The ongoing adoption of public cloud services should ensure global investments in cloud-enabling infrastructure top $52bn by 2019, according to IT analyst house IDC.
The market watcher’s latest Worldwide quarterly cloud IT infrastructure tracker predicts public cloud infrastructure will account for $32bn of that spend by 2019, with private cloud making up the remainder.
Investments in the hardware that underpins cloud – including servers, disk storage and Ethernet switches – will make up 45% of the total money spent on IT infrastructure, as interest in off-premise services continues to grow.
The figures are in line with what other sections of the IT industry are predicting the market's future, with interest in public cloud offerings set to gain traction as users become more accustomed to using off-premise services and start to operate hybrid-type IT environments.
Where we are now
Earlier this week, IDC published details about the total amount of money spent on hardware destined for use in cloud environments during 2014, which revealed that nearly a third (30%) of the money invested in IT infrastructure went towards the purchase of cloud-enabling technologies.
Read more about cloud research trends
- Nearly one-third of money spent on IT infrastructure is being used on cloud-enabling technologies, according to IT analyst IDC.
- Amazon Web Services has come out top in 451 Research’s user poll of the best-performing infrastructure-as-a-service (IaaS) providers.
In its latest update, IDC said this looks set to increase over the course of 2015, when total cloud IT infrastructure spend is predicted to hit $32bn.
The analyst house also predicts private cloud infrastructure spend will hit $12bn in 2015, representing year-on-year growth of 16%, while investment in public cloud infrastructure will grow by 25% this year to $21bn.
Kuba Stolarski, research manager for server, virtualisation and workload research at IDC, said the projected growth figures look set to be fuelled by the adoption of cloud technologies by companies of all sizes.
“The pace of adoption of cloud-based platforms will not abate for quite some time, resulting in cloud IT infrastructure expansion continuing to outpace the growth of the overall IT infrastructure market for the foreseeable future,” said Stolarski.
“As the market evolves, organisations of all types and sizes will discover that traditional approaches to IT management will increasingly fall short of the simplicity, flexibility and extensibility requirements that form the core of cloud solutions,” he added.