In the modern world, through increased connectivity, instant communication, and established infrastructure systems, new ideas and products can spread at speeds never seen before – and this enables a new product to quickly get in people’s hands.
Hybrid IT deployments continue to gain favor with CIOs and CTOs, but cloud computing will now drive a greater share of the ongoing investment in business technology. Those combined platforms are enabling digital transformation projects across the globe.
Across the globe, more CIOs and CTOs are planning significant IT infrastructure investments, as part of their organization’s digital transformation growth agenda. Worldwide IT spending is projected to total $3.7 trillion in 2018 — that’s an increase of 4.5 percent from 2017, according to the latest forecast by Gartner.
Vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT — including public and private cloud — grew 25.5 percent year-over-year in the third quarter of 2017 (3Q17) reaching $11.3 billion, according to the latest worldwide market study by IDC.