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Gartner: GenAI spurs 9.3% increase in IT spending for 2025

Network World

Gartner reported that server sales will grow from more than $134 billion in 2023 to $332 billion by 2028, including an estimated more than $257 billion in 2025. It took 20 years for the cloud and outsourcing vendors to build up spending to $67 billion a year on servers. Spending on software will also increase by 14% to $1.23

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Campus NaaS market set for growth with startups leading the charge

Network World

It’s a service that delivers LAN equipment to enterprises and excludes the WAN and any cloud/storage services, Siân Morgan, research director at Dell’Oro Group, told Network World. CNaaS is for the most part a subset of public cloud-managed LAN,” Morgan said. The CNaaS technology tends to use public cloud-managed architectures.”

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SAP throws a lifeline to large organizations with new ECC offering

CIO Business Intelligence

SAP on Tuesday said it plans to announce a new offering in the next quarter that is based around SAP ERP Central Component (SAP ECC) and is designed to help the firms largest customers plan, execute and succeed in their cloud transformation. More details will be announced closer to the purchase availability date in 2028.

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Global public cloud spending to hit $805B in 2024 with AI driving growth

Network World

Worldwide spending on public cloud services is poised to double between 2024 and 2028, reaching a staggering $805 billion this year, according to a new report from IDC. This rapid growth is fueled by the increasing adoption of cloud technology across industries and the accelerating pace of AI innovation, the report added.

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Mitiga zeros in on cloud and SaaS security

Network World

Its cloud-native security platform combines cloud threat detection and incident response. In addition, data breaches solely involving public clouds were the most expensive type of data breach , according to IBM, costing $5.17 Mitiga’s cloud-native security platform provides cloud threat detection and incident response.

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CIOs to spend ambitiously on AI in 2025 — and beyond

CIO Business Intelligence

Research firm IDC projects worldwide spending on technology to support AI strategies will reach $337 billion in 2025 — and more than double to $749 billion by 2028. Amazon Web Services, Microsoft Azure, and Google Cloud Platform are enabling the massive amount of gen AI experimentation and planned deployment of AI next year, IDC points out.

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Gartner: 13 AI insights for enterprise IT

CIO Business Intelligence

“GenAI will easily eclipse the effects that cloud and outsourcing vendors had on previous years regarding data center systems,” according to Lovelock. “It It took 20 years for the cloud and outsourcing vendors to build up spending to $67 billion a year on servers.