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Global cloud infrastructure spend hits $62.3bn during Q2 2022

August 2, 2022


Demand for cloud infrastructure services continues to go from strength to strength, with global market data from Canalys revealing a 33% year-on-year rise in spending in this area to $62.3bn during the second quarter of 2022.

The analyst house said cloud infrastructure spending was being sustained by a mix of factors, including demand for data analytics and machine learning technologies, as well as datacentre consolidation projects and enterprises looking to migrate more of their workloads and applications to the public cloud.

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