HPE 'Already Winning,' Poised to Gain More AI Market Share
AI is driving the next wave of investment in innovation.
The global artificial intelligence (AI) market is growing rapidly and HPE is well-positioned to take more AI market share in the years ahead.
HPE’s Justin Hotard
That’s according to Justin Hotard, HPE’s executive vice president and general manager of high-performance computing, AI and labs. He spoke during Thursday’s HPE Securities Analyst Meeting.
HPE’s Antonio Neri
Antonio Neri, HPE‘s CEO, said over the last three years, HPE has strategically focused its portfolio on areas of high growth and high margin. Those include intelligent edge, hybrid cloud and AI. Each will create profitable market expansion opportunities that will help HPE fuel its growth.
“Customers continue to validate our strategy, turning to us to power critical business transformations,” he said. “And even in this macroeconomic environment, we continue to see them prioritizing data-first digital transformation initiatives. And those initiatives increasingly include AI, which is invigorating today’s IT spending. We anticipate the overall total addressable market (TAM) across our portfolio will rise by nearly $100 billion from the end of fiscal year 2022 to more than $340 billion by fiscal year 2026, when we eliminate some of the crossovers because obviously you have some elements of the portfolio that can be added in different segments, and we intend to capture this growth in TAM across the megatrends of edge, hybrid cloud and AI through a mix of HPE’s business segments.”
HPE to Take More AI Market Share in Years Ahead
AI is driving the next wave of investment in innovation, resulting in value creation in the IT market and the global economy, Hotard said.