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IDC: On-premise infrastructure spend will continue to fall in 2017 as cloud demand soars

24 Jul 2017

IDC's latest quarterly cloud infrastructure spending forecast shines a light on how the dwindling demand for on-premise technologies is shaking up IT investments

The growing demand for public and private cloud services will lead to a 12.4% year-over-year surge in IT infrastructure spending to $40.1bn, predicts market watcher IDC.

According to the firm’s latest Worldwide Quarterly Cloud IT Infrastructure Tracker, 60.7% of the money spent on server, storage and Ethernet switch technology in 2017 will originate from firms looking to kit out public cloud-hosting datacentres.

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