After record $50 billion quarter, Cloud firms face chip constraints

New Delhi: Driven by remote working and learning, the global Cloud infrastructure services increased 35 per cent to record $49.4 billion in revenues in the third quarter (Q3) this year. However, the impact of the global chip shortage is imminent in the upcoming quarters.

Cloud services spending is still being affected by the digital transformation efforts required to maintain business continuity during the pandemic-related disruptions, according to a report by market research firm Canalys.