Global cloud services spend hits $55.9bn in Q1 2022 - Canalys

The analyst highlighted SMB procurement as a key driver of investment, while AWS topped the list of cloud providers

Kelsey Rees
clock • 3 min read
Global cloud services spend hits $55.9bn in Q1 2022 - Canalys

Global cloud infrastructure services spending surged 34 per cent to $55.9bn in the first quarter of 2022 as organisations prioritised digitalisation strategies to meet market challenges, according to Canalys.  The latest data from the analyst firm estimates expenditure was over $2bn more than in the previous quarter and $14bn more than in Q1 2021.  The analyst firm added the top three cloud service providers have benefited from increased adoption and scale, collectively growing 42 per c...

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