Revenue from cloud IT infrastructure products declines

Vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, declined in the third quarter of 2019 (3Q19) as the overall IT infrastructure market continues to experience weakening sales following strong growth in 2018, IDC reveals. The decline of 1.8% year over year was much softer than in 2Q19 as the overall spend on IT infrastructure for cloud environments reached $16.8 billion. IDC slightly increased its forecast for total cloud spending in 2019 to $65.4 billion, which represents flat performance compared to 2018.