iTWire
Wednesday, 19 May 2021 08:53
US cloud services market spend hits record US$18.6b in 1Q2021
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Image by Mudassar Iqbal from Pixabay
Expenditure on cloud infrastructure services in the US grew by 29% in the first quarter of this year to US$18.6 billion (A$23.9 billion), the technology analyst firm Canalys says, adding that this was a record.
The company
said total spend had grown by US$4.2 billion in 2020 and by US$621 million in the final quarter of 2020. Dollar for dollar, the annual growth was the highest in two years.
This increase was attributed in large part to the digital transformation that had been undertaken by many organisations as a result of the pandemic.