New data from Synergy Research Group has revealed a significant surge in cloud infrastructure service spend, with Q1 2024 not only setting a new high but also sending year-on-year growth rates on an upward trajectory.
The firm's report revealed global cloud spend surpassed $76 billion during the first three months of 2024, marking a substantial 21% year-over-year increase of $13.5 billion, and also the second quarter to have seen considerable year-on-year growth.
