Cloud spend increases 14.4 percent in Q4 as firms accelerate IoT development

April 20, 2015

Via: itCurated

CLOUD IT INFRASTRUCTURE continues to be an expanding market, shown by a 14.4 percent rise in sales during the last quarter of 2014, according to new figures from IDC.
The IDC Worldwide Quarterly Cloud IT Infrastructure Tracker measured the growth at $8bn, approximately 30 percent of total IT infrastructure spend.

This represents a three percent increase year on year. Private cloud infrastructure rose 18.3 percent to $2.9bn, while public cloud infrastructure went up 12.3 percent to $5bn.

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