TECH

2021 saw a major cloud spending surge

The end of last year saw cloud providers resume spending big on compute and storage infrastructure after a cooldown in the middle of the year that occurred from overprovisioning at the beginning of the pandemic according to new data from IDC.

As reported by The Register, the market intelligence firm has released its latest tracker covering buyer and cloud deployment which shows that spending on compute and storage infrastructure products increased to $18.6bn during Q3 of 2021.

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