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Spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, increased 12.5% year over year in the first quarter of 2021 (1Q21) to $15.1 billion, according to IDC. Investments in non-cloud infrastructure increased 6.3% year over year in 1Q21 to $13.5 billion. As the market and the world slowly begins to emerge from the COVID-19 pandemic, sectors of the economy that had suffered the most revenue loss are returning to … More
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Read the original article: Cloud infrastructure spending reached $15.1 billion in 1Q21