Cloud infrastructure spending to grow 10.6% to reach $101.4 billion in 2023

As businesses seek to modernize and adapt to evolving needs, cloud infrastructure has become the preferred choice, promising scalability, efficiency, and agility in the digital era.

According to the IDC, spending on cloud infrastructure products for cloud deployments soared by a remarkable 7.9% year-over-year in the second quarter of 2023 (2Q23), reaching a staggering $24.6 billion.