CloudWorldwide spending on cloud IT infrastructure – servers, disk storage and Ethernet switches – will increase 21 percent year-over-year in 2015 to reach $32 billion, according to the latest IDC Worldwide Quarterly Cloud IT Infrastructure Tracker. Spending in the market segment will represent fully one-third of overall IT infrastructure spending for the year, IDC highlights in a news release.

Cloud IT infrastructure spending totaled $26.4 billion in 2014, up 18.7 percent from 2013, according to IDC. Private cloud spending totaled $10 billion, 20.7 percent higher than in 2013. Public cloud spending for 2014 came in at $16.5 billion, 17.5 percent above 2013’s total.

Cloud Infrastructure Spending
IDC expects overall spending on IT infrastructure in 2015 will come in 28 percent higher than that for 2014. Within the cloud IT infrastructure market segment, private cloud IT infrastructure spending will rise 16 percent year-over-year to $12 billion. Public cloud IT infrastructure spending will increase at a faster pace, rising 25 percent year-over-year in 2015 to $21 billion, IDC predicts.

Looking further forward, IDC expects cloud IT infrastructure spending will grow at a 14 percent compound annual growth rate (CAGR), with public and private cloud IT infrastructure spending growing at the same rate. Come 2019, IDC predicts spending across the market segment will total $52 billion and account for about 45 percent of overall IT infrastructure spending. Spending on public cloud IT infrastructure will total some $32 billion while that for private cloud IT infrastructure will comprise the remaining $20 billion.

Commenting on the results of its latest cloud IT infrastructure report, IDC Research Manager, Server, Virtualization, and Workload Research Kuba Stolarksi said: “The pace of adoption of cloud-based platforms will not abate for quite some time, resulting in cloud IT infrastructure expansion continuing to outpace the growth of the overall IT infrastructure market for the foreseeable future.

“As the market evolves into deploying Third Platform solutions and developing next-gen software, organizations of all types and sizes will discover that traditional approaches to IT management will increasingly fall short of the simplicity, flexibility, and extensibility requirements that form the core of cloud solutions.”

Image courtesy of flickr user JanneM.

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