point in IT spending.
According to the analyst firm, public cloud will account for more than half of global enterprise IT spending by 2025. What this means in terms of a dollar amount is that $917 billion of the predicted $1.8 trillion of enterprise IT spending in 2025 will go on public cloud solutions. By comparison, this year spending is expected to total $1.3 trillion, with $775 billion spent on tr