Enterprise cloud infrastructure uptake shows no sign of slowing
Cloud revenue now north of $143 billion a quarter, and growth is accelerating
Cloud infrastructure services grew at their fastest for eight years during the second quarter of 2026, thanks to the AI craze and continued demand for flexible and scalable IT infrastructure.
According to the latest figures from Synergy Research, enterprise spending on cloud infrastructure passed $143 billion in Q2, a year-on-year growth rate of 43 percent. This followed 11 successive quarters of increasing growth rates, during which the market has now doubled in size.
Synergy says that total market revenues for the preceding 12 months add up to an impressive $500 billion. Public IaaS and PaaS platforms account for the bulk of this, and these expanded by 47 percent during Q2.
While cloud-based services have been growing at quite a decent rate for some time as organizations expand their IT using this route, the introduction of AI...
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