Cloud

Cloud IT infrastructure revenues rise despite spending slowdown: IDC

According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, grew 11.4% year over year in the first quarter of 2019 (1Q19), reaching $14.5 billion. IDC also lowered its forecast for total spending on cloud IT infrastructure in 2019 to $66.9 billion – down 4.5% from last quarter’s forecast – with slower year-over-year growth of 1.6%.

Sourced through Scoop.it from: www.cablinginstall.com

Categories: Cloud, Fiber, Market Research

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