Of all the effects COVID-19 has had on the global economy, the growth of the cloud computing market was certainly an unexpected one. Gartner released research in July forecasting the cloud computing market to grow by 6.3 percent in 2020, with the biggest spend going to cloud applications, cloud infrastructure services and cloud application services. IDC has found that cloud budgets reached $14.1 billion during Q2 2020, surpassing the amount spent on traditional IT for the first time.

The reason for this unexpected growth is that in a world with social distancing and the need to shelter-in-place, enterprises must rely more heavily on virtual infrastructure to deliver services to customers, and less so on physical, brick-and-mortar infrastructure. By extension, COVID-19 has meant that previous approaches to IT are either no longer able to deliver results quick enough, or even possible to manage given the difficulty around getting hardware through supply chains and into the hands of socially distanced IT professionals. Instead, cloud computing offers faster deployment and simpler scaling.



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