Booming industry offers new avenues of growth for IT giants
RENO, N.V.—Hewitt-Packard’s strong growth in the booming cloud infrastructure equipment market over the past year has allowed it to catch up to its prime competitor, Cisco.
According to Synergy Research Group, each vendor had a little over 13 per cent worldwide market share in the first quarter of 2015. While Cisco has a clear lead in public cloud infrastructure, HP leads in the private cloud market.
“With both public and private cloud usage booming we are seeing surging investment in infrastructure to build clouds,” said Jeremy Duke, Synergy Research Group’s founder and Chief Analyst. “While Cisco and HP are clearly benefiting from this boom they are not the only ones. Several other vendors have seen year-on-year cloud revenue growth rates in excess of 20 per cent.”
Total first-quarter cloud infrastructure equipment revenues, including both hardware and software, were over $14.5 billion, having grown by 25 per cent year on year. Microsoft, Dell, IBM, EMC, VMware and Lenovo also have a significant presence in the market.