April 5, 2022
1 min read

Global cloud infrastructure spending set to reach $90 bn

Japan grew in the high single digits, while Western Europe grew in the low single digits…reports Asian Lite News

The global cloud infrastructure spending is set to reach $90 billion in 2022 — a 21.7 per cent growth compared to 2021, while non-cloud infrastructure is expected to decline slightly, down 0.3 per cent to $59.4 billion, according to an IDC report.

In 2021, the cloud infrastructure spending reached $73.9 billion, up 8.8 per cent over 2020. In Q4 2021, it increased 13.5 per cent (year over year) to reach $21.1 billion.

This marked the second consecutive quarter of year-over-year growth as supply chain constraints have depleted vendor inventories over the past several quarters.

“As backlogs continue to grow, pent-up demand bodes well for future growth as long as the economy stays healthy, and supply catches up to demand,” said the IDC.

Spending on shared cloud infrastructure reached $14.4 billion in the fourth quarter of 2021, increasing 13.9 per cent compared to a year ago, and grew to $51.4 billion for 2021, an increase of 7.5 per cent.

IDC expects to see continuously strong demand for shared cloud infrastructure with spending expected to surpass non-cloud infrastructure spending in 2022.

In 2022, shared cloud infrastructure spending is expected to grow 25.5 per cent (on-year) to total $64.5 billion while spending on dedicated cloud infrastructure is expected to grow 13.1 per cent to reach $25.4 billion in 2022.

At the regional level, year-over-year spending on cloud infrastructure in Q4 2021 increased in most regions. Asia/Pacific (excluding Japan and China) grew the most at 59.5 per cent.

Japan grew in the high single digits, while Western Europe grew in the low single digits.

Long term, IDC expects spending on compute and storage cloud infrastructure to have a compound annual growth rate (CAGR) of 12.6per cent over the 2021-2026 forecast period, reaching $133.7 billion in 2026 and accounting for 68.6 per cent of total compute and storage infrastructure spend.

ALSO READ-TikTok becomes top grossing non-game app in Q1 2022

Previous Story

IBM unveils new system to analyse real-time transactions

Next Story

Elections in 3 months not possible, says poll body

Previous Story

IBM unveils new system to analyse real-time transactions

Next Story

Elections in 3 months not possible, says poll body

Latest from Business

Airbus delivers first jet from new China line

Airbus has delivered the first A320neo from its second Tianjin assembly line, expanding production capacity as China’s aviation market continues to grow, reports Asian Lite News Desk Airbus has delivered the first

Hong Kong retains global finance crown in Asia

Hong Kong retains third place in the latest global financial centres index, leading Asia-Pacific while ranking first worldwide in fintech and financial sector development, reports Asian Lite News Desk Hong Kong has

Oracle cuts jobs as AI spending surges

The move follows a substantial reduction in Oracle’s workforce during the company’s latest financial year. Company filings show that its employee count fell by around 21,000, or 13 per cent, during the

India Remittances Surge Over Decade

Digital connectivity has strengthened these links by allowing migrants to share knowledge and expertise remotely while continuing to work and remain economically active overseas…reports Asian Lite News Desk India’s remittance economy has

Apple Bundles TV, Arcade With iCloud+

Apple said the expanded iCloud+ package will roll out in more than 100 countries and regions through the end of September Apple has expanded its technology and subscription ecosystem in India with
Go toTop