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Cloud computing spending is growing again and there’s more to come

April 4, 2022

Via: ZDnet

Businesses around the world spent $21.1 billion on cloud infrastructure services in the fourth quarter (Q4) of 2021, signaling a rebound in spending on cloud storage and compute power.

Spending on cloud infrastructure was up 13.5% in the quarter year on year to $21.1 billion, according to tech research firm, IDC.

The previous quarter saw spending on cloud infrastructure reach $18.6 billion after a remarkable year-on-year decline of 1.9% in Q2 2021, which was the first time in seven quarters that spending on cloud decreased.

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