Firms to spend half of their cloud budget in hybrid cloud: IBM

A latest IBM survey revealed that 17% (respondents) of Indian firms’ IT spend is currently allocated to the cloud. They plan to increase the share of hybrid cloud (from the 17% total cloud investment) from 42% to 49% by 2023. They will simultaneously reduce the public cloud’s share from 50% currently to 43% by 2023. Most industries will ramp up the number deployed clouds; which can go up to 10 clouds particularly in insurance, telecom and retail.

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