Dive Brief:
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Microsoft, Amazon, Google and Salesforce will be the leading enterprise vendors by 2020, according to a new Goldman Sachs IT Spending Survey, reports Business Insider.
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Conversely, Oracle, Cisco, IBM and SAP are expected to drop in market share and relevance over the same time period, the study found.
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In all, businesses are expected to devote about $3.5 trillion on IT in 2017.
Dive Insight:
The enterprise vendor ecosystem has changed dramatically in the last few years, and more change is coming. For the enterprise, it's all about cloud today, so companies making big enterprise cloud pushes are moving up, while older tech companies that offer more traditional tech tools and services are falling out of favor.
The big cloud companies are posting huge earnings while companies like IBM and Cisco are making a push to change course.
Though it's also a legacy tech company, Microsoft's ability to adapt quickly has helped it stay on top despite the changing tech landscape. And Google and Amazon, which began as consumer companies, have become drivers in the enterprise market.
