Security News > 2020 > April > Total end-user spending on IT infrastructure products recovers

Total end-user spending on IT infrastructure products for cloud environments, including public and private cloud, recovered in the fourth quarter of 2019 after two consecutive quarters of decline, according to IDC. The 12.4% year-over-year growth in 4Q19 yielded $19.4 billion in spending.

In 4Q19, growth in spending on cloud IT infrastructure was driven by the public cloud segment, which grew 14.5% year over year to $13.3 billion; private cloud grew 8.2% to $6.1 billion.

As investments in cloud IT infrastructure continue to increase, with some swings up and down in the quarterly intervals, the IT infrastructure industry is approaching the point where spending on cloud IT infrastructure consistently surpasses spending on non-cloud IT infrastructure.

For the full year 2019, Ethernet switches led with year-over-year growth of 5.0% and $8.2 billion in spending, followed by storage platforms with 1.9% growth and spending of $23.1 billion, and compute platforms with growth of 1.5% and spending of $35.5 billion.

A new five-year forecast predicts cloud IT infrastructure spending will reach $100.1 billion in 2024 with a compound annual growth rate of 8.4%. Non-cloud IT infrastructure spending will decline slightly to $65.3 billion with a -0.7% CAGR. Total IT infrastructure is forecast to grow at a 4.2% CAGR and produce $165.4 billion in spending in 2024.

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