Cloud infrastructure spending jumped to $18.6B in 3Q21

According to the International Data Corporation (IDC), spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, increased 6.6% year over year in the third quarter of 2021 (3Q21) to $18.6 billion. This increase resumes the trend of net positive year-over-year spending growth per quarter, which saw a pause in the second quarter of 2021 when spend decreased 1.9%. This follows seven quarters of year-over-year spending growth that started in … More →

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