Greater corporate use of cloud computing services will drag down revenue growth for information technology hardware and software suppliers, says Barclays in its 2014 global technology outlook. “We believe the deflationary impact from the cloud ($1 spent on cloud infrastructure actually results in several dollars coming out of other IT end markets) should prevent IT spending from growing meaningfully in 2014 and 2015,” said the Barclays report. “We
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Cloud Computing Seen Cutting 2014 IT Industry Sales