Cloud infrastructure spending spiked at $18.6bn in Q3 2021 - IDC

The analyst’s figures show pandemic spending was boosted by a spike in investments in cloud services and infrastructure to enable businesses to adapt to hybrid working

Kelsey Rees
clock • 2 min read
Cloud infrastructure spending spiked at $18.6bn in Q3 2021 - IDC

Spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, rose 6.6 per cent in the third quarter of 2021 to $18.6bn (€16.2bn). The data from IDC shows the market is continuing to have a bumper year through consecutive pandemic quarters. The outlier was Q2 2021, when spending dipped 1.9 per cent. Despite that, the cloud infrastructure market logged seven quarters of growth, beginning in Q3 2019. The biggest jump was...

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