IDC: Cloud Accounts for Nearly One Third of Global Server, Disk Storage, and Ethernet Switch Spending

New IDC research data for the third quarter of 2014 shows that almost a third of combined worldwide server, disk storage, and Ethernet switch infrastructure spending in the quarter came from cloud deployments. Total cloud infrastructure revenue for the quarter grew 16% year over year to $6.5 billion.

Public cloud infrastructure accounted for nearly half of total cloud infrastructure revenue and is growing faster at 18% compared to one year ago. This research data is the result of IDC’s Worldwide Quarterly Cloud IT Infrastructure Tracker – designed to provide IDC clients with a better understanding of what portion of the server, disk storage systems, and networking hardware markets are being deployed in cloud environments.

idc-study-cloud“Whether internally owned or ‘rented’ from a service provider, cloud environments are strategic assets that organizations of all types must rely upon to quickly introduce new services of unprecedented scale, speed, and scope,” said Richard Villars, Vice President, Datacenter and Cloud research at IDC. “Their effective use will garner first-mover advantage to any organization in a hyper-competitive market.” 

IDC Tracker products provide timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC‘s Trackers are updated on a semiannual, quarterly, and monthly basis.