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Friday, March 29, 2024

Spending on cloud computing hits $42bn worldwide

Spending on “cloud infrastructure services” is up nearly $11 billion from the first three months of 2020

SAN FRANCISCO: A record-high $41.8 billion was spent on cloud computing in the recently ended quarter as businesses leaned heavily on the internet to survive the pandemic, market tracker Canalys said on Thursday.

Spending on “cloud infrastructure services” around the world was up nearly $11 billion from the first three months of last year, according to Canalys.

“Cloud emerged as a winner across all sectors over the last year, basically since the start of the Covid-19 pandemic and the implementation of lockdowns,” said Canalys research analyst Blake Murray.

“Organisations depended on digital services and being online to maintain operations and adapt to the unfolding situation.”

Despite large-scale…

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