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Cloud spending reaches USD 8.4 billion

Spending on cloud infrastructure rose again in 2016, while traditional IT expenditures continued to drop.

02 Feb. 2017 Kim Rixecker

IDC: Cloud continues to grow

Cloud Teaser
Despite the rise in cloud computing, companies still spend more overall on on-premise products. (Photo: Shutterstock)

The market researchers at IDC have published the latest figures for IT spending by companies in Q3 2016. Cloud infrastructure expenditures rose 8.1 percent compared with the previous year, to USD 8.4 billion. The cloud now accounts for 39.2 percent of all IT infrastructure spending. In Q3 2015, this figure was just 34.7 percent.

Of the USD 8.4 billion, USD 3.3 billion went to the private cloud, and the rest to public cloud providers. At the same time, spending on traditional IT infrastructure dropped 10.8 percent compared with the previous year.

Cloud expenditures are expected to rise to USD 44.2 billion in 2017

Spending on cloud infrastructure products should continue to grow in 2017. IDC predicts an 18.2 percent increase, which would bring total spending to USD 44.2 billion. Even more money is expected to go to on-premise products during this year as well.