Canalys: Cloud infrastructure spending grew 32% to $39 billion in Q4 2020
Published 12/02/2021
The global cloud services infrastructure market grew to $39.9 billion in Q4 2020, a 32% year-on-year (YoY) increase and 10% quarter-on-quarter (QoQ) increase. The figures from Canalys come in a seven-day period when the “big three” cloud providers revealed their quarterly earnings, with Amazon’s AWS, Microsoft’s Azure, and Alphabet’s Google Cloud reporting record sales, though growth slowed in some cases.