Global cloud spending saw a huge boom in Q1 2021 Google cloud services


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. This will likely help drive digital transformation initiatives and also increase the usage of as-a-service delivery models.
Moving away from non-cloud infrastructure
During the first quarter of this year, spending on shared cloud infrastructure increased by 11.6 percent year over year to reach $10.3bn. As a result, IDC expects shared cloud infrastructure spending to surpass non-cloud infrastructure spending in the near future.
Spending on dedicated cloud infrastructure also saw a huge increase of 14.7 year over year last quarter to reach $4.8bn with 45.5 percent with 45.5 percent of this figure deployed on-premises. However, IDC expects cloud environments to continue to outpace non-cloud throughout its forecast.
For the year, the firm forecasts that cloud infrastructure spending will grow by 12.9 percent to $74.6bn, non-cloud infrastructure spending will grow by 2.7 percent to $58.5bn following two years of declines and shared cloud infrastructure will grow by 12.2 percent year over year to %51.8bn.
When it came to spending on cloud infrastructure worldwide, Canada saw the highest growth rates (40.3%) followed by China (35%) and Asia/Pacific excluding Japan and China (28.8%). Meanwhile Western Europe grew by 10.8 percent, the US grew by 4.5 percent and Japan declined by 1.1 percent. At the vendor level, all major vendors grew their cloud infrastructure revenue with Lenovo (38.2%) and Huawei (37.9%) experiencing the highest growth rates though Dell Technologies took the the top spot with 2.4bn in revenue followed by HPE/H3C at .16bn and Inspur at 1.02bn.
IDC expects spending on compute and storage cloud infrastructure to have a compound annual growth rate of 11.3 percent over the 2021-2025 forecast period to reach $112.9bn in 2025.
Via IDC
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…
Recent Posts
- One of the best AI video generators is now on the iPhone – here’s what you need to know about Pika’s new app
- Apple’s C1 chip could be a big deal for iPhones – here’s why
- Rabbit shows off the AI agent it should have launched with
- Instagram wants you to do more with DMs than just slide into someone else’s
- Nvidia is launching ‘priority access’ to help fans buy RTX 5080 and 5090 FE GPUs
Archives
- February 2025
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- September 2018
- October 2017
- December 2011
- August 2010