Global Cloud Services User Spending to Jump 18% YoY and Hit $305B in 2021.

Recent years have witnessed a surge in the use of cloud computing, with billions of private and business users taking advantage of the on-demand technology.

However, with people spending more time indoors and online, the COVID-19 has fuelled the growth of the entire market and led to an impressive increase in global demand for cloud services.

According to data presented by AksjeBloggen.com, global cloud services user spending is set to reach $257.5bn in 2020, a 6% increase in a year. The strong upward trend is expected to continue next year with user spending growing by 18% YoY to $305bn in 2021.

User Spending Jumped Almost 50% in Five Years. Examples of cloud computing use can be found practically everywhere, from messaging apps, streaming services to chatbots or lending platforms.

Billions of people use cloud storage to manage and store private data. However, its ability to provide access to computing power that would otherwise be extremely expensive has seen cloud computing technology spread widely in the business sector, also.

The Gartner survey revealed that over 60% of respondents from industries worldwide stated that their organization was currently running apps using Amazon Web...

To continue reading

Request your trial