IDC’s latest tracker has revealed that cloud spending rose by 12.5 percent year over year during Q1 to reach $14.1bn.
Enterprise spending on cloud computing saw a big boost during the first quarter of this year according to new data from the International Data Corporation ( IDC). In its latest tracker, the market intelligence firm revealed that spending on compute and storage infrastructure products for cloud infrastructure rose by 12.5 percent year over year during Q1 2021 to reach $14.1bn. Investments in non-cloud infrastructure meanwhile increased by 6.3 percent year over year to reach $13.5bn. As businesses around the world begin to return to the office and implement hybrid working policies, sectors of the economy that suffered the most revenue loss during the pandemic are returning to growth. According to IDC, a lasting impact on IT infrastructure will be an increased reliance on cloud platforms in the commercial, educational and social sectors while organizations will be more focused on business continuity and risk management.
