IDC: Cloud IT infrastructure spending grew 12.4% in 4Q19

According to the International Data Corp. (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, total end-user spending on IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, recovered in the fourth quarter of 2019 (4Q19) after two consecutive quarters of decline. The 12.4% year-over-year growth in 4Q19 yielded $19.4 billion in spending. The fourth-quarter results also brought the full year into positive territory with annual growth of 2.1% and total spending of $66.8 billion for 2019. Meanwhile, the overall IT infrastructure market continued to struggle after its strong performance in 2018, up 3.3% to $38.1 billion in 4Q19 but declining 1.1% to $134.4 billion for the full year. Non-cloud IT infrastructure fell 4.6% to $18.7 billion for the quarter and declined 4.1% to $67.7 billion for the year.