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

Researcher says the re-opening of economies, increased customer confidence and demand in the public and healthcare sectors were driving factors

clock • 2 min read
Cloud computing
Image:

Cloud computing

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...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Vendor

Google, Microsoft report growth in cloud revenues

Public cloud market raked in $126bn in Q1 - Synergy Group

The market analyst’s figures broke down global IaaS and PaaS services spend

Nima Green
clock 27 June 2022 • 2 min read
Atea secures Microsoft deal to 'triple sales' of Nordic reseller's cloud services

Atea secures Microsoft deal to 'triple sales' of Nordic reseller's cloud services

Atea will also create 25 new cloud services on Microsoft Azure

Kelsey Rees
clock 27 June 2022 • 1 min read
Lenovo tells partners rationale for first-ever European manufacturing plant being based in Hungary

Lenovo tells partners rationale for first-ever European manufacturing plant being based in Hungary

Lenovo claims its 50,000-square-metre facility can produce 4,000 workstations and 1,000 servers a day

Josh Budd
clock 24 June 2022 • 4 min read