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Home > Cloud Computing > Cloud infrastructure spend increased by a third in 2020

Cloud infrastructure spend increased by a third in 2020

For full-year 2020, total cloud infrastructure services spending grew 33% to US$142 billion, up from US$107 billion in 2019, according to Canalys data.


Seda Nur Cinar Seda Nur Cinar
February 3, 2021
1 min read
Cloud infrastructure spend increased by a third in 2020

Cloud infrastructure services spending increased 32% to US$39.9 billion in the last quarter of 2020. Total expenditure was over US$3 billion higher than the last quarter and nearly US$10 billion more than Q4 2019 according to Canalys data.

AWS, Microsoft Azure, Google Cloud are in the top 3

While Amazon Web Services (AWS) was the leading cloud service provider again in Q4 2020, with 31% of total spend, Microsoft’s Azure was standing in second place. Its growth rate accelerated once again, up by 50% to boost its market share in the global cloud services market to 20%. Google Cloud was the third largest cloud service provider in Q4 2020, with a 7% share.

Canalys data

With 58% growth in Q4 2020, Google Cloud pushes its ‘open cloud’ strategy emphasizing sovereignty, sustainability and multi-cloud management, and maintains a focus on its six target vertical industries.

Canalys Chief Analyst Alastair Edwards said,

Canalys Chief Analyst Alastair Edwards
Alastair Edwards, Chief Analyst, Canalys

“Organizations are turning to trusted business partners to advise, implement, support and manage their cloud journeys, and articulate the real business value of cloud migration. As organizations start to consider moving more mission-critical workloads to the cloud, they will look to partners to define the right cloud platforms and strategies, as well as solve the most pressing issues around cost management, security, sovereignty and hybrid IT integration.”

See more Cloud Computing News


Tags: Canalys
Seda Nur Cinar

Seda Nur Cinar

Seda Nur Cinar is the news editor of the Cloud7 News. With more than 8 years of Linux and cloud experience, Seda is a Linux and opensource enthusiast, security researcher and a web application developer.

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