Is Hardware Dead?

I currently work as a sales executive selling Data Center Hardware/On-Prem Infrastructure (SANs, Servers, Backup Repositories, Hyper-Converged Infrastructure). Some of our biggest competition comes from cloud providers, SaaS, IaaS (infrastructure as a service).

With the growing popularity of the cloud and other hosted consumption models, I’m curious what other IT sales executives think about the longevity of a career selling on-premise hardware? How long will selling DC hardware be a lucrative way for sales savages to make big money?

Interested to hear different opinions and comments!