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CTERA 2023 Predictions: What's around the corner for 2023



After many years of near-zero interest rates and workforce shortages, the tide has turned, and in 2022 we have seen the start of a dramatic shift in the business landscape. As we enter 2023, capital is much more expensive, and interest rates continue to rise, resulting in the attractiveness and pursuit of low CAPEX, high OPEX business models, such as cloud computing and SaaS. With the deflation of the business bubble, many companies are looking at their budgets and will be forced to downsize or even close their doors. Those that have made the shift to cloud-based models will be better-positioned to weather the global recession by taking advantage of the inherent elasticity and flexibility of the cloud.

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