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Cloud spending surpasses traditional infrastructure expenditure for the first time

January 15, 2019 / Clare Hopping

IDC has revealed that cloud infrastructure has generated more revenue for tech businesses compared to traditional IT infrastructure for the first time ever.During the third quarter of 2018, cloud infrastructure components, such as servers, enterprise storage, and Ethernet switches grew by 47.2%, with the research firm estimating this will result in 37.2% growth for the entirety of 2018. Cloud-related revenues accounted for 50.9% of the total worldwide IT infrastructure vendor revenues, up more than 7% year-on-year."The first three quarters of 2018 were exceptional for the IT Infrastructure market across all deployment environments and the increase in IT infrastructure investments by public cloud datacenters was especially strong driven by the opening of new datacentres and infrastructure refresh in existing datacentres," said Natalya Yezhkova, research director, IT Infrastructure and Platforms.