Category Archives: Cloud Computing
Analysis on the Cloud Computing Market to 2030 – Featuring Adobe, Google and Oracle Among Others – GlobeNewswire
Dublin, March 04, 2022 (GLOBE NEWSWIRE) -- The "Cloud Computing Market Size, Share & Trends Analysis Report by Service (IaaS, PaaS, SaaS), by Deployment (Public, Private, Hybrid), by Enterprise Size, by End Use (BFSI, IT & Telecom, Retail & Consumer Goods), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global cloud computing market is expected to reach USD 1,554.94 billion by 2030, registering a CAGR of 15.7%. Cloud systems thrive at streamlining inter-organizational communication and providing a simplified alternative for managing corporate processes.
Due to cost savings, flexibility and scalability, data security, data storage, and team collaboration, about 70% of firms have already shifted to cloud-based computing for part of their services. For instance, in October 2020, Microsoft Corporation joined with ZEISS Group to improve health care and manufacturing quality through data solutions. Together with the simplicity of deployment and lower total cost of ownership, these advantages are likely to raise cloud computing demand throughout the forecast period, driving the market growth.
The outbreak of the COVID-19 pandemic is likely to impact businesses drastically, stifling innovation, suppressing profitability, and drying up cash flow and financial reserves. IT and software development industries have also been facing challenges due to this unforeseen outbreak. Although all the outcry of COVID-19 has produced personal, professional, and community life, it also presented business opportunities.
Thus, cloud computing solutions will support teams in learning to collaborate, and businesses can realize they can function effectively without having people in the office. This scenario is expected to propel market growth. To maintain employee well-being and operational efficiency, a growing number of businesses across multiple verticals have adopted the work-from-home model, driving up demand for Software-as-a-Service (SaaS)-based solutions.
Organizations are adopting cloud computing services as they provide insights into partnering tactics, go-to-market approaches, investments, alliance and acquisition strategies, and best operational practices. Moreover, cloud computing services help measure, correlate, and analyze business activities and ensure that company operations are in line with the customer demands. To get significant business insights for decision-making, many firms are investing in big data, IoT, artificial intelligence, and 5G technologies.
Big data technologies are becoming more popular because of the numerous advantages they provide, such as data integration, data segmentation, and business intelligence, to name a few. The growing need for analytics and big data technologies in cloud computing services is opening up plenty of new chances for the market to expand.
Key vendors in the market focus on introducing new cloud solutions, services, and workloads and upgrading of capabilities of their current offerings to strengthen their foothold in the market. Furthermore, vendors also engage in mergers and acquisitions to strengthen their market position and enhance their cloud capabilities.
For instance, in October 2020, SAP SE announced an agreement to acquire Emarsys, an omnichannel customer engagement platform provider. The acquisition allowed SAP SE to add the Emarsys customer engagement platform into SAP S/4HANA and Experience Management technology. Emarsys technology would allow SAP Customer Experience solutions to link commerce signals with the back office and activate the preferred channel of the customer with a relevant and consistently personalized message, thereby enabling customers to choose their engagements.
Cloud Computing Market Report Highlights
Market Dynamics
Market Driver Analysis
Market challenge analysis
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/r9xnba
Rush to cloud computing is outpacing organizations’ ability to adapt – ZDNet
Are we getting ahead of our abilities in the headlong rush to cloud? Moving to cloud doesn't mean the headaches of technology management are also being handed over to a third-party provider -- if anything, the rapid push to cloud may be getting ahead of organizations' ability to keep up.
Thanks to Covid crisis, the year 2020 was a boom year for cloud adoption, and it turns out things got pushed even deeper into the cloud during 2021. There's no end in sight to the cloud boom, and with it, new challenges to technology teams.
That's the gist of a recent survey of 300 IT executives by Harvard Business Review Analytic Services, underwritten by Splunk, which finds while at this moment, most organizations still have most of their technology systems in house. But get ready to start bidding farewell to on-premises IT. Things are going to shift dramatically, and within the next two years, most enterprises will be mainly running off the cloud.
Over the past year, 67% say their organizations accelerated the adoption or implementation of already planned cloud applications, services, or infrastructure -- an increase from the 56% who said their organization had done this as a result of the Covid-19 pandemic in the prior year's survey.
Cloud will just keep accelerating, the survey shows. The majority (65%) predict that more than 60% of their IT portfolio will reside in the cloud within two years. This represents a 30-percentage point jump from today. A total of 85% say at least 40% will be in the cloud by 2023, a similar 32 percentage points higher than those reporting that much is in the cloud today.
"However, the rapid acceleration and expansion of cloud has brought its own challenges -- not only in terms of integration and management, but also with regards to new cybersecurity, data privacy, ROI measurement, and cloud talent concerns," the study's authors point out. "With most respondents leveraging cloud in addition to their on-premises systems-and anticipating maintaining such a hybrid cloud infrastructure for the foreseeable future -- the difficulties of managing these complex environments effectively are evident."
For starters, 62% of IT executives say they are having difficulty keeping up with the rapidly evolving technology roles and responsibilities required to manage its increased cloud adoption. Managing data across mixed environments also creates new challenges. "As you add more cloud providers and more applications, your complexity changes a lot," according to Jay Bhat, information security officer at Franciscan Alliance, quoted in the study. "Every time you add a new environment, it increases the complexity of how you share and protect data and ensures only the appropriate data goes from one environment to another."
Educating the business is a vital piece of an effective strategy. The Harvard Business Review report describes how Chegg, an educational technology and information publisher, has been rearchitecting its cloud approach over the past year to create smaller, more flexible cloud accounts for use by its engineering teams. "We've been in cloud for so long, we