Public IT Cloud Services spending to reach $127 billion in 2018

Public IT cloud services spending will reach $56.6 billion in 2014 and grow to more than $127 billion in 2018, according to a new forecast from International Data Corporation (IDC). This represents a five-year compound annual growth rate (CAGR) of 22.8%, which is about six times the rate of growth for the overall IT market. In 2018, public IT cloud services will account for more than half of worldwide software, server, and storage spending growth.

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Data centre traffic to nearly triple

In the fourth annual Cisco® Global Cloud Index (2013 – 2018), Cisco forecasts continued strong growth of cloud traffic, cloud workloads and cloud storage with private cloud significantly larger than public cloud. Over the next five years, the study projects data center traffic to nearly triple, with cloud representing 76% of total data center traffic. By 2018, half of the world’s population will have residential Internet access, and more than half of those users’ (53...

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IT budget outlook is bright, with 77% of mid-market companies saying IT budgets will rise in 2017.
By Dante Orsini, SVP of Business Development, iland.
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Hidden deep in a mountain, Green Mountain’s data centre is cooled by the cold waters of a Norwegian fjord. Working with nature, Green Mountain is saving energy and protecting the environment — leading the way to cutting data centre energy use by a third.

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