Even the cloud isn't immune to the seesaw economy

theCUBE Breaking Analysis + upcoming broadcasts [Even cloud isn't immune to the seesaw economy]( “Welcome to the seesaw economy,” is how Dave Vellante opens week’s Breaking Analysis feature]( which examines the ups and downs of the cloud computing market. Just week]( Vellante shared his view that despite deteriorating spend there were positive signs on the tech market horizon. This week, his outlook is more somber.  “The Fed-induced fire that prompted a rally in tech is being purposely extinguished by that same Fed, and virtually every sector of the tech industry is having to reset its expectations – including the cloud,” he states. Digging into earnings from AWS, Azure and GCP Taking data from ETR and company earnings reports, Vellante updates the hyperscale IaaS numbers and gives the takeaway: “Cloud customers are doing more with less (or the same).” Historical cloud growth is compared with the current slowing rates, and Vellante provides an in-depth performance analysis of the big three cloud providers. Looking forward to “an interesting Q4,” Vellante sees headwinds continuing to affect the overall IT market as long as global economies remain unstable. “The visibility from tech companies is still murky as most are guiding down, which indicates that their conservative outlook last quarter was still too optimistic,” he writes. It’s a time to play the long game, with current investments in cloud looking to pay off further down the road, according to Vellante. “It’s likely the best is yet to come,” he states. Check out Vellante’s [full report]( and catch up with the entire Breaking Analysis column on [SiliconANGLE]( and [Wikibon](. You can also [watch Dave’s analysis on YouTube]( or listen as a [podcast](. [Read the full report]( Security, collaboration emerge as major themes at KubeCon After three full days in Detroit, the KubeCon + CloudNativeCon NA gathering came to a close, marked by open-source project news and expanding enterprise use cases for Kubernetes. Here's our analysts' top takeaways. [Read more]( siliconangle.com Beyond hybrid cloud: theCUBE explores open source trends As software ate the world, open-source code quietly became backbone of technological innovation](. In the past couple of years, the collaborative approach emerged as enterprise adoption of Kubernetes drove a wave of open-source projects to prominence. TheCUBE has charted this journey in a series of special features in 2022.  Open source insights How the mainstream adoption of open source is affecting how the world interacts was the subject of an analysis]( of Red Hat Summit this year, and the role of open source in security was explored, including a discussion on long-term threat from major security bugs]( and a feature on the software supply chain](. Open-source enterprise hybrid cloud was examined in article]( detailing Red Hat’s innovation plans, and when Matt Hicks took the reins as CEO of Red Hat, checked out]( his open-source roots and how they will influence his command. Insights into open hybrid cloud and quantum computing came in in-depth feature]( on the future of computing; and theCUBE’s coverage of open-source continues with more firsthand insights and use cases at KubeCon, AnsibleFest and more.  Stay tuned for more [insights from theCUBE]( on the evolution of open source. [Follow SiliconANGLE & theCUBE]( [What you missed at KubeCon + CloudNativeCon 2022]( TheCUBE’s of KubeCon +CloudNativeCon[wrapped last week]( after a packed three days of live broadcast. Alongside interviews with major community contributors, including and theCUBE hosts John Furrier, Lisa Martin and Savannah Peterson provided ongoing analysis of trends emerging from keynote speeches, breakout sessions and hallway conversations at the event. Key takeaways The importance of individual contributors and open-source project maintainers was first takeaway]( with open-source security vulnerabilities and how to prevent them the topic of discussions]( on day one. [Day two]( the talk was about hybrid cloud and challenges and advances in enterprise open-source adoption, with day three’s focus returning to the importance of supply chain security. “The software supply chain was the number one consistent theme,” said Furrier during theCUBE’s[wrap analysis]( of the event.  Written coverage of KubeCon CloudNativeCon NA 2022 can be found on [theCUBE’s KubeCon articles page]( with all analyst panels and interviews viewable on demand via event page](. [Follow theCUBE's coverage here]( [Top News: Editors' Picks]( [Gartner: Spending on public cloud services will exceed $591B in 2023]( - [Worldwide spending on public cloud services will grow 20.7% in 2023, to $591.8 billion, according to a new Gartner Inc. forecast released yesterday.]