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The $1 trillion cloud opportunity

Thursday 22 September 2022

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Public cloud services have existed for over 20 years, however the cloud industry is still in its infancy, and the pandemic highlighted the need for IT departments to accelerate their cloud transition.
As a result, public cloud spending is expected to increase from $405 billion in 2021 to over $1 trillion by 2026, growing at a compound annual growth rate of more than 21%. The continued shift of enterprise workloads to the cloud, and the recognition of the key benefits could drive a potential 6x increase in spend over the next decade.

As the world recovers from the global pandemic, innovation is required to improve productivity and deliver economic growth. Adoption of the cloud is no longer a choice for businesses seeking agility and security of their IT environments against cyber threats.

We discuss the cloud in more detail in our recently released Swell Key Trends Report. This report details four secular trends that we judge to be critical growth drivers to generating future shareholder value. If you would like to discover the other trends, please click on the link below.  

Download the Key Trends Report here

About the Author
Lachlan Hughes, CFA

Lachlan Hughes, CFA

Chief Investment Officer

Lachlan founded Swell Asset Management in 2014, wanting to create a unique investment offering – a global portfolio with a genuine long term focus. He is the CIO, with responsibility for all investment decisions of the Swell Global Portfolio. Previously he was a Senior Analyst with NovaPort Capital, a boutique fund manager owned by Challenger Limited. Prior to that, Lachlan was a corporate lawyer working with King & Wood Mallesons, The Bank of New York (London), and Allco Finance Group.

Lachlan earned the right to use the CFA designation granted by the CFA Institute in 2010. His professional qualifications include a Bachelor of Commerce (Finance) and a Bachelor of Laws.

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