Cloud Infrastructure Spending Reached $73.9 Billion in 2021, IDC Calculates

Specialists of the analytical company IDC summed up the results of the fourth quarter of 2021 and the year as a whole in the cloud infrastructure equipment market. Counts include servers, storage, and Ethernet switches.

According to analysts, in the fourth quarter of 2021, $21.1 billion was spent on cloud infrastructure equipment in the world, which is 13.5% more than in the fourth quarter of 2020. This was the second quarter in a row when the said market grew in annual terms. IDC experts expect growth to continue in subsequent quarters.

Cloud Infrastructure Spending Reached .9 Billion in 2021, IDC Calculates

In general, over the year, spending on cloud infrastructure grew by 8.8% and reached $73.9 billion.

For comparison: spending on infrastructure that is not related to cloud computing in the fourth quarter increased by 1.5% compared to the same period in 2020, to $ 17.2 billion, and for the year as a whole – by 4.2% , to 59.6 billion dollars.

For 2022, IDC experts predict growth of 21.7%. If this forecast comes true, the market will be $90.0 billion this year. As for non-cloud computing infrastructure, spending on it in 2022 will decrease by 0.3%, to $59.4 billion.

Source: ixbt

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