Global public cloud Q1 revenue cracks $126B
Operator and vendor revenues in the global public cloud market reached US$126 billion during the first quarter of 2022, a year-on-year increase of 26 per cent.
Operator and vendor revenues in the global public cloud market reached US$126 billion during the first quarter of 2022, a year-on-year increase of 26 per cent.
Global spending on cloud infrastructure services grew by 34 per cent to over US$50 billion during the first three months of 2022 to March, multiple research firms claim.
Infrastructure services are spearheading a soaring cloud ecosystem market as global revenue for the first half of 2021 hit US$235 billion.
The Asia Pacific region is set to overtake North America to become the largest regional colocation market by 2022, despite being labelled as “fragmented”.
Operator and vendor revenue for seven market segments for cloud services and infrastructure surpassed US$150 billion in the first half of 2019.