The International Data Corporation (IDC) has revealed that IT infrastructure spending on public and private cloud in Europe, the Middle East, and Africa (EMEA) grew 19.5 per cent year on year to reach $1.5 billion (£1.2 billion) in revenue in the third quarter of 2016.
IDC also said that the cloud-related share of total EMEA infrastructure revenue from servers, disk storage, and ethernet switches grew by six per cent from the previous year to reach 24.9 per cent in Q3 of 2016.
It was found that the cloud represented around 44.8 per cent of total EMEA capacity in Q3, with 8.6 per cent growth over the same period a year before.
Kamil Gregor, research analyst in the European Infrastructure Group at IDC explained: "IDC expects this market to reach a value of $10.9 billion by 2020, from the five-year forecast, or 35.4 per cent of the total market expenditure.
“Fueled by increasing maturity and adoption rates of many new cloud-dependent technologies such as the Internet of Things (IoT), cloud continues to represent an area of tremendous growth for the European infrastructure sector.”
Mr Gregor went on to say that in Western Europe, trends are moving towards specific solutions based on third platform and innovation accelerator technologies, as well often innovative solutions combining multiple technologies intended to “harness unique value that none of the technologies could unlock alone”.
As an example, he pointed to several emerging industry clouds that combine data from the IoT edge devices with real-time and Big Data analytics in “subverticals such as advanced building automation, manufacturing asset management, and predictive maintenance”.