Security News > 2020 > June > Cloud IT infrastructure spending grows, non-cloud investments plunge

Vendor revenue from sales of IT infrastructure products for cloud environments, including public and private cloud, increased 2.2% in the first quarter of 2020 while investments in traditional, non-cloud, infrastructure plunged 16.3% year over year, according to IDC. Pandemic as the major factor driving infrastructure spending.

For the full year, investments in cloud IT infrastructure will surpass spending on non-cloud infrastructure and reach $69.5 billion or 54.2% of the overall IT infrastructure spend.

Spending on public cloud infrastructure will grow 5.7% and will reach $47.7 billion representing 68.6% of the total cloud infrastructure spend.

Within cloud deployment environments, compute platforms will remain the largest category of spending on cloud IT infrastructure at $36.2 billion while storage platforms will be fastest growing segment with spending increasing 8.1% to $24.9 billion.

Public cloud datacenters will account for 67.4% of this amount, growing at a 9.5% CAGR. Spending on private cloud infrastructure will grow at a CAGR of 9.8%. Spending on non-cloud IT infrastructure will rebound somewhat in 2020 but will continue declining with a five-year CAGR of -1.6%..

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