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Spending on public cloud IT infrastructure to hit US$23.3 billion

Thor Olavsrud | July 7, 2016
Research firm IDC forecasts strong spending on IT infrastructure for cloud environments in 2016, particularly public cloud environments, despite the slowdown in spending in the first quarter.

IDC believes spending on non-cloud IT infrastructure will continue to decline over the same period, shrinking by 1.4 percent CAGR.

The research firm also believes spending on public cloud IT infrastructure will continue to outpace spending on private cloud IT infrastructure, noting that spending will grow at 18.8 percent and 10.3 percent CAGR, respectively. In 2020, IDC forecasts public CSPs will spend $38.4 billion on IT infrastructure for delivering services, while spending on private cloud IT infrastructure will reach $21.1 billion.

 

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