Shelling out for cloud computing hits $42 bil worldwide
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, according to market tracker Canalys.
Spending on "cloud infrastructure services" around the world was up practically $11 billion from the first three months of last year, according to Canalys.
"Cloud emerged as successful 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. "Organizations depended on digital services and being online to maintain operations and adapt to the unfolding situation."
Despite large-scale shelling out for cloud in the past year, most businesses have yet to help make the "digital transformation," according to Murray.
The analyst expected "migration" to the cloud to keep as confidence in the economy improves, and postponed projects to take on new life.
Amazon Web Services was the leading cloud company in the quarter, accounting for 32 percent of the market, according to Canalys.
Microsoft's Azure platform was second with 19 percent of the marketplace, while Google Cloud had a 7 percent market share.
Each one of the rivals saw their cloud businesses grow, adding to blockbuster overall earnings reported this week.
Source: japantoday.com
