AI market could outstrip IaaS and PaaS combined within a few years

By 2025, businesses worldwide will be spending more money on artificial intelligence (AI) than on Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) combined. This is according to a new semi-annual AI report from analyst firm IDC, which claims that the AI market will exceed $500 billion in 2025.  At the same time, IDC expects businesses to spend approximately $400 billion on IaaS …

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Data center market is on the up and up

The European data center market is growing rapidly as companies expand their reliance on cloud computing. According to a new report from data center analysis firm Data Centre Pricing, there are currently more than six million square meters of equipped data center space, as well as more than 9 gigawatts of power, across 15 major European countries. While the four …

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5G market set for massive growth

Global revenue coming in from 5G network infrastructure is expected to grow 39 percent year-on-year, according to fresh figures from analyst firm Gartner. That would put the revenue at $19.1 billion for the year, up from $13.7 billion last year Gartner’s latest report on the mobile connectivity technology says communications service providers (CSP) in mature markets have sped up their …

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The cloud Infrastructure-as-a-Service (IaaS) market continues to boom

The cloud Infrastructure-as-a-Service (IaaS) market has enjoyed another quarter of strong growth, as businesses continue to migrate their workflows and build more cloud-native applications. This is according to a new report from analyst firm Canalys, which states that spending rose 36 percent for the quarter, hitting $47 billion. The same report asserts that expenditure was $5 billion higher than in …

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AI and automation are driving a shift in the storage market

Artificial intelligence (AI), automation and big data analytics projects are fueling a “fundamental shift” towards flash-based object storage, new data suggests. This is according to a new report from software-defined object storage firm Scality, which found that, while some businesses expect the change to happen within a year, others believe a three-year time period is more realistic. Polling IT decision-makers …

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Global cloud market continues to boom

The global cloud market continues to boom as spending rises beyond on-prem infrastructure, new figures from analyst firm IDC suggest. According to the report, businesses spent $15.1 billion on cloud infrastructure in the first quarter of 2021, up 12.5 percent compared to the same period last year. On-prem infrastructure also recorded growth in the same timeframe, but only of 6.3 …

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IaaS market recorded meteoric growth in 2020

The global infrastructure-as-a-service (IaaS) market generated $64.3 billion in revenue last year, representing growth of 40.7 percent over 2019. According to analyst house Gartner, AWS remained the number one player in the IaaS market, taking in $26.2 billion in revenue and holding 41 percent market share. With 28.7 percent growth, the company’s rate of growth was “slightly lower” than that …

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European cloud market set for massive growth

The growing number of data centers popping up across Europe, as well as large enterprises discovering the many benefits of the Platform-as-a-Service (PaaS) model, will see the European cloud computing market worth more than $140 billion by 2028.  This is according to a new report from market research and consulting firm Global Market Insights, which claims that key cloud vendors …

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AWS keeps top spot in the global cloud market

As the light at the end of the Covid tunnel begins to emerge, businesses are continuing to spend big on cloud. This is according to a new report from analyst firm Canalys, which suggests Amazon Web Services (AWS) kept its leading position in the market. However, the two main runners-up, Microsoft Azure and Google Cloud, are growing at pace. Canalys …

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Market excitement for fiber must not gloss over challenges

With finance houses investing billions in fiber and governments committing to country-wide rollouts as part of the EY’s European Gigabit Society objectives on connectivity, you could be forgiven for thinking that we are in the middle of a simple transition to super-fast networks with the capacity to spare. But anyone who has been around telecoms for any length of time …

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