According to a study by IDC, worldwide spending on computing and storage for cloud infrastructure has increased by 12.5% for the first quarter of 2021.
Indeed, the adoption of cloud computing has grown significantly over the last decade, with investments in cloud infrastructure and the demand for cloud services from customers increasing rapidly. The report shows that spending on computing and storage cloud infrastructure will likely reach $112.9bn in 2025, which would account for 66% of the total.
Hence, this reveals that the demand for cloud is growing more important than for non-cloud infrastructure. Yet, many believe that the cloud won’t entirely replace on-premise infrastructure as companies are likely to keep mission-critical services operating on infrastructure so that they can control it better.