Jan, 2025 : IDC: Cloud Infrastructure Spending Hits $57.3B in Q3 2024


IDC: Cloud Infrastructure Spending Hits $57.3B in Q3 2024

📅 - Spending on compute and storage infrastructureproducts for cloud deployments, including dedicated and shared IT environments, climbed 115.3% year over year to $57.3 billion in the third quarter of 2024, according to the International Data Corporation's (IDC) Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment.

Cloud infrastructure spending is still outpacing non-cloud spending, which increased 28.6% to $19.6 billion in 3Q24. As a result of ASPs (application service providers) continuing to rise, mostly owing to the exponential growth in GPU server sales, the cloud infrastructure sector had a lower growth in unit demand of 15.6%.

The surge in expenditure on [...][... Check source for end of article ...]
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