Accelerated AI-related investments drive shared cloud infrastructure spending growth, according to the International Data Corporation (IDC)Â Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment
"Cloud infrastructure spending growth continues being driven by the explosion of AI-related investments, which not only impact servers but also started to have a positive influence on enterprise storage," Juan Pablo Seminara, research director Worldwide Enterprise Infrastructure Trackers, said.
"Hyperscalers, Digital Service Providers, and major Cloud Service Providers are the ones that keep pushing the growth and that will continue to have a positive impact on the market during 2024 and 2025. And the improved economic prospects will help to extend the positive mood even further," Seminara continued.
Shared cloud infrastructure spending
The IDC report revealed that spending on shared cloud infrastructure skyrocketed to $35.3 billion in the second quarter of 2024, marking a staggering 74.9% increase from the previous year.
The shared cloud infrastructure category captured the largest share of spending (56.6%) compared to dedicated deployments and non-cloud spending.
Forecasts
IDC projects growth in spending on cloud infrastructure (48.8% compared to 2023 to $164.0 billion), non-cloud infrastructure (11.7% to $67.5 billion), shared cloud infrastructure (57.9% year over year to $131.9 billion), and dedicated cloud infrastructure (20.4% to $32.1 billion for the full year).
Additionally, non-cloud infrastructure is forecasted to grow at 11.7% in 2024.
IDC reports that the fastest-growing regions with year-over-year spending on cloud infrastructure in 2Q24 were Asia/Pacific (excluding Japan and China) (110.7%) and Japan (98.1%).
