'The biggest story in Q2 was about macroeconomics rather than actual cloud usage' - Cloud market up amid currency headwinds

A research group claims exchange rates dampened the market’s quarterly performance

Kelsey Rees
clock • 2 min read
'The biggest story in Q2 was about macroeconomics rather than actual cloud usage' - Cloud market up amid currency headwinds

Enterprise spending on cloud infrastructure services approached the $55bn mark in the second quarter of 2022.  Despite turbulence in currency markets and a much strengthened US dollar, the figure still represents growth of 29 per cent from last year, according to data from Synergy Research Group. The researcher claims that, had exchange rates remained constant over the last year, the growth rate would have been around six percentage points higher.  "As the cloud market continues to s...

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

CPI Editor Nima Green and MSP leaders

Register for your free place - Inside Track Security Europe Where Next For The Channel? - goes live Oct 5th

CPI's studio broadcast event will bring together MSP leaders such as Atea, TietoEVRY, NTT Data, Logicalis, Cloudera, Assured Data Protection and Kudelski Security from across multiple EMEA regions to share the top lucrative security opportunities right now

Nima Green
clock 26 September 2022 • 3 min read
Microsoft unveils first Windows 11 2022 update

Microsoft unveils first Windows 11 2022 update

22H2 focuses on four important innovation areas, including boosting security controls for those working in hybrid settings

clock 26 September 2022 • 2 min read
Microsoft SQL servers are being targeted in FARGO ransomware attacks

Microsoft SQL servers are being targeted in FARGO ransomware attacks

FARGO ransomware, also known as Mallox and TargetCompany, disables database protections then encrypts records within

clock 26 September 2022 • 2 min read