Alex Smith
- 58%
- Accuracy
- 5 of 8
- Analyst ranking
- 6
- Predictions scored
- 2
- Still to fall due
Infrastructure & Telecoms ▾
Mostly right · 75%In 2024, Canalys expects global cloud infrastructure services spending to increase by 20%, compared with 18% in 2023.
What happened. Synergy Research put 2024 cloud infrastructure services revenue at $330bn, up $60bn from 2023 (about 22%). Canalys's own February 2025 release put 2024 growth at 20% ($267.7bn to $321.3bn). Fixed band: 20% forecast against 20-22% actual is within 10%. Sources: srgresearch.com, canalys.com.
Source: Worldwide cloud service spending to grow by 20% in 2024 (Canalys press release)
Half right · 50%In 2023, Canalys expects global cloud infrastructure services spend to increase by 23% for the full year, compared with 29% in 2022.
What happened. Canalys's own February 2024 release put 2023 growth at 18% ($247.1bn to $290.4bn). Synergy Research said 2024 growth (about 22%, $270bn to $330bn) was four points higher than 2023, which also implies about 18% for 2023. Fixed band: 23% forecast against about 18% actual is 28% off, outside the 25% band, but the market did grow. Sources: canalys.com, srgresearch.com.
Source: Worldwide cloud service spend to grow by 23% in 2023 (Canalys press release)
Wrong · 0%We predict the hyperscalers will need to increase their prices in Europe by 30% to account for rising energy costs.
What happened. Microsoft raised euro cloud prices by 11% (pound 9%, Swedish krona 15%) from 1 April 2023, citing currency alignment with US dollar pricing, not energy. No hyperscaler raised European prices by anything like 30%. Fixed band: European prices did go up (right direction from zero), but the largest rise was 11% at one provider, far short of 30%, and it was driven by currency rather than energy. Sources: petri.com, ghacks.net.
Source: Growth in global cloud services spend slows to lowest rate ever in Q3 2022 (Canalys press release) · same quote frames hyperscaler planning 'in 2023'