Sunday, September 25, 2022
HomeCloud ComputingIDC predicts cloud infrastructure spending this 12 months will hit $90.2B

IDC predicts cloud infrastructure spending this 12 months will hit $90.2B


IDC forecasts that cloud infrastructure spending will exceed $90 billion in 2022.

In Q1 2022, IDC discovered that spending on compute and storage infrastructure merchandise for cloud deployments – together with devoted and shared environments – elevated 17.2 p.c year-over-year to $18.3 billion.

The agency’s analysts observe the sturdy development is regardless of “tight provide of some system elements and disruptions in transportation networks.”

Devoted cloud infrastructure spending elevated a formidable 20.5 p.c year-over-year in Q1 2022 to achieve $5.9 billion. 47.8 p.c of the infrastructure was deployed on-prem.

Spending on shared cloud infrastructure additionally continues to develop healthily with $12.5 billion spent in Q1 2022, a 15.7 p.c year-over-year enhance. IDC expects spending on shared cloud infrastructure to surpass non-cloud infrastructure for the primary time in 2022.

General, IDC forecasts cloud infrastructure spending to develop 22 p.c in 2022 in comparison with 2021 to hit $90.2 billion.

Lengthy-term, the corporate expects spending on compute and storage cloud infrastructure may have a compound annual development fee of 14.5 p.c between 2021-2026 to achieve $145.2 billion.

(Photograph by Giorgio Trovato on Unsplash)

Need to study extra in regards to the cloud from trade leaders? Try Cyber Safety & Cloud Expo going down in Amsterdam, California, and London.

Discover different upcoming enterprise expertise occasions and webinars powered by TechForge right here.

Tags: , , , , , , , , ,

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

4 + 19 =

Most Popular

Recent Comments