Cloud spending boom shows no signs of slowing down


    We already know cloud computing is one of the most important industries globally and today IDC has the data to prove it.

    According to a new report (opens in new tab) from the analyst firm, spending on cloud storage and computing products, including dedicated and shared environments, rose by 13.5% year-over-year to $21.1 billion in the fourth quarter of 2021. 

    For the full year, cloud spending rose 8.8% over 2020 to a staggering $73.9 billion, while investment in non-cloud infrastructure rose 4.2% YoY to $59.6 billion. 

    IDC Cloud

    (Image credit: IDC)

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