Italy's cloud market to grow by 16% this year - study

MILAN, Oct 13 (Reuters) - The Italian market for cloud services is set to grow by 16% in 2021 as companies and the public administration strive to build on a digital acceleration brought about by the COVID-19 pandemic, an academic study showed.

Research by the Cloud Transformation hub run by Milan's Politecnico University forecast Italian businesses and government agencies would spend 3.84 billion euro this year for cloud-related projects.

The Italian government has earmarked around 1.9 billion euros to promote the online migration of public administration data and services over the next five years under a plan financed through European Union funds to help the economy recover from the pandemic-driven slump.

Reporting by Elvira Pollina; editing by Valentina Za Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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