It’s one thing for CIOs to say that cloud computing will see the highest rate of spending growth in 2022, as recorded in a Morgan Stanley survey. It’s quite another thing to actually spend that money.
But spending they are, as last week’s results from the big three cloud vendors (AWS, Microsoft, and Google) demonstrated. Yes, growth for each of these cloud providers decelerated. But you’d have to be a committed cloud denier to argue that cloud adoption isn’t continuing to boom, even in the face of a recession.
Or, more probably, precisely because of a looming recession.