Businesses across industries are increasingly shifting to the digital realm leading to a rising need for storage and the ability to access and process extensive data. This is where cloud computing comes in. Cloud computing is a network of remote servers hosted on the internet to store and retrieve data.
According to the International Data Corporation (IDC), compute and storage infrastructure products for cloud deployment spending increased 17.2% year-over-year in the first quarter of 2022 to reach $18.30 billion. IDC predicted cloud infrastructure spending this year to grow 22% compared to 2021 to $90.20 billion.
