GinsGlobal's Anthony Ginsberg discusses key takeaways from the July 2022 Cloud Technology Market Report.
Ginsberg, co-creator of the HAN-GINS Cloud Technology UCITS ETF (LSE:SKYY), noted that Cloud spending is up 26-27% due to the huge move away from onsite hardware.
"We're actually expecting Cloud to represent 50% of all the total enterprise IT spending by 2025," Ginsberg said. "It's about 40% at the moment."
Highly-regulated industrial including medical (hospitals) and financial services are also embracing Cloud technology, the report stated.