Cloud Spending Projected To Grow 19% This Year On Back Of Strong 2024
ITPro, Friday, February 21st, 2025
Global cloud spending is rising again - and AI is a key factor in this latest surge
Cloud spending went from strength to strength in 2024, with enterprises globally ramping up investment - and Canalys expects more of the same in 2025.
The analyst firm predicts that spending on global cloud infrastructure services will grow by 19% this year, following on from a strong 2024 Q4 that saw spending rise by 20% year-on-year to $86 billion.
Spending also grew by 20% for FY 2024, up from $267.7 billion in 2023 to $321.3 billion in 2024, with the key driver behind growth being the expanded use of AI models necessitating cloud adoption.