Just now at the VMware Partner Exchange 2013 (AKA PEX ’13) in Las Vegas, EMC announced the VMAX Cloud Edition for the Enterprise and midmarket. It’s an exciting new product that meets the needs of service providers to meet more of the customers needs. Now that’s a lot of “needs”, right?

But why should we even pay attention to the service provider side of the story?

The latest IDC Research Notes provides insight into this Market Momentum.

It is no surprise that Conventional IT spending is down, Private Cloud adoption is growing the fastest at 23%.

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