Spending on cloud computing hits $42bn worldwide

Spending on cloud computing hits $42bn worldwide

Spending on
Spending on "cloud infrastructure services" is up nearly $11 billion from the first three months of 2020

SAN FRANCISCO: A record-high $41.8 billion was spent on cloud computing in the recently ended quarter as businesses leaned heavily on the internet to survive the pandemic, market tracker Canalys said on Thursday.

Spending on "cloud infrastructure services" around the world was up nearly $11 billion from the first three months of last year, according to Canalys.

"Cloud emerged as a winner across all sectors over the last year, basically since the start of the Covid-19 pandemic and the implementation of lockdowns," said Canalys research analyst Blake Murray.

"Organisations depended on digital services and being online to maintain operations and adapt to the unfolding situation."

Despite large-scale spending on cloud in the past year, most businesses have yet to make the "digital transformation," according to Murray.

The analyst expected "migration" to the cloud to continue as confidence in the economy improves, and postponed projects to take on new life.

Amazon Web Services was the leading cloud service provider in the quarter, accounting for 32% of the market, according to Canalys.

Microsoft's Azure platform was second with 19 percent of the market, while Google Cloud had a 7% market share.

Each of the rivals saw their cloud businesses grow, contributing to blockbuster overall earnings reported this week.

Do you like the content of this article?
COMMENT (1)

Undammed, undimmed: the battle for Europe's last untamed river

TIRANA: Cutting into craggy mountains, meandering through plains and eventually hitting Albania's shimmering Adriatic, the Vjosa river's untouched landscapes are a national treasure, but one that is under imminent threat.

15:34

Japan to expand virus emergency as 350,000 sign 'Cancel Olympics' petition

TOKYO: Japan's government was expected to widen a virus state of emergency on Friday, just 10 weeks before the Tokyo Olympics, as campaigners submitted a petition with more than 350,000 signatures urging the Games be scrapped.

14:45

Players announce plan to keep All Blacks in Kiwi hands

WELLINGTON: New Zealand's Rugby Players' Association unveiled a funding proposal on Friday designed to keep the legendary All Blacks in Kiwi hands, sparking a furious reaction from administrators who are pursuing a deal with US investors.

14:45