Cloud infrastructure spend hit $18.6bn in Q3, IDC claims

The analyst’s figures show pandemic spending was boosted by a spike in investments in cloud services and infrastructure to enable businesses to adapt to hybrid working

Kelsey Rees
clock • 2 min read
Cloud infrastructure spend hit $18.6bn in Q3, IDC claims

Spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, rose 6.6 per cent in the third quarter of 2021 to $18.6bn. The data...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
PC market shows signs of recovery with third consecutive quarter of growth

Research

AI buzz and commercial demand is driving global PC market rebound

clock 10 July 2024 • 2 min read
European AI and genAI market set to nearly triple by 2027 - IDC

Research

Europe represents around one-fifth of the global AI market according to the study

clock 22 March 2024 • 3 min read
Semiconductor market will bounce back in 2024, says IDC

Research

Market drivers include AI, high-performance computing and stable smartphone and PC sales

clock 21 December 2023 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.