In this cloud roundup, IDC predicts enterprise application growth will reach $385 billion in 2026, Microsoft acquires startup Fungible, GCX and Nordic team up on data center growth, and Windstream updates a unified communications platform with AWS.
IDC forecasts enterprise app growth to reach $385 billion in 2026
Analyst group IDC predicts global revenue for enterprise applications will reach $385.2 billion in 2026, up from $279.6 billion in 2022. This increase represents a five-year compound annual growth rate (CAGR) of 8.0%.
IDC forecasts that two-thirds of enterprise application revenue will result from public cloud software investments. The research group said organizations that don’t transition their on-premise applications to the cloud will experience opportunity cost losses to competitors that do adopt cloud technologies and use application programming interfaces (APIs).
Enterprise software needs to keep pace with “demand for speed, scale and a resilient business,” said Heather Hershey, research director, Worldwide Digital Commerce at IDC, in a statement.
Organizations should invest in tools that keep their “application portfolio up to date” and automate “all processes while also leveraging innovation and a wealth of data to become a