Internet Industry Search Engine & News

Private cloud spending is increasing, not decreasing


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, ...

Read The Article

Search Builder: (Click to add search terms to search box)
cloud spending  International Data Corporation  Private cloud spending  IDC projects  Network World communities  market study  cloud resources  Natalya Yezhkova  cloud environments  deployment models  research director  Digital Reality  cloud provider  infrastructure spending  Quarterly spending  
Contextual Tweet Search Results:

Contextual Search Results

**The content you see on this website is the sole responsibility of the entity that made it available, which may not be (4Internet,LLC). Content contained on this site is provided on an “as is” basis. We make no commitments regarding the content and we don't review it, so don't assume that we do. What you see here may not be accurate and you should not rely upon it. The content does not necessarily represent the views and opinions of 4Internet. You use this service and everything you see here at your own risk. Content displayed may be subject to copyright. Content is removed on a case by case basis. To request that content be removed, contact us using the following form: Contact Us. 4Internet LLC, and the people who work with it, will not be liable for any damages.