Update: Global IT Infrastructure Services Revenue Reset
The 2020 IT infrastructure services market will decline -4% to -6%, with lost revenue from $33 billion to nearly $50 billion. Note, the market was slated to grow at a modest rate of 2 to 3 percent. However, the pandemic has led to uncertainties across the globe. SD-WAN networking is one of the few exceptions – it’s still driving growth.
via Everest Group
Why the On-Premises IT Decline is Accelerating
“The market for data center hardware is soft, and not just because of COVID-19. Like so many other trends, the pandemic didn’t yield anything new, but it did significantly accelerate almost every trend. Spending on teleconferencing exploded, while data center spending slowed considerably.”
IT Converged Systems Revenue Reached $3.9 Billion
The public cloud market has shown renewed enterprise IT investment. Meanwhile, converged systems’ growth continues. Worldwide converged systems market revenue increased 4.5 percent year-over-year to $3.9 billion during the first quarter of 2020 (1Q20), according to the latest market study by International Data Corporation (IDC).
Hyperscale Public Cloud Global Data Center Growth
The total number of large data centers operated by hyperscale providers increased to 541 at the end of Q2 2020. Over 70% of all hyperscale data centers are located in facilities leased from data center operators or are owned by partners of the hyperscale operators.
Open IT Hardware: A Hyperscale Public Cloud Advantage
Open IT solutions are gaining momentum. Most savvy CIOs and CTOs already have plans to increase their applications for open-source software projects. While that software is an established component of on-premises enterprise data centers, the untapped opportunity is open IT hardware infrastructure.
The Race to Resiliency for Future IT Operations
The Future of Operations becomes reality when companies build on their current infrastructure and digital capabilities to develop resilient decision-making — having the ability to use all available data and information to rapidly and effectively make decisions.
Hybrid Cloud Solutions: The Very Best of Both Worlds
The reality today is that organizations are distributing application environments across on-premises data centers, public cloud or multiple public clouds, and edge locations. Organizations need solutions for their on-premises locations that deliver cloud-like agility, scale, and operational efficiency.
Why CIOs Seek Hybrid Cloud Automation Solutions
“IT needs the ability to deploy, provision, and manage new services automatically and remotely, with little to no manual interaction. IT needs the automated data center. Better yet, IT needs the automated hybrid cloud, and it needs it now.”
Software-Defined Storage Market to Reach $53.6 Billion
The software-defined storage market is projected to expand at a CAGR of ~25% from 2019 to 2027 in terms of revenue. Huge expansion of data in recent years is expected to fuel the growth of the IT software-defined storage market during the forecast period.
Top 3 Cloud Workloads Returned to On-Prem Data Centers
Top workloads to be repatriated to on-premises infrastructure include Security, App Dev & Testing, and System Management, with primary drivers for repatriation cited being resource consolidation, data security concerns, and better TCO.
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