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Covid-19: Q1 cloud infrastructure spend at $31 bln on higher remote work access

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MUMBAI: Global technology giants Amazon Inc, Microsoft and Google continued to witness strong growth in the cloud infrastructure market during January-March as more and more establishments turned to remote access to work in the backdrop of covid-19 induced lockdowns. "Cloud infrastructure services spend hit yet another record in Q1 2020, growing 34% (YoY) to $31 billion.

Growth in cloud services was driven by organisations around the world moving to remote working as the COVID-19 pandemic hit.

As a result, enterprises sought rapid access to compute resources in the face of lockdowns and disruption," said a report by Canalys, an independent technology research firm.

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