The analyst further predicts cloud infrastructure spending to total $74.6bn by the end of this year Global spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, increased 12.5 per cent year on year in the first quarter of 2021 to $15.1bn. According to figures from IDC, investments in non-cloud infrastructure grew 6.3 per cent in Q1 to $13.5bn. The analyst's data also found that spending on shared cloud infrastructure climbed 11.6 per cent year on year in Q1, reaching $10.3bn.