Revenue from sales of infrastructure products including server, storage and switch for cloud IT, has increased 48.4 percent to $15.4 billion in the second quarter of 2018, said a report in IDC.
IDC also raised its forecast for spending on cloud IT infrastructure in 2018 to $62.2 billion with 31.1 percent growth.
Dell, HPE, Cisco, Lenovo and Inspur are the top technology vendors in Cloud IT infrastructure market in Q2.
Spending on public cloud IT infrastructure has increased 58.9 percent to $10.9 billion in Q2 2018. Spending on private cloud infrastructure rose 28.2 percent to $4.6 billion.
Public cloud will account for 68.2 percent of the cloud IT infrastructure spending, growing at an annual rate of 36.9 percent, in 2018.
Private cloud will represent 14.8 percent of total IT infrastructure spending, growing 20.3 percent, in 2018.
The public and private cloud revenues accounted for 48.5 percent of the total worldwide IT infrastructure spending from 43.5 percent a year ago and will account for 46.6 percent of the total worldwide IT infrastructure spending in 2018.
Spending in all technology segments in cloud IT environments is forecast to grow by double digits in 2018.
Compute platforms will be the fastest growing at 46.6 percent.
Spending on Ethernet switches and storage platforms will grow 18 percent. Spending on storage platforms will grow 19.2 percent in 2018.
The non-cloud IT infrastructure segment grew 21.1 percent to $16.4 billion in Q2 – accounting for 51.5 percent of total worldwide IT infrastructure spending. Spending on non-cloud IT infrastructure will grow by 10.3 percent.