Infographic: 3Q21 Cloud Components Benchmark

Rebounding demand for licensed software and pay-as-you-go models supported vendors’ revenue growth in 3Q21

In 3Q21 average revenue growth for benchmarked vendors increased 12.6% year-to-year, partly due to a favorable year-ago compare considering the economic impacts of COVID-19 in mid-2020. Further, with many vendors operating transactional-heavy business models, rebounding demand for license products supported revenue growth during the quarter, especially for software-centric vendors like Microsoft and VMware. COVID-19 is causing customers to reevaluate their digital transformation plans; this may include migrating completely to a cloud environment, which will erode opportunities for some vendors while others will expand their existing data center investments through solutions like hyperconverged infrastructure.

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