Cloud services spend exceeds $50bn in single quarter for first time - Canalys

Worldwide spending on cloud infrastructure services surpassed $50bn for the first time in the final quarter of 2021, according to research from Canalys. Total spending grew 34 per cent to $53.5bn in the fourth quarter of 2021, up $13.6bn on the same period a year ago. For the full year, total cloud infrastructure services spending grew 35 per cent to $191.7bn compared with $142bn in 2020, which Canalys said was down to the "reopening of economies post-lockdowns and growing customer conf...