Worldwide public and private cloud IT infrastructure spending, including server, storage and networking equipment, grew 9 percent to $32.6 billion in 2016, according to International Data Corp. (IDC).
The firm’s Worldwide Quarterly Cloud IT Infrastructure Tracker said vendor revenue from cloud-related technologies for the fourth quarter of 2016 increased 7 percent to $9.2 billion. Cloud IT infrastructure sales as a share of overall worldwide IT spending rose to 37 percent in the fourth quarter of 2016, up from 33 percent from a year ago.
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