Follow us for updates
© 2021
Read the Story →

Internet is Life: Global Spending on Cloud Computing Hits Record $42B

The cloud is a winner, says industry tracker.
by Agence France Presse
Just now
Photo/s: Shutterstock

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.

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


Your Privacy Faces Risks in Tech-Infused New Normal Office

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.

Continue reading below ↓

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%  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.

Continue reading below ↓
Recommended Videos


Here are the Top Companies for Career Growth, Says LinkedIn

What Filipinos Look For in a Job: Security, Work-Life Balance

Reportr is now on Quento. Download the app on iOS and Android or visit the Quento website for more articles and videos from Reportr and your favorite websites.

Latest Headlines
Read Next
Recent News
The news. So what? Subscribe to the newsletter that explains what the news means for you.
The email address you entered is invalid.
Thank you for signing up to On Three, reportr's weekly newsletter delivered to your mailbox three times a week. Only the latest, most useful and most insightful reads.
By signing up to newsletter, you agree to our Terms of Service and Privacy Policy.