Worldwide cloud service spending to grow by 19% in 2025

In Q4 2024, global cloud infrastructure services spending rose 20% year on year to US$86 billion. For full-year 2024, spending also grew 20%, up from US$267.7 billion in 2023 to $321.3 billion in 2024.  The key driver behind this growth was the expansion of AI models, which significantly accelerated cloud adoption. By the second half of 2024, the top cloud vendors all reported positive returns on AI investments, with AI applications having a notable impact on their overall cloud business pe