Synergy Research, a company specializing in market analysis for the networking and telecommunications industry, revealed that spending on Cloud Infrastructure services grew by 33 percent in the second quarter of 2020, with total investment of about $30.5 billion (up $7.5 billion from the same period last year).
The growth of this market, composed essentially of the combination of IaaS, PaaS and Hosted Private Cloud services, confirms not only a particularly positive trend for the cloud (more and more enterprises feel the need to integrate cloud technologies to support their already proven information systems) but also that Covid containment regulations have further prompted companies to opt, quickly, for major investments in IT infrastructure in order to maintain high productivity throughout the organization and simultaneously foster Smart Working.
