Report: 81% of IT teams directed to reduce or halt cloud spending by C-suite

published on 2022/10/19

According to a new study from Wanclouds, 81% of IT leaders say their C-suite has directed them to reduce or take on no additional cloud spending as costs skyrocket and market headwinds worsen. After multiple years of unimpeded cloud growth, the findings suggest enterprises’ soaring cloud spending may tempered as talks of a looming downturn heat up.


Cloud is very powerful but it is also can be very expensive for many type of business applications. Let's see how this impact on the earnings of major cloud providers.