Cloud IT Infrastructure Revenue Grew 11% Y/Y In 1Q19 Reaching $14.5 Billion
StorageNewsletter.com, June 21st, 2019
June 30, 2019,
Volume 255, Issue 4
Market share: Dell 18%, HPE 12%, Cisco 7%, Lenovo 5%, Inspur 4%
"According to the International Data Corporation's Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, grew 11.4% year over year in 1Q19, reaching $14.5 billion.
Analyst firm also lowered its forecast for total spending on cloud IT infrastructure in 2019 to $66.9 billion - down 4.5% from last quarter's forecast - with slower Y/Y growth of 1.6%..."
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