Cloud Infrastructure Spending Continues Growth, Non-Cloud Declines: IDC

Global spending on compute and storage infrastructure products for cloud deployments increased 7.9% year over year in Q2 to $24.6 billion, IDC reported Monday. Non-cloud spending declined 8.3% Q2 to $14.4 billion, IDC said. "Cloud infrastructure spending is shifting towards robust configurations geared towards more complex workloads and new AI initiatives," said Juan Pablo Seminara, research director with IDC's Worldwide Enterprise Infrastructure Tracker: "Despite the steep decline in system unit demand for the first half of the year, the spending outlook for 2023 remains positive with growth centered on the expectation that higher [average selling prices] will remain for the rest of the year."