In 2019, a total of $ 107 billion was spent on cloud computing infrastructure services worldwide. One-third of cloud computing spending increased by 37 percent compared to 2018 was made by AWS, the cloud computing division of Amazon.
While all industry sectors continue to be digitalized, it was announced how much companies spent for cloud computing infrastructure services worldwide in 2019. According to Canalys’ report, a total of $ 107 billion was spent for cloud computing in 2019. Expenditures in 2019 increased by 37 percent compared to the previous year. In addition, one third of this $ 107 billion belongs to AWS, the cloud computing division of Amazon.
While investment in cloud-based services such as Infrastructure for Service (IaaS), servers, storage is increasing, experts at Canalys expect this increase to continue over the next 5 years. According to Canalys’ estimate, total expenditures on cloud infrastructure services will reach $ 284 billion in 2024.
Technology willingness to become a company
Canalys’ chief analyst, Alastair Edwards, points to the fact that companies providing services in the field of technology want to transform into companies that provide technology now, from financial services to the healthcare sector, as a result of this increase in investments in cloud computing infrastructure. Noting that most companies use a combination of multiple cloud and hybrid IT models, the analyst notes that the power of cloud service providers and the different computing operating environments required for different types of workload is noticed.
While the spending on AWS cloud infrastructure was $ 34.6 billion in 2019, this figure was $ 25.4 billion in 2018. Amazon’s market share in cloud computing increased from 32.7 percent to 34.6 percent. Microsoft Azure took second place in spending with $ 18.1 billion. Azure’s spending in 2018 was $ 11 billion, and its market share increased from 14.2 to 16.9. Spending for the third place Google Cloud is $ 6.2 billion. The amount of spending in 2018 was $ 3.3 billion.
On the other hand, Edwards draws attention to the importance of channel partners for cloud computing in the future. According to the analyst, data and workload security will become important along with application strategies, business process integration, optimizing user experiences, governance and compatibility as cloud usage increases.
Cloud computing means that information processing services such as server, storage, database, network, software, analysis and machine intelligence are offered to users for use over the internet (‘cloud’). Cloud computing lowers cost while increasing speed, efficiency and scaling. Data backup becomes more economical, while performance increases are noteworthy.