Businesses around the world spent $21.1 billion on cloud infrastructure services in the fourth quarter (Q4) of 2021, signaling a rebound in spending on cloud storage and compute power.<\/p>\n
Spending on cloud infrastructure was up 13.5% in the quarter year on year to $21.1 billion, according to tech research firm, IDC.<\/p>\n
The previous quarter saw spending on cloud infrastructure reach $18.6 billion after a remarkable year-on-year decline of 1.9% in Q2 2021, which was the first time in seven quarters that spending on cloud decreased.<\/p>\n
Cloud spending rose as businesses and governments across the world embarked on major digital transformation projects over the last two years. The big winners are the big three cloud players: Amazon Web Services (AWS), Google Cloud, and Microsoft with Azure and its other cloud services, like Office 365. <\/p>\n
\"This marked the second consecutive quarter of year-over-year growth as supply chain constraints have depleted vendor inventories over the past several quarters. As backlogs continue to grow, pent-up demand bodes well for future growth as long as the economy stays healthy, and supply catches up to demand,\" IDC said of Q4 2021.<\/p>\n
Over the whole of 2021, spending on cloud was 8.8% higher than in 2020, reaching a total of $73.9 billion for the year.<\/p>\n
Enterprise spending on traditional IT grew too, but not as fast as cloud spending. Enterprise invested in non-cloud infrastructure to the tune of $17.2 billion, up 1.5% year on year in 4Q21, according to IDC. It marks the fourth consecutive quarter of growth on traditional IT spending, which grew 4.2% over 2020 to $59.6 billion for the year.<\/p>\n
Cloud giants are trying to gain an edge on each other in all sorts of ways. Last week a Google Cloud survey argued that government workers were worried thatreliance on Microsoft's products was undermining the government's cybersecurity: Microsoft didn't agree.<\/p>\n
IDC forecasts that firms will spend $90.0 billion cloud infrastructure in 2022, up 21.7% compared to 2021. The biggest loser is traditional IT spends for organizations that maintain their own infrastructure. CIO spending on non-cloud infrastructure is to decline 0.3% to $59.4 billion.<\/p>\n
However, IDC reckons that spending on shared cloud infrastructure spending will grow 25.5% year over year to $64.5 billion for 2022, while spending on dedicated cloud infrastructure is expected to grow 13.1% to $25.4 billion in 2022.<\/p>\n
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Cloud computing spending is growing again and there's more to come - ZDNet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Businesses around the world spent $21.1 billion on cloud infrastructure services in the fourth quarter (Q4) of 2021, signaling a rebound in spending on cloud storage and compute power. Spending on cloud infrastructure was up 13.5% in the quarter year on year to $21.1 billion, according to tech research firm, IDC. Continue reading