Security News > 2018 > June > Worldwide cloud IT infrastructure revenues continue to grow

Vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and private cloud, grew 45.5% year over year in the first quarter of 2018 (1Q18), reaching $12.9 billion. IDC also raised its forecast for total spending on cloud IT infrastructure in 2018 to $57.2 billion with year-over-year growth of 21.3%. Public cloud infrastructure quarterly revenue has more than doubled in the past three years to $9.0 billion in … More → The post Worldwide cloud IT infrastructure revenues continue to grow appeared first on Help Net Security.

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