Cloud Spending Continues to Grow Based on Rising Prices: IDC
Spending on computer and storage infrastructure products for cloud deployments increased 14.9% worldwide year over year in Q1 to $21.5 billion, IDC reported Wednesday. Non-cloud spending declined 0.9% to $13.8 billion. The cloud infrastructure segment's unit demand was down 11.4%…
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in Q1, but average prices grew by 29.7%, IDC said. "Cloud infrastructure spending remains resilient in the face of macroeconomic challenges," said Kuba Stolarski, research vice president for IDC's Infrastructure Systems, Platforms and Technologies Group. "The segment is grappling with substantial price hikes and Q1 marked the second consecutive quarter of declining system unit demand,” Stolarski said: “Although the overall outlook for the year remains positive, its growth hinges on the expectation that volume will drive it.”