Global Cloud Infrastructure Market hit $29 billion

April 12, 2016 2:17 pm | Updated 5 years ago.

Global Cloud Infrastructure Market hit $29 billion

The IDC reported in its latest research that the global cloud infrastructure market has grown significantly with HP (Hewlett Packard Enterprises) occupying the top most position. The market has grown by about 22% to touch the $ 29billion mark.

The Cloud IT Infrastructure Tracker Report which released every quarterly has HPE topping the list with an overall market share of 15.8% .Following close behind is Dell and Cisco with a market share of 10.2% and 9.7% respectively. This sector registered an overall growth with organizations like Cisco seeing a 35.5% increase in its profits. The cloud infrastructure vendors recorded maximum increase in Japan followed closely by Western Europe and Canada. The saturated markets in the USA recorded only 6.6% of revenue growth.

According to the research director of IDC Kuba Stolarski, this double-digit growth rate public cloud infrastructure will continue to grow at the same pace into the next decade. This momentum is gradually being picked up by other companies as well.


Date of Publication- April 11,2016