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Home Cloud Cloud infrastructure spending to reach $90bn globally in 2022

Cloud infrastructure spending to reach $90bn globally in 2022

In the fourth quarter of 2021, spending on shared cloud infrastructure reached $14.4 billion, 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

Global cloud infrastructure spending in 2022 is set to reach $90 billion – 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.

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

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

“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.

In the fourth quarter of 2021, spending on shared cloud infrastructure reached $14.4 billion, 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.

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

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

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

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

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

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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