Vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, grew 28.0% year over year in the fourth quarter of 2018 (4Q18), reaching $16.8 billion.
For 2018, annual spending (vendor revenue plus channel mark-up) on public and private cloud IT infrastructure totaled .1 billion, slightly higher (1.3%) than forecast in Q3 2018, according to the IDC Worldwide Quarterly Cloud IT Infrastructure Tracker.
Book a demo today to see GlobalDots is action.
Optimize cloud costs, control spend, and automate for deeper insights and efficiency.
IDC also raised its forecast for total spending on cloud IT infrastructure in 2019 to $70.1 billion – up 4.5% from last quarter’s forecast – with year-over-year growth of 6.0%.
Quarterly spending on public cloud IT infrastructure was down 6.9% in Q418 compared to the previous quarter but it still almost doubled in the past two years reaching $11.9 billion in 4Q18 and growing 33.0% year over year, while spending on private cloud infrastructure grew 19.6% reaching $5.75 billion.
Verizon possibly launching an auction to sell its data centers.
Read more: Help Net Security
