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Private cloud spending is increasing, not decreasing

**Source: networkworld.com

Oct 11, 2018 2:50 PM - 1+ week ago

Description: Once again, IDC has thrown cold water on the notion that enterprises are looking to shut down their data centers and instead are looking to grow them. And a new form of IT spending is taking place.The latest worldwide market study by International Data Corporation (IDC) found revenue from sales of IT infrastructure equipment grew 48.4 percent year over year in the second quarter of 2018 to $15.4 billion.Quarterly spending on public cloud IT infrastructure was $10.9 billion in the second quarter of 2018, a 58.9 percent year-over-year growth, while private cloud spending reached $4.6 billion, an increase of 28.2 percent year over year.[ Check out What is hybrid cloud computing and learn what you need to know about multi-cloud. | Get regularly scheduled insights by signing up for Network World newsletters. ] By end of the year, IDC projects public cloud spending will account for 68.2 percent of total IT equipment spending, growing at an annual rate of 36.9 percent. That?s not surprising, though, as Amazon, Microsoft, Google, ...

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