According to Forrester data, enterprises are increasing their spending on cloud services:

This shift is transforming and cannibalizing hardware markets, according to a new Forrester report, and well-known tech giants like Cisco, Dell, Hewlett Packard Enterprise, IBM, Oracle, and more need to evolve their strategies to survive. Not all is lost for these companies, but Forrester believes that they must capitalize on growth areas to stay competitive, including hybrid cloud management, application development, the internet of things, and a myriad of software innovations.

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