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

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk.

UK Targets Apple’s Grip on Contactless Payments

The competition watchdog proposes lower fees and easier access to Apple’s payment technology to help digital banks and fintech firms challenge Apple Pay, reports Asianlite News Desk. Britain’s competition regulator has proposed
Go toTop