Thursday, December 5, 2013

The Cloud Replacing Enterprise Hardware Vendors

In David Linthicum's latest article, he had this quote from Barclays to substantiate his claim that dollars will shift from hardware provider's to cloud:
    Barclays, in its global technology outlook, has reached the same conclusion: "We believe the deflationary impact from the cloud ($1 spent on cloud infrastructure actually results in several dollars coming out of other IT end-markets) should prevent IT spending from growing meaningfully in 2014 and 2015. ... We believe global IT spending will remain challenged in the lower single-digit growth range."
In addition, according to 451 Group, IaaS revenue will jump at an annual rate of 57% through 2016!