Once again, IDC has thrown cold water on the notion that enterprises are looking to shut down their data centers, instead finding that they are looking to grow them.
The latest worldwide market study by International Data Corporation (IDC) found revenue from sales of IT infrastructure equipment grew 48.4 percent year over year in the second quarter of 2018 to $15.4 billion.
Of that, private cloud spending reached $4.6 billion, an increase of 28.2 percent year over year. That's a significant increase, but not as great as the jump in spending on public cloud IT infrastructure, which was $10.9 billion, a 58.9 percent year-over-year growth.
By end of the year, IDC projects public cloud spending will account for 68.2 percent of total IT equipment spending, growing at an annual rate of 36.9 percent. That’s not surprising, though, as Amazon, Microsoft, Google, etc., buy servers in the tens of thousands of units.