The global end-user spending on public cloud services is forecast to grow 20.4% to $678.8 billion in 2024, up from $563.6 billion in 2023, according to a report from Gartner.
The spending will see a boost due to the proliferation of new technologies such as generative AI, which requires massive infrastructure that public cloud can provide, Gartner said.
Accenture on an acquisition spree
Accenture, which has been on an acquisition spree, has already acquired four companies in January, including Navisite.
On Tuesday, the professional services firm acquired Work & Co, a global digital product company that blends design, technology, and innovation, in order to help enterprises with digital products and experience transformation.
On Tuesday, the company also said it has completed the acquisition of management consultancy Vocatus, which uses behavioral economics modeling to develop pricing strategies and sales concepts for business-to-business and business-to-consumer models.
At the beginning of this week, Accenture said it had completed the acquisition of OnProcess Technology, a provider of supply chain managed services, which helps enterprises refine processes, improve the way inventory is managed, and solve complex service challenges.
