Cloud computing responsible for fair share of IT infrastructure market

Cloud computing has taken up a mantle throughout the IT industry, especially in critical market verticals. A new IDC report indicated the technology accounted for one-third of ethernet, disk storage and server infrastructure budgets during the third quarter of 2014. Overall year-over-year cloud revenue for the period improved 16 percent to $6.5 billion, with public clouds accounting for almost half of this figure, achieving 18 percent year-over-year increases.

Richard Villars, vice president of data​ center and cloud research at IDC, explained public and private cloud computing make up a part of the 3rd Platform, which also includes mobile devices, social networking, and big data and analytics. Cloud solutions are “digital content depots” and “compute factories” that will usher in this next IT phase.

“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,” Villard said.

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