At its peak, enterprises were spending US$80 billion a year on in-house hardware/software. Now they spend US$227 billion on cloud platforms.
Founder and Editor, The Tech Capital
4 Mins
July 14, 2023 | 3:58 PM BST
Source: Microsoft
As cloud becomes dominant, enterprises across the globe are set to continue to slash their capital expenditure (CAPEX) on on-premise data centres and instead foster the adoption of off-premise infrastructure.
Founder and Editor, The Tech Capital
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