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Global cloud revenues jump 20% to USD 187 bln in H1 - study

Monday 21 September 2020 | 11:58 CET | News
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Cloud ecosystem revenues in the first half of this year jumped 20 percent from the year before to USD 187 billion, according to the latest study from Synergy Research Group, which said it saw relatively few negative impacts from the coronavirus pandemic. In general, cloud-associated markets are growing at 10 percent to well over 40 percent, the researchers noted, saying they expect annual spending on cloud services to double over the coming four years. "In case anyone was still in doubt, cloud is increasingly dominating the IT landscape," SRG said.

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