Cloud Professional Services and Hosted Private Cloud Upside
COVID-19 is testing many companies’ IT preparedness, and as a result, a notable increase in cloud usage will occur once the virus subsidies, driving accelerated growth from 2022 to 2024. Today, however, many businesses that have on-premises IT infrastructures will likely postpone public cloud computing deployments.
via TBR
Cloud IT Infrastructure Revenue will Reach $100.1 Billion
As investments in cloud IT infrastructure continue to increase, with some swings up and down in the quarterly intervals, the IT infrastructure industry is approaching the point where spending on cloud IT infrastructure consistently surpasses spending on non-cloud IT infrastructure.
More Upside for Private Cloud Infrastructure Spending
Spending on private cloud IT infrastructure has shown more stable growth since IDC started tracking sales of IT infrastructure products in various deployment environments. In 3Q19, vendor revenues from private cloud environments increased 3.2 percent year-over-year, reaching nearly $5 billion.
Private Cloud Computing Deployment Growth will Surge
According to the latest worldwide market study by IDC, vendor revenue from sales of IT infrastructure products for cloud computing environments — including public and private cloud — grew 28 percent year-over-year in the fourth quarter of 2018 (4Q18), reaching $16.8 billion.
Hybrid IT Demand Fuels Multi-Cloud Computing Trend
The latest Global Cloud Index (GCI) 2016-2021 from Cisco focuses on the worldwide market outlook for enterprise data center virtualization and cloud computing services. Today’s digital business is enabled by Hybrid IT infrastructure that supports the deployment of cloud-based solutions.
IT Infrastructure Trends Favor Hybrid Multi-Cloud
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.
Private Cloud Service Adoption is Fueled by OpenStack
Private cloud services are gaining new momentum, partly due to the demand for hybrid IT solutions on-premises. 451 Research predicts that IT vendors with OpenStack private cloud revenue will exceed revenue from service providers with OpenStack-based public cloud implementations in 2018.
Cloud Infrastructure Revenue Reached $32.6B in 2016
Cloud computing adoption continues to disrupt the traditional IT infrastructure marketplace, as more CIOs and CTOs execute their ongoing plans for digital business transformation. While some regional expansions have tapered off, there are still many significant upside opportunities.
Source: Digital Lifescapes
New Cloud Infrastructure Spend will Grow Rapidly in 2017
Total spending on IT infrastructure products — server, storage, and networking — for deployment in cloud environments will increase by 18.2 percent in 2017 to reach $44.2 billion, according to the latest worldwide market study by International Data Corporation (IDC).
Source: Digital Lifescapes
Open Source Foundation Shares OpenStack Progress in 2016
Many CIOs know they must respond to the growing demand for public cloud services within their organizations. Building a private cloud with on-premises infrastructure is a path to progress, and OpenStack is the software platform.
Source: Digital Lifescapes
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