Global Cloud Market Hits $42B in Q2

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Demand for cloud computing services prompts huge quarterly investments in data center infrastructure.

www.eetasia.com, Aug. 05, 2021 – 

To get a sense of just how fast the global cloud market is growing, one recent estimate finds that enterprise cloud consumption rose during the second quarter for the fourth consecutive quarter.

That level of annual growth "is unusual for such a large, high-growth market," notes market tracker Synergy Research Group.

If the trend continues, and other analysts predict there is no reason to believe otherwise, the enterprise cloud market will come to resemble pyrocumulus clouds hovering over the wildfire-ravaged northwest United States.

Synergy Research reported last week that the global cloud market ascended to $42 billion in the second quarter, a $2.7 billion increase over the previous quarter and an impressive 39-percent jump from the same three-month period last year.

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