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Cloud IT infrastructure revenue growth slows to 28% in Q4, to rise 6% in 2019

Friday 29 March 2019 | 13:57 CET | News
Vendor revenue from the sale of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, reached USD 16.8 billion in the fourth quarter of 2018, up 28.9 percent year on year but down from rises of 47.2 percent and 48.4 percent in the previous two quarters. For 2018 as a whole, annual spending on public and private cloud IT infrastructure came to USD 66.1 billion, slightly higher (1.3%) than IDC forecast in Q3 2018. The researcher also raised its forecast for total spending on cloud IT infrastructure in 2019 to USD

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Categories: Fixed / Internet
Companies: Cisco / Dell / HPE / Huawei / Inspur
Countries: World
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