IDC Cloud infrastructure spending is expected to exceed $90 billion in 2022.
IDC in Q1 2022 found Spending on computing and storage infrastructure products for cloud use, including dedicated and shared environments, rose 17.2 percent year-over-year to $18.3 billion.
The company’s analysts noted strong growth despite “disruptions in the supply and transportation network of some system components.”
Spending on dedicated cloud infrastructure rose 20.5 percent year-over-year to $5.9 billion in the first quarter of 2022. 47.8% of the infrastructure has been placed on site.
Spending on shared cloud infrastructure also continues to grow healthily, with $12.5 billion spent in Q1 2022, a 15.7 percent year-over-year increase. IDC expects it to surpass non-cloud infrastructure spending for the first time in 2022.
Overall, IDC predicts that cloud infrastructure spending will grow 22 percent to $90.2 billion in 2022 compared to 2021.
Over the long term, the company estimates that spending on cloud computing and storage infrastructure will grow at a compound annual growth rate of 14.5 percent to reach $145.2 billion between 2021 and 2026.
Want to learn more about the cloud from industry leaders? Check Cyber Security and Cloud Expo Taking place in Amsterdam, California and London.
Explore other upcoming enterprise technology events and webinars sponsored by TechForge here.