This chart shows just how volatile the fight for IT dominance could be over the next 3 years - for everyone but Microsoft
While the top IT vendors have remained fairly stable since the end of last year, a Goldman Sachs IT Spending Survey found that many chief information officers expect to see a very different vendor landscape come 2020.
Google and Amazon - companies that have dominated the consumer space for quite some time - are edging up in popularity in the enterprise space, likely as a result of their big pushes in cloud services. Their gains are expected to come at the expense of Oracle, Cisco, IBM and SAP, all of which are expected to drop considerably in market share and relevance in the next three years.
The enterprise giants are fighting over a huge market. Businesses will spend $3.5 trillion on IT this year alone.
Market dominance is a privilege, not a right, and traditional enterprise tech leaders like Oracle and Cisco will have to find a way to compete with Amazon and Google on the upstarts' terms if they want to continue to be influential in the IT space.
Goldman Sachs
Get the latest Google stock price here.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’