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IT

Cloud IT infrastructure revenues continue to expand despite slow down in spending in 2019

Friday 21 June 2019 | 10:59 CET | News
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 percent year over year in Q1 to USD 14.5 billion, according to data from the International Data Corporation (IDC). Researchers also lowered their forecast for total spending on cloud IT infrastructure in 2019 to USD 66.9 billion, down 4.5 percent from last quarter's forecast – with slower year-over-year growth of 1.6 percent.

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Categories: IT
Countries: World
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