Enterprises spent more than $37 billion on cloud infrastructure services in the fourth quarter of 2020, according to data from Synergy Research Group. The results represent a $4 billion increase from the previous quarter and a 35% increase from the fourth quarter of 2019. Data further revealed that the full-year 2020 revenue for cloud infrastructure services hit $129 billion.
Chief Analyst at Synergy Research Group John Dinsdale commented that $4 billion jump from Q3 to Q4 added up to 2020 ending “with a bang for the could market.”
