Enterprise Spend On Cloud Up Sharply As World Biz Splashes $80B In Q2
The Register, Monday, August 5th, 2024
Plus: Oracle nudges to top of second tier providers
Enterprise spending on cloud infrastructure services continues to grow, now nearing $80 billion per quarter, with the big three continuing to dominate and Oracle emerging as leader of the second tier providers.
The second quarter of 2024 was a good one if you are a cloud operator, with enterprise customers upping their cloudy spend by $14.1 billion to $79.1 billion, an increase of 22 percent compared with a year ago.
These figures come from Synergy Research, which said this is the third consecutive quarter in which the year-on-year growth rate for the global cloud market has been north of 20 percent.