Page 40 - Red Hat PR REPORT - JULY 2024

Looking ahead, the convergence of multi-cloud and AI technologies presents exciting opportunities
for innovation and growth. Red Hat’s commitment to open-source principles ensures that these
advancements remain accessible, transparent, and adaptable.
Industry Projections

According to Gartner, by 2025, 85% of enterprises will have adopted a multi-cloud strategy, and the
global AI market is expected to reach $550 billion by 2028
(source: https://www.gartner.com/en/newsroom/press-releases/2021-04-14-gartner-forecasts-
worldwide-public-cloud-end-user-spending-to-grow-23-percent-in-2021). Red Hat’s robust
portfolio of AI-integrated products, supported by IBM’s research and resources, positions the
company to capture a substantial share of this market.

Challenges and Opportunities

While the potential is immense, Red Hat must navigate several challenges to maintain its
leadership position:

Competitive Landscape: Red Hat must differentiate itself from tech giants like Google, Amazon,
and Microsoft, who are also making significant strides in AI and cloud computing.

Evolving AI Technologies: Continuous innovation is required to keep pace with rapid
advancements in AI.

Managing Multi-Cloud Complexity: Ensuring seamless integration and management of multi-
cloud environments remains a critical challenge.

The Future of Red Hat

https://cdotimes.com/2024/07/29/red-hats-evolution-from-open-source-pioneer-to-multi-cloud-
ai-leader/