Report: Worldwide Cloud IT Infrastructure Market Grows by 14.4% In Q4
The growth is due to service providers continuing to expand their data centers, according to IDC.
According to International Data Corporation’s (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, total cloud IT infrastructure spending (server, disk storage, and ethernet switch) grew by 14.4% year over year to $8.0B in the fourth quarter of 2014 (4Q14), accounting for approximately 30% of all IT infrastructure spend, up from about 27% one year ago. Private cloud infrastructure spending grew by 18.3% year over year to $2.9B, while public cloud infrastructure spending grew to $5.0B, 12.3% higher than one year ago.
“A key driver of this acceleration is organizations’ development and use of new Internet of Things services that require levels of agility and scale that only cloud solutions can deliver.”