IDC predicts cloud infrastructure spending this year will hit $90.2B

IDC forecasts that cloud infrastructure spending will exceed $90 billion in 2022.

In Q1 2022, IDC found that spending on compute and storage infrastructure products for cloud deployments – including dedicated and shared environments – increased 17.2 percent year-over-year to $18.3 billion.

The firm’s analysts note the strong growth is despite “tight supply of some system components and disruptions in transportation networks.”

Dedicated cloud...

4 July 2022 | Enterprise

Building trust will be “deciding factor in cloud service provider competition” in 2021

A cloud computing graphic.

Spend on cloud infrastructure services by US-based companies grew 29% in Q1 2021 to a record $18.6 billion (£13.10bn), after global cloud spend consolidated in 2020.

Total cloud expenditure in the US increased $4.2bn (£2.96bn) in the past year and $621 million (£437m) in the first quarter of the year, according to the latest Canalys data. Dollar for dollar, annual expansion was the highest in two years, indicating robust demand for cloud services. 

The trend of...

21 May 2021 | AWS