Cloud investment "expected to continue" indefinitely after strong start in 2024, experts suggest
Briefly

from Cloud Pro8 months ago
Already we've seen growth accelerating in 2024, and we're projected this to continue through 2025 as enterprises integrate generative AI into their technology portfolio," Singh told ITPro.
Cloud Prohttps://www.itpro.com/cloud/cloud-computing/cloud-investment-expected-to-continue-indefinitely-after-strong-start-in-2024-experts-suggest
"New markets and opportunities continue to develop around sovereignty, ethics, privacy and sustainability," he added.
Cloud Prohttps://www.itpro.com/cloud/cloud-computing/cloud-investment-expected-to-continue-indefinitely-after-strong-start-in-2024-experts-suggest
The cloud market grew significantly over the last year with enterprise spending on cloud infrastructure services reaching over $76 billion globally for Q1 2024, according to data from Synergy Research Group.
Cloud Prohttps://www.itpro.com/cloud/cloud-computing/cloud-investment-expected-to-continue-indefinitely-after-strong-start-in-2024-experts-suggest
Hyperscalers continue to dominate the sector, with AWS maintaining a strong lead at 31% market share and Microsoft and Google Cloud following at 25% and 11% respectively.
Cloud Prohttps://www.itpro.com/cloud/cloud-computing/cloud-investment-expected-to-continue-indefinitely-after-strong-start-in-2024-experts-suggest
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#cloud-computing-market #generative-ai #sustainability #enterprise-spending #hyperscalers
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