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!