Spending on cloud computing has increased in Q1 2021

A new study from the International Data Corporation (IDC) revealed that enterprise spending on cloud computing has increased in the first quarter of 2021.

Indeed, it was reported that spending on compute and storage infrastructure products for cloud infrastructure rose by 12.5% year over year during Q1 2021 to reach $14.1bn. Besides, investments in non-cloud infrastructure increased by 6.3% year over year to reach $13.5bn.

This should lead to growth on reliance on cloud platforms in the commercial, educational and social sectors as well also more business continuity and risk management. In the long run, this will also help drive digital transformation projects and increase the use of as-a-service delivery models.

Moreover, the study showed that spending on dedicated cloud infrastructure rose by 14.7% year over year last quarter to reach $4.8bn. It is also expected that cloud environments will continue to outpace non-cloud.