Public cloud investment to maintain growth

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13 July, 2017

Public cloud investment this year has resulted in it becoming IT deployment’s public cloud investment growthfastest growing market segment. This is the verdict from market intelligence and advisory services firm International Data Corporation (IDC).While IDC predicts that investment in conventional data centres will fall under 50% by the year 2021. Down from over 60% last year. The firm believes that public cloud is ready to take over the reins, however.

IDC’s enterprise storage research director, Natalya Yezhkova, said that investment will be put into the same areas as 2016. This will also help to accommodate any changes to specific technologies. She commented:

“Enterprise adoption of hybrid and multi-cloud IT strategies and the proliferation of cloud-native applications and areas such as the Internet of Things, which embrace a cloud-first approach to supporting IT resources, will fuel further increases in end-user spending on services-based IT.”

IDC had evaluated figures from specific vendors. The numbers showed HPE and Dell ranked over Cisco, which was the fastest-growing vendor. While revenues from worldwide cloud infrastructure reached $8bn in this year’s Q1.

Cloud investment

Total investment on infrastructure for cloud deployment- Ethernet switches, enterprise storage, and server- will climb to $40bn (£31.1bn) this year, at a 12.4% per cent year-on-year increase. Currently public cloud is a fast growing segment, with a growth of 13.8%. While off-site private cloud will see an 11.9% and on-site private cloud will experience a 9.6% year-on-year growth.

Ethernet switches are set to be the fastest grower in cloud environments. With a year-on-year growth of 25.8% for 2017.

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