International Data Corporation (IDC) announced recently that almost a third of combined worldwide server, disk storage, and ethernet switch infrastructure spending in the third quarter of 2014 came from cloud deployments.
Total cloud infrastructure revenue for the quarter grew 16% year over year to $6.5 billion. Public cloud infrastructure accounted for nearly half of total cloud infrastructure revenue and is growing faster at 18% compared to one year ago.
“Public and private clouds represent the ‘compute factories’ and ‘digital content depots’ of the 3rd Platform era,” noted Richard Villars, Vice President, Datacenter and Cloud research at IDC. “Whether internally owned or ‘rented’ from a service provider, cloud environments are strategic assets that organizations of all types must rely upon to quickly introduce new services of unprecedented scale, speed, and scope. Their effective use will garner first-mover advantage to any organization in a hyper-competitive market.”