Cloud hardware spending breaks $4 billion mark

A new International Data Corporation (IDC) study confirmed that cloud is the major disruption factor in the EMEA infrastructure hardware market, accounting for a growing portion of hardware spending and exerting influence on hardware architectures and vendors' strategies. The overall investment in hardware for cloud environments in EMEA is expected to exceed $4 billion in terms of user value by the end of 2014, with a strong 19% YoY growth. 15% of the infrastructure spend in EMEA will be...

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Global Cloud Services market to reach $555 billion by 2020

According to the new report by Allied Market Research, titled "Global Cloud Services Market (Services, Type, End User and Geography) - Global Analysis, Industry Growth, Trends, Size, Share, Opportunities and Forecast, 2013-2020", the global cloud services market is expected to grow at a CAGR of 17.6% from 2014 to 2020, reaching a market size of $555 billion in 2020. In 2014, the overall cloud services market revenue will reach $209.9 billion, led by public cloud services. The...

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