According to the IDC Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment, spending on compute and storage infrastructure products for cloud deployments increased 18.5% year over year in Q4 2023 to $31.8 billion.
Germany held the maximum share in the market owing to digital transformation strategies, the adoption of cloud computing by enterprises, IoT, AI, implementation of GDPR, and COVID-19.
Independent of all public cloud vendors, HyperCloud enables IT generalists to build and operate highly sophisticated hybrid and/or multi-cloud infrastructures that operate with a level of reliability, availability, elasticity, and serviceability previously available only to hyperscale cloud builders with specialist skills and access to large engineering teams.
With the past year defined by remote workforces, virtual collaboration, and unprecedented change, it’s not surprising that more companies are finally making the move to public clouds to improve efficiencies and accelerate digital transformation.
Among the European cloud providers, Deutsche Telekom is the leader, accounting for 2% of the European market, followed by OVHcloud, Orange, and a long list of national telcos and regional cloud and hosting specialists.