Enterprise cloud infrastructure uptake shows no sign of slowing

Enterprise cloud infrastructure spending reached $143 billion in Q2 2026, growing 43% year-on-year driven by AI adoption and demand for scalable IT solutions. Public IaaS and PaaS platforms grew 47%, with AI-specific cloud services surging 165%. AWS, Azure, and Google Cloud dominate 67% of the market, while tier-two providers like CoreWeave and Oracle show high growth.