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The forces behind enterprise cloud spending trends

Global spending on cloud infrastructure rebounded in the third quarter of 2021 after its first quarterly decline since the pandemic triggered a massive increase in cloud spending. According to researcher IDC, spending on cloud infrastructure environments increased 6.6% year on year to $18.6 billion in the third quarter of 2021.

When the pandemic loomed back in early 2020, many enterprises and technology companies planned huge reductions in IT spending, including cloud. However, most companies soon turned bullish on cloud’s role in the new normal of remote work and virtual cloud-based IT. They ended up being right. The main boost in cloud spending occurred in the second quarter of 2020, which saw 38.4% year-on-year growth.

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