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Why the cloud IT infrastructure market is set to reach $52.3bn in 2018

April 20, 2018 / David H Deans

Cloud service adoption continues to grow, as traditional IT vendors react to market demand. Total spending on IT infrastructure products for deployment in cloud environments is forecast to reach $52.3 billion in 2018 -- that's year-over-year growth of 10.9 percent, according to the latest worldwide market study by International Data Corporation (IDC). Public cloud data centers will account for a majority of this spending, 65.9 percent, growing at the fastest annual rate of 11.3 percent. Off-premises private cloud environments will represent 13 percent of cloud IT infrastructure spending, growing at 12 percent year over year.