Chris Ngwenyama, xTech

Gartner expects that more than 70% of enterprises will use industry cloud platforms to accelerate their business initiatives by 2027. This is up from less than 15% in 2023. Similarly, a recent Deloitte analysis forecast that industry clouds could become a $640 billion market by 2024.

Unlike traditional cloud offerings, which provided a largely one-size-fits-all proposition when they first hit the market, industry clouds are tailored solutions designed to address the unique needs and compliance requirements of businesses within specific sectors.