Cisco's cloud market is rapidly expanding, with a projected growth in cloud infrastructure and services from $22 billion in 2013 to $42 billion by 2017. Customers are increasingly adopting a cloud-first strategy, focusing on hybrid and private cloud deployments, which present over $100 billion in hybrid cloud opportunities. The Intercloud concept envisions a globally connected network of various clouds, emphasizing the importance of technology, services, and partnerships in this evolving landscape.