Home / News / Cloud infrastructure spending grew 35% to $41.8B in Q1 2021

Cloud infrastructure spending grew 35% to $41.8B in Q1 2021

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World cloud products and services infrastructure spending grew to $41.eight billion in Q1 2021, a 35% year-on-year (YoY) upward push and five% quarter-on-quarter (QoQ) build up.

The figures, printed via analysis and analytics company Canalys, observe sizzling at the heels of the “large 3” public cloud corporations liberating their quarterly income knowledge. Amazon printed that its AWS cloud unit grew earnings via 32%, a significantly quicker tempo than many analysts had predicted, whilst each Microsoft’s “industrial cloud” and Google Cloud Platform (GCP) additionally reported speeded up expansion. Alternatively, it’s tricky to match those figures, for the reason that Microsoft and Google package their respective cloud-based application (i.e. Place of work and Google Workspace) along their server infrastructure for quarterly income stories.

Canalys defines “cloud infrastructure products and services” as corporations that supply each infrastructure-as-a-service and platform-as-a-service. Whilst it excludes direct software-as-a-service (SaaS) expenditure, it does come with earnings generated from the infrastructure products and services used to function them.

At 32%, AWS nonetheless leads the pack on the subject of public cloud infrastructure products and services spend, adopted via Microsoft’s Azure at 19% and Google Cloud at 7%.

It’s price noting that Q1 2021 used to be the primary time cloud infrastructure products and services spending handed the $40 billion mark in a given quarter, with real-term spending rising via just about $11 billion in comparison to the similar duration ultimate 12 months. The primary motive force in Q1, just like each and every quarter during the last 12 months, has been the pandemic-driven fast virtual transformation enveloping industries from development to native offline eateries. Additionally, far off paintings has performed a significant function in accelerating call for for products and services around the cloud conversation and collaboration house.

Ultimate week, Gartner predicted public cloud spending used to be heading in the right direction to achieve $332 billion in 2021, up 23.1% on ultimate 12 months’s $270 billion.

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