Cloud infrastructure spending grew by 14.4% year over year in the fourth quarter of 2014, according to IDC.
The market watcher’s Worldwide Quarterly Cloud IT Infrastructure Tracker found that spending on cloud infrastructure (server, disk storage and ethernet switch) rose to $8bn, accounting for roughly 30% of all IT spend.
Broken down, public cloud spending over the quarter came in at $5bn, a 12.3% increase YoY; while private cloud spending stood at $2.9bn – an 18.3% increase on the previous year.
For the full year, cloud infrastructure spending stood at $26.4bn, and 18.7% increase from 2013.
HP topped the charts when it came to cloud infrastructure revenue for the quarter, turning over an estimated $1.2bn. This was followed by Dell ($700m) and then EMC and Cisco ($600m).
"The transition to cloud-oriented infrastructure and data platform architectures within enterprises' datacenters continues to accelerate, yet the expansion of public cloud infrastructure in service providers' datacenters around the world is an even larger driver of IT spending," said Richard Villars, vice president, Datacenter and Cloud research at IDC. "A key driver of this acceleration is organisations' development and use of new Internet of Things services that require levels of agility and scale that only cloud solutions can deliver."