Shared Cloud Infrastructure Spending Driving Growth in Overall Enterprise Infrastructure Spending in the Third Quarter of 2023, According to IDC
Spending on shared (public) cloud infrastructure reached $18.5 billion in the quarter, increasing 7.2% compared to a year ago.
- Spending on shared (public) cloud infrastructure reached $18.5 billion in the quarter, increasing 7.2% compared to a year ago.
- The shared cloud infrastructure category continues capturing the largest share of spending compared to dedicated deployments and non-cloud spending, accounting for 45.9% of total infrastructure spending in 3Q23.
- For 2023, IDC is forecasting cloud infrastructure spending to grow 9.7% compared to 2022 and totaling $100.6 billion for the year.
- Shared cloud infrastructure spending will account for 70.5% of the total cloud spending in 2027, growing at a 11.1% CAGR and reaching $107.1 billion.