Press release published by: https://www.storagenewsletter.com/
This is a Press Release edited by StorageNewsletter.com on 2018.01.15
Source URL: https://www.storagenewsletter.com/2018/01/15/cloud-it-infrastructure-market-grew-25-5-y-y-in-3q17-idc/
According to the International Data Corporation’s Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and private cloud, grew 25.5% year over year in 3Q17, reaching $11.3 billion.
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Public cloud infrastructure revenue grew 32.3% year over year in 3Q17 to $7.7 billion and now represents 30.2% of total worldwide IT infrastructure spending, up from 26.3% one year ago. Private cloud revenue reached $3.6 billion for an annual increase of 13.1%. Total worldwide cloud IT infrastructure revenue is on pace to nearly double in 2017 when compared to 2013. Traditional (non-cloud) IT infrastructure revenue grew 8.0% from a year ago, although it has been generally declining over the past several years; despite the declining trend, at $14.2 billion in 3Q17 traditional IT still represents 55.6% of total worldwide IT infrastructure spending.
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About Calsoft
Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com
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