( - [The research firm also released its spending projection for 2022. Gartner expects organizations to spend $490.3 billion on cloud services this year, a 18.8% increase from the $412.6 billion invested during 2021. The fact that the market’s growth rate is projected to accelerate from 18.8% this year to 20.7% in 2023 reflects increasing enterprise demand across several cloud service categories.]( - [“Current inflationary pressures and macroeconomic conditions are having a push and pull effect on cloud spending,” said Gartner Vice President Analyst Sid Nag. “Cloud computing will continue to be a bastion of safety and innovation, supporting growth during uncertain times due to its agile, elastic and scalable nature.”]( [Elon Musk reportedly orders broad layoffs at Twitter]( - [New Twitter Inc. owner Elon Musk is reported to have ordered broad layoffs at the online news and social networking site, The Wall Street Journal reported today.]( - [Coming into the acquisition of the company Thursday by Musk (pictured), reports suggested the job cuts could be as high as 75% of the company’s workforce. However, the Journal report noted that the full scale of cuts being discussed couldn’t be determined. Referencing people familiar with the matter, the report said layoffs are expected to reduce engineering positions and other positions in the company.]( - [Musk’s reorganization started the day he took control of the company. According to reports, those “escorted out” were Chief Executive Officer Parag Agrawal, Chief Financial Officer Ned Segal, Vijaya Gadde, the head of legal policy, trust and safety, and Sean Edgett, the company’s general counsel.]( [Coming up next, only on theCUBE!]( Nov. 1: A strategic partnership strengthens  VMware Cloud on AWS has proven to be a success story for both AWS and VMware, not to mention their customers. As the VMware-AWS relationship deepens through new innovation collaborations, invites]( experts from both companies to share how VMware Cloud on AWS is helping companies across the globe accelerate their business transformation.  Check out our Guide]( for insights into what to expect during the event, and the free event]( to your calendar.     Nov. 2: Join the Data Citizen’s uprising An effective data-driven transformation requires evolving people and processes alongside technologies. On Nov. 2, theCUBE joins data intelligence leader Collibra for Citizens 22]( a special event that explores how companies are rethinking data innovation and creating a data culture within their business. [Add the free event]( to your calendar now, and learn more about what to expect in theCUBE’s exclusive Guide](. Nov. 8: Follow the data evolution Time Series Database is one of the technological foundations of real-time data, enabling sharing and analysis at the speeds required for modern workloads. On Nov. 8, theCUBE will be taking a deep dive into the changing nature of time series in the “[Evolving InfluxDB into the Smart Data Platform for Time Series]( Discover more in our event Guide]( and today]( to join theCUBE’s industry analysts and TSDB experts on Nov. 8 to learn how the next-generation InfluxDB engine can benefit your data-driven business. Nov. 15–17: Get your brain in gear for SC22 Described by theCUBE’s John Furrier as “[a hardware nerd-fest of the top minds]( theCUBE’s coverage of The International Conference for High Performance Computing, Networking, Storage and Analysis (AKA 2022]( takes place Nov. 15–17.[ ]( [Register now]( to learn about groundbreaking advances in computing that will inspire the next generation of technological innovation. Discover more in our coverage](. Nov. 28–Dec. 1: Get inspired at AWS re:Invent From Nov. 28–Dec. 1, theCUBE’s industry analysts will be at [re:Invent]( joining the AWS ecosystem clouderati for the season's biggest important event. We’ll be looking for insider scoops on the evolution of Outposts, as AWS matures its hybrid strategy and reveals the latest advances in cloud computing. What does this mean for the growth of the supercloud trend? Watch live coverage of re:Invent]( as we discuss the news, share end-user and vendor experiences, and analyze the future of cloud. [Follow theCUBE's upcoming broadcasts!]( SiliconANGLE Media Inc. | [SiliconANGLE.com]( [View as Webpage]( [[Twitter] ]( [[YouTube] ]( [[LinkedIn] ]( SiliconANGLE Media Inc | 5 Mount Royal, Suite 280, Marlborough, MA 01752 [Unsubscribe {EMAIL}]( [Update Profile]( | [Constant Contact Data Notice]( Sent by communication@siliconangle.com powered by [Trusted Email from Constant Contact - Try it FREE today.]( [Try email marketing for free today!](