Spending on cloud services is about to hit another key tipping point
as business customers spent $18.3 billion
on cloud computing and storage infrastructure in the first quarter
(Q1) of 2022, up 17.2% year over year.
The total includes budgets on shared and dedicated infrastructure
A major driver of growth was spending on shared cloud infrastructure,
which made up $12.5 billion (68%) of the total.
That sub-category was also up 15.7% compared to Q1 2021,