Satoshi Nakamoto Blog
Image default
Amazon web services AWS Azure Cloud cloud markets GCP Google Cloud hardware spending hybrid cloud Infra infrastructure spending Microsoft multicloud NEWS software spending spending Synergy Research Group The-Latest

Cloud services and infrastructure spending tops $150B in first half of 2019



Enterprise spending on cloud computing technologies continues to grow at a breakneck pace, topping $150 billion in the first half of the year, according to a new report from Synergy Research Group.

Synergy said spending on seven cloud services and infrastructure segments in those six months grew by 24% from the first half of 2018. The fastest-growing segment was infrastructure and platform services, which saw spending rise 44%, followed by cloud software services, up 27%.

“Cloud-associated markets are growing at rates ranging from 10 percent to well over 40 percent, and annual spending on cloud will double in under four years,” John Dinsdale, chief analyst at Synergy, said in a statement. “Cloud is increasingly dominating the IT landscape.”

Synergy said the increased spending was primarily being driven by enterprises’ embrace of hybrid cloud deployments and their strategy of using multiple public cloud providers to avoid being locked in to any one platform. This means that although Amazon Web Services Inc. remains far ahead of its rivals in the public cloud market, companies such as Microsoft Corp. and Google LLC are also benefiting as they introduce new offerings designed to differentiate their platforms.

During the first half of the year, spending on cloud hardware and software came to almost $55 billion, split evenly between private and public clouds. That compares with $70 billion spent on cloud hardware and software throughout the entirety of 2018, Synergy said.

Those investments have helped cloud providers to generate more than $90 billion in revenue from the infrastructure, platform and hosted private cloud services they offer. The investments also mean greater spending on data center leasing and colocation services, Synergy said.

There has also been growing demand for more specific cloud services such as databases and analytics, and that’s creating more opportunities for specialized firms such as Salesforce.com Inc., Adobe Inc., VMware Inc. and Rackspace Inc. Synergy said they have all become “major players” in the cloud services segment.

Also benefiting from the increased spending are the main suppliers of cloud infrastructure, which include Dell EMC, Cisco Systems Inc. and Hewlett-Packard Enterprise Co.

“The flip side is that some traditional IT players are having a hard time balancing protection of legacy businesses with the need to fully embrace cloud,” Synergy Research said.

Image: Synergy Research Group

Since you’re here …

… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.





Source link

Related posts

Tron (TRX) Daily Price Forecast – November 19

satoshi

Tron Founder Justin Sun Needs a Vacation after Tesla Giveaway Debacle

satoshi

Wyoming Passes Two New Crypto Bills

satoshi

Tether Market Cap Up 65% Since ‘April Fools’ Bitcoin Price Surge

satoshi

IRS is investigating ways to use social media to find tax cheats

satoshi

North Korea’s $700 Million Crypto Theft Chest Could Fund Nukes: Report

satoshi