July 15, 2016 | Written by: Matthew Wilson
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By the end of this year, spending on IT infrastructure products to be deployed in cloud environments will be $37.1 billion, International Data Corporation predicts.
According to IDC’s Worldwide Quarterly Cloud IT Infrastructure Tracker, released this month, enterprise spending on cloud will increase about 15 percent over last year. Public cloud infrastructure makes up the largest piece of the pie, with spending in that arena expected to be $23.3 billion, a nearly 19 percent increase.
“Overall, we will continue to see steady growth in demand for public cloud services and, as a result, underlying spending on IT infrastructure,” Natalya Yezhkova, IDC’s research director for storage systems, said in a statement.
Private cloud spending is expected to increase, too. Spending on those infrastructure produts is expected to be $13.8 billion this year, a little more than 10 percent growth over last year.
This isn’t limited to any one region, IDC notes. Cloud infrastructure spending is growing everywhere.
For more about the IDC report, check out CIO’s full article.
Find out more about cloud infrastructure products from IBM, which IDC recently named as the second-largest infrastructure-as-a-service provider.