Global spending on cloud jumps 33%, report says

Global spending on cloud jumps 33%, report says

Global spending on cloud jumps 33%, report says | Photo Credit: Reuters

Global spending on cloud services surged in the June-ending quarter, report said.

Research firm Canalys estimated that worldwide spending on cloud services in the June-ending quarter this year reached $62.3 billion, rising 33% from the same duration in the previous year.

(Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)

The growth was driven by demand for data analytics and machine learning, data center consolidation, application migration, cloud-native development and service delivery, Canalys noted.

“Most companies have gone beyond the initial step of moving a portion of their workloads to the cloud and are looking at migrating key services,” said Yi Zhang, research analyst in Canalys.

Amazon Web Services (AWS) was the leading cloud service provider in the June-quarter, followed by Microsoft Azure and Google.

These top three vendors, together accounted for 63% of global spending.

“The top cloud vendors are accelerating their partnerships with a variety of software companies to demonstrate a differentiated value proposition,” Zhang said.

Our code of editorial values

  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

Printable version | Aug 6, 2022 5:29:02 pm |