Tag CloudComputing

Cloud Infrastructure Spending Soars to New Heights in Q1 2024: Synergy Research Insights

Cloud market growth has bounced back strongly, with Q1 enterprise spending on cloud infrastructure services exceeding $76 billion worldwide. Major cloud providers like Amazon, Microsoft, and Google have seen significant growth, with public IaaS and PaaS services driving the market. The market is expected to continue expanding substantially, reaching $300 billion annually with a 21% growth rate.