Cloud computing is about to hit another big milestone

Spending on cloud services is about to hit another key tipping point

as business customers spent $18.3 billion

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on cloud computing and storage infrastructure in the first quarter

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(Q1) of 2022, up 17.2% year over year.

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The total includes budgets on shared and dedicated infrastructure

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A major driver of growth was spending on shared cloud infrastructure,

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which made up $12.5 billion (68%) of the total.

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That sub-category was also up 15.7% compared to Q1 2021,

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