$233.4 billion. That’s how much analyst firm IDC said the world spent on cloud (SaaS, IaaS, PaaS) in 2019. It sounds like a lot of money, right? According to a quick Internet search, $233 billion is how much China plans to spend on defense. It’s now much Bill Gates could save by “reinventing the toilet.” And it’s how much the meeting industry expects to lose due to the pandemic curtailing travel.
But $233.4 billion is a rounding error compared to the $4 trillion that organizations will spend on IT in 2020, according to IDC.