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)

No need for jab to be approved by WHO, says FDA

The Food and Drug Administration (FDA) has confirmed that each country has the right to register Covid-19 vaccines that will be used by their people without relying on a vaccine list approved by World Health Organisation (WHO).

08:06

99 of 100 cities most at risk environmentally in Asia

PARIS: Of the 100 cities worldwide most vulnerable to environmental hazards all but one are in Asia, and four-fifths are in India or China, according to a risk assessment published Friday.

07:45

Panic buying shuts down US gas stations as pipelines begin to reopen

WASHINGTON: The major US pipeline network forced offline by a cyber attack began to reopen Wednesday, its operator said, after a five-day shutdown prompted motorists to frantically stock up on gasoline and some gas stations on the US east coast to close.

07:45