'Digital Transformation' Spurs 29% Cloud Spending Hike: Canalys
U.S. cloud infrastructure spending rose 29% in Q1 to a record $18.6 billion on “digital transformation” spurred by the COVID-19 pandemic, reported Canalys Tuesday: Increases were also fueled by economic recovery and restarting delayed projects. The U.S. had 44% of…
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global spending; China was 15%. Amazon Web Services, Microsoft Azure and Google Cloud accounted for 69% of total spending. The relevance of digital services is increasing due to remote working and learning, content streaming, gaming and e-commerce, it said, and enterprise digital transformation is returning “with renewed economic confidence.” There's a proposed $1 billion Technology Modernization Fund (see 2104090041), it noted.