IDC: Cloud Infrastructure Equipment Market Grew 12.5% in the Quarter
According to IDC’s Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment, by 2025, the cloud will make up two-thirds of total global sales of computing and storage infrastructure products.
Sales of IT products to power cloud computing and storage infrastructure grew globally to $15.1 billion in the first quarter of 2021, which is a 12.5% increase over the first quarter of 2020. Meanwhile, products for shared cloud services (i.e., services shared by many independent customers) contributed $10.3 billion (11.6% more than in Q1 2020), and products for dedicated services totaled $4.8 billion (14.7% more than in the first quarter of 2020).
All leading cloud infrastructure vendors increased their sales. Lenovo's sales grew the most, by 38.2%, and Huawei's by 37.9%. These companies rank third (6.8% of the market) and fifth (3.1%), respectively, with Inspur and Cisco, IBM and NetApp in terms of market share. The first and second positions belong to Dell (16.9%) and HPE/H3C (11.2%).
In the coming years, IDC analysts believe the market for cloud infrastructure tools is expected to grow at an average annual rate of 11.3% and will grow to $112.9 billion by 2025, accounting for 66.1% of total worldwide sales of computing and storage infrastructure tools.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries.