Security News > 2021 > January > Public cloud IT infrastructure revenue increasing

Vendor revenue from sales of IT infrastructure products for cloud environments, including public and private cloud, increased 9.4% year over year in the third quarter of 2020, according to IDC. Investments in traditional, non-cloud, IT infrastructure declined -8.3% year over year in 3Q20. These growth rates show the market response to major adjustments in business, educational, and societal activities caused by the COVID-19 pandemic and the role IT infrastructure plays in these adjustments.

Spending on public cloud IT infrastructure increased 13.1% year over year in 3Q20, reaching $13.3 billion.

During the previous quarter spending on public cloud IT infrastructure exceeded non-cloud IT infrastructure spending for the first time ever, but non-cloud IT infrastructure spending was back on top in 3Q20 at $13.7 billion.

Public cloud IT infrastructure spending is expected to surpass non-cloud IT infrastructure spending again in the near future and expand its lead going forward.

Public cloud IT infrastructure is expected to grow by 16.7% year over year to $52.7 billion for the full year.

In all regions except Canada and Japan, growth in public cloud infrastructure exceeded growth in private cloud IT. At the vendor level, the results were mixed.

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