Skip to main content

Cloud Computing Vendor Revenue Reached $29 Billion

Cloud computing infrastructure vendor revenue for public and private cloud grew by 21.9 percent year-over-year to reach $29 billion in 2015, with the fourth quarter (4Q15) growing 15.7 percent to $8.2 billion, according to the latest global market study by International Data Corporation (IDC).

Compared to overall global IT infrastructure spending, the share of cloud IT infrastructure sales climbed to 32.2 percent in 4Q15 -- that's up from 28.6 percent a year ago. Revenue from infrastructure sales to private cloud grew by 17.5 percent to $3.3 billion, and to public cloud by 14.6 percent to $4.9 billion.

By comparison, revenue in the traditional (non-cloud) IT infrastructure segment decreased by 2.7 percent year-over-year in the fourth quarter 2015, with declines in all three technology segments (server, storage and networking).

Cloud Computing Market Development

All three technology markets showed strong year-over-year growth in both private and public cloud segments, except for storage in the public cloud, which declined 4 percent in 4Q15 on a difficult compare with a very strong quarter in the prior year.

Private cloud growth was led by Ethernet switch with 19.6 percent growth. In public cloud, Ethernet switch led the way with 56.9 percent year-on-year growth, while public cloud revenue from server grew 28.9 percent year-on-year in 4Q15.


For the full year, server revenue in private cloud grew by 23 percent year-on-year, while Ethernet switch revenue in public cloud grew by 36.6 percent during the same period.

"The cloud IT infrastructure market continues to see strong double-digit growth with faster gains coming from public cloud infrastructure demand," said Kuba Stolarski, research director at IDC. "Public cloud as-a-service offerings also continue to mature and grow in number, allowing customers to increasingly use sophisticated, mixed strategies for their deployment profiles."

Cloud Computing Regional Growth Results

From a regional perspective, vendor revenue from cloud IT infrastructure sales grew fastest in Japan at 50 percent year-over-year in 4Q15, followed by Asia-Pacific (excluding Japan) at 38.7 percent, Western Europe at 30.5 percent, Canada at 23.5 percent, and the United States at 6.6 percent.

That being said, Central and Eastern Europe declined by 9.3 percent year-over-year as the region continues to go through political and economic turmoil, which ultimately impacts overall IT spending.

Popular posts from this blog

Industrial Cloud Computing Apps Gain Momentum

In the manufacturing industry, cloud computing can help leaders improve their production efficiency by providing them with real-time data about their operations. This has gained the attention of the C-suite. Total forecast Industrial Cloud platform revenue in manufacturing will surpass $300 billion by 2033 with a CAGR of 22.57 percent, driven by solution providers enhancing platform interoperability while expanding partner ecosystems for application development. ABI Research found the cloud computing manufacturing market will grow over the next decade due to the adoption of new architectural frameworks that enhance data extraction and interoperability for manufacturers looking to maximize utility from their data. Industrial Cloud Computing Market Development "Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers. The large initial upfront cost of purchasing, setting up, and maintaining these servers is

Credit Scoring Service Spending will Reach $44B

Credit scoring is a method that lenders use to predict the probability a borrower or counter-party will default on loans, or incur additional charges for repayment -- also known as measuring credit worthiness. The method is a key tool in making credit affordable for individuals and businesses. It links credit products to risk potential, connecting borrowers to secondary capital markets and increasing the amount of funds available. This securing process establishes risk predictability dependent on a number of factors, determined by financial indicators and other publicly available information reported by the credit bureaus. Credit Score Market Development According to the latest worldwide market study by Juniper Research, they now forecast credit scoring services will grow by 67 percent to $44 billion by 2028. Juniper anticipates that emerging markets will experience the greatest growth -- projecting the African & Middle Eastern region to grow by 117 percent over the forecast period

Demand for Quantum Computing as a Service

The enterprise demand for quantum computing is still in its early stages, growing slowly. As the technology becomes more usable, we may see demand evolve beyond scientific applications. The global quantum computing market is forecast to grow from $1.1 billion in 2022 to $7.6 billion in 2027, according to the latest worldwide market study by International Data Corporation (IDC). That's a five-year compound annual growth rate (CAGR) of 48.1 percent. The forecast includes base Quantum Computing as a Service, as well as enabling and adjacent Quantum Computing as a Service. However, this updated forecast is considerably lower than IDC's previous quantum computing forecast, which was published in 2021, due to lower demand globally. Quantum Computing Market Development In the interim, customer spend for quantum computing has been negatively impacted by several factors, including: slower than expected advances in quantum hardware development, which have delayed potential return on inve