NEEDHAM, Mass.—Spending on compute and storage infrastructure products for cloud deployments, including dedicated and shared IT environments, increased 14.9% year over year in the first quarter of 2023 (1Q23) to $21.5 billion, according to the International Data Corporation.
IDC’s “Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment” found that spending on cloud infrastructure continues to outpace the non-cloud segment with the latter declining 0.9% in 1Q23 to $13.8 billion.
