Cloud IT Infrastructure Revenues Fell Below Traditional IT Infrastructure Revenues in the Fourth Quarter of 2018.

According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, grew 28.0% year over year in the fourth quarter of 2018 (4Q18), reaching $16.8 billion. For 2018, annual spending (vendor revenue plus channel mark-up) on public and private cloud IT infrastructure totaled $66.1 billion, slightly higher (1.3%) than forecast in Q3 2018. IDC also raised its forecast for total spending on cloud IT infrastructure in 2019 to $70.1 billion – up 4.5% from last quarter's forecast – with year-over-year growth of 6.0%.