Spending on Compute and Storage Cloud Infrastructure Continues Strong Growth as Supply Chain Delivery Improves in the Third Quarter of 2022, According to IDC
Spending on shared cloud infrastructure reached $16.8 billion in the quarter, increasing 24.4% compared to a year ago.
- Spending on shared cloud infrastructure reached $16.8 billion in the quarter, increasing 24.4% compared to a year ago.
- IDC expects to see continuous strong demand for shared cloud infrastructure with spending expected to surpass non-cloud infrastructure spending in 2023.
- For the full year 2022, IDC is forecasting cloud infrastructure spending to grow 19.6% year over year to $88.1 billion – a noticeable increase from 8.6% annual growth in 2021.
- IDC tracks various categories of service providers and how much compute and storage infrastructure these service providers purchase, including both cloud and non-cloud infrastructure.