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Home > Cloud Computing > Cloud spending goes from 0 to $100bn in ten years

Cloud spending goes from 0 to $100bn in ten years

Erdem Yasar by Erdem Yasar
January 8, 2020
in Cloud Computing
2 min read
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According to Synergy Research Group’s results, annual spending on cloud infrastructure services has gone from virtually zero to almost $100 billion.

Synergy Research Group’s detailed review of enterprise IT spending over the last ten years shows that while enterprise spending on data center hardware and software has been stagnant through much of the decade, annual spending on cloud infrastructure services has gone from virtually zero to almost $100 billion. Over the whole decade, average annual spending growth for data center was 4% and that’s mostly because of the first three years, and for cloud services was 56%.

$97 billion

Synergy’s Q4 forecast for 2019 was based on actual spending between Q1 and Q3. According to the results, 2019 worldwide spending on data center hardware and software will be over $93 billion. Synergy also projects that 2019 worldwide spending on cloud infrastructure services will reach $97 billion. The highest growth rates over the decade were mainly within PaaS, especially database, IoT and analytics.

Cloud spending goes from 0 to $100bn in ten years 1

John Dinsdale, a Chief Analyst at Synergy Research Group said:

“The decade has seen a dramatic increase in computer capabilities, increasingly sophisticated enterprise applications and an explosion in the amount of data being generated and processed, pointing to an ever-growing need for data center capacity. However, over half of the servers now being sold are going into cloud providers’ data centers and not those of enterprises. Over the last ten years, we have seen a remarkable transformation in the IT market. Enterprises are now spending almost $200 billion per year on buying or accessing data center facilities, but cloud providers have become the main beneficiaries of that spending.”

Source: 1

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Tags: Synergy Research Group
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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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