Beancounters at IDC claim that global compute and storage infrastructure product investments for cloud deployments grew 22.4 percent in the second quarter of 2022 to $22.6 billion.
According to IDC, spending on cloud infrastructure continues to outgrow the non-cloud segment although the latter had strong growth in the second quarter rising 15.2 percent year on year to $17.3 billion.
Spending on shared cloud infrastructure reached $15.6 billion during the quarter, up 18.9 percent compared to a year ago.
IDC said it expects to see continuous strong demand for shared cloud infrastructure with spending expected to surpass non-cloud infrastructure spending in 2023.
The dedicated cloud infrastructure segment surged 30.9 percent in the second quarter to $7 billion.
More than 46.3 percent of cloud infrastructure was deployed on customer premises.
IDC data found that service providers spent $22.6 billion on compute and storage infrastructure, up 19.7 percent from the second quarter 2021. This spending accounted for 56.7 percent of the market.
