Spending On Shared Cloud Infrastructure To Overtake Non-cloud Spending In 2022

Share post:

According to tech analyst IDC, spending on shared infrastructure is expected to overtake non-cloud spending in 2022.

For the full year 2022, IDC forecasts a 22% increase in spending on cloud infrastructure compared to 2021, reaching $90.2 billion. Although this is the highest annual growth rate since 2018, spending on traditional IT infrastructure is expected to increase by 1.8% to $60.7 billion.

At a regional level, IDC expects annual growth in cloud infrastructure spending in the range of 20% to 25% in Asia Pacific/Japan, China, the U.S., and Western Europe. However, Russia’s attack on Ukraine will reduce spending in Central and Eastern Europe to 54% in 2022.

Analysts expect total computing and storage cloud infrastructure spending to grow at an annual growth rate (CAGR) of 14.5% between 2021 and 2026. It forecasts spending to reach $145.2 billion in 2026, when it accounts for 69.7% of total computing and storage infrastructure spending.

Spending on non-cloud infrastructure is expected to increase by 1.2% to $63.1 billion by 2026.

While spending on cloud infrastructure accelerated during the pandemic, several factors are also contributing to this growth. These factors include greater purchasing of cloud-delivered infrastructure, inflation, and the gradual recovery of the world’s snarled supply chains and logistics networks.

The sources for this piece include an article in ZDNet.


Related articles

Target’s new AI is aimed at employees

Target is introducing a new generative artificial intelligence tool aimed at enhancing the efficiency of its store employees...

The good and the bad of AI generated code

Generative AI tools are transforming the coding landscape, making both skilled and novice developers more efficient. However, the...

Global data breach crisis: Are Santander and Ticketmaster victims of massive cyberattacks linked to Snowflake compromise?

Santander Bank and Ticketmaster have fallen prey to extensive data breaches orchestrated by the notorious hacker group, ShinyHunters....

Starlink’s evolution making it less “TCP/IP friendly”

The rapid evolution of Starlink's satellite internet presents significant challenges for traditional Transmission Control Protocol (TCP), according to...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways