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Behind Hewlett Packard Enterprise's Fiscal 3Q17 Performance

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Part 8
Behind Hewlett Packard Enterprise's Fiscal 3Q17 Performance PART 8 OF 10

How Hewlett Packard Enterprise Aims to Simplify Hybrid IT

HPE unveils vision hybrid IT stack

Several major businesses currently run workloads on data centers as well as private and public cloud platforms. At Discover, Hewlett Packard Enterprise’s (HPE) annual technology event, the firm unveiled its vision for its new hybrid IT (information technology) stack.

According to HPE CEO (chief executive officer) Meg Whitman, the hybrid IT stack “brings together our industry-leading one view platform with a new multi-cloud management capability as well as key software assets like Cloud Cruiser to create a truly unique, software-defined approach to hybrid IT management.”

How Hewlett Packard Enterprise Aims to Simplify Hybrid IT

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This platform will help clients more easily manage assets across private, managed, and public clouds as well as in legacy IT infrastructure. HPE stated that several customers have used the beta version of this product, which is expected to be launched by the end of calendar 2017.

Hybrid IT market expected to reach ~$91.7 billion by 2021

According to MarketsandMarkets, the global hybrid cloud market is expected to grow at a CAGR (compound annual growth rate) of 22.5%, from ~$33.3 billion in 2016 to ~$91.7 billion in 2021. In this market, HPE will be competing with tech (QQQ) heavyweights IBM (IBM) and Microsoft (MSFT).

Notably, earlier this year, HPE acquired Nimble Storage, whose technology assists enterprises to gain valuable insights for storage consumption. This, in turn, helps companies make informed decisions about their storage needs.

Such technology could help HPE accelerate its penetration of the hybrid IT market as well as bolster its competition against rivals like NetApp (NTAP), IBM (IBM), and Dell Technologies (DVMT) in other IT services fields.

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