Cloud infrastructure sales beat traditional IT last year

Revenue from cloud IT infrastructure sales outpaced traditional infrastructure sales for the first time in the third quarter of 2018, according to IDC. This includes servers, enterprise storage and ethernet switches for both public and private clouds. The market analyst released its Worldwide Quarterly Cloud IT Infrastructure Tracker report, which showed that cloud infrastructure revenue grew by 47.2 percent in the third quarter last year, reaching US$16.8 billion. In that three-month period, cloud infrastructure sales accounted for 50.9 percent of total worldwide IT infrastructure sales, up from 43.6 percent. IDC also said that public cloud infrastructure spend has more than doubled in the past two years to reach US$12.1 billion in the third quarter of 2017. At the same time, private cloud infrastructure sales grew by 28.3 percent to reach US$4.7 billion