A new report from Canalys revealed that spendings on cloud infrastructure increased immensely in the last quarter of 2020.
Indeed, as many businesses continue to invest in remote working services, there was a 32% year-on-year growth in cloud infrastructure spending in Q4 2020, with investment reaching $39.9bn.
Moreover, the study also noted a 10% quarter-on-quarter increase with important cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud, enjoying productive periods.
Amazon’s AWS was revealed to have been the most successful global cloud provider in 2020, with a 28% year-on-year growth to hit $12.7 billion in revenues. AWS is reported to have commanded 32% of the total cloud infrastructure spend, followed closely by Microsoft Azure at 20% and Google Cloud at 7%.
Therefore, the report showed that the overall cloud spending in Q4 2020 is at $142 billion, up from $107 billion in 2019.
