An updated forecast from International Data Corporation shows that enterprises will invest more than $19.4 billion worldwide on GenAI solutions in 2023. This spending is expected to more than double in 2024 and reach $151.1 billion in 2027. read more

DEC 22, 2023 - 6:40 am

According to the International Data Corporation’s recently published worldwide information technology industry predictions for 2024 and beyond, by 2025, Global 2000 organizations will allocate more than 40% of their core IT spend to artificial intelligence-related initiatives. read more

OCT 27, 2023 - 7:16 am

A new forecast from International Data Corporation shows that enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023. This spending is expected to reach $143 billion in 2027 with a compound annual growth rate of 73.3% over the 2023 to 2027 forecast period. read more

OCT 17, 2023 - 5:10 am

According to new data from the International Data Corporation's Worldwide Semiannual Public Cloud Services Tracker, worldwide revenue for the public cloud services market totaled $545.8 billion in 2022, an increase of 22.9% over 2021. read more

JUL 7, 2023 - 7:01 am

International Data Corporation revealed its worldwide information technology industry predictions for 2022 and beyond, including the expectation that more than half of all information and communications technology investment will be linked to digital transformation by 2024. read more

OCT 29, 2021 - 7:03 am

IDC forecasts "whole cloud" spending will surpass $1.3 trillion by 2025 while sustaining a compound annual growth rate (CAGR) of 16.9%. read more

SEP 16, 2021 - 6:30 am

The worldwide public cloud services market, including software-as-a-service, grew 24.1% year over year in 2020, with revenues totaling $312 billion, according to the International Data Corporation’s Worldwide Semiannual Public Cloud Services Tracker. read more

MAY 17, 2021 - 6:11 am

According to IDC’s predictions for 2021 and beyond, the global economy remains on its way to its "digital destiny" and, with this shift, 65% of global GDP will be digitalized by 2022, driving $6.8 trillion of IT spending from 2020 to 2023. read more

OCT 28, 2020 - 7:45 am