Global spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, increased 12.5 percent year on year in the first quarter of 2021 to $15.1 billion.
Beancounters from IDC have added up some numbers and reached the conclusion that investments in non-cloud infrastructure grew 6.3 percent in the first quarter to $13.5 billion.
The analyst’s data also found that spending on shared cloud infrastructure climbed 11.6 percent year on year in the first quarter, reaching $10.3 billion.
IDC added it expects shared cloud infrastructure spending to surpass non-cloud infrastructure spending in the near future.
The analyst predicts cloud environments to continue to outpace non-cloud throughout its forecast.
IDC claims that, with healthy first-quarter results and the overall infrastructure market beginning to recover from the pandemic, cloud infrastructure spending will rise 12.9 percent to $74.6 billion by the end of 2021, while non-cloud infrastructure is expected to grow 2.7 percent to $58.5 billion after two years of decline.
Shared cloud infrastructure, is expected to jump by 12.2 percent to $51.8 billion for the full year. Spending on dedicated cloud infrastructure is expected to increase 14.7 percent to $22.7 billion for the full year.
Western Europe grew 10.8 percent, the US grew 4.5 percent, and Japan declined 1.1 percent. At the vendor level, all major players grew their cloud infrastructure revenue in first quarter, with the highest growth rates belonging to Lenovo (38.2 percent) and Huawei (37.9 percent).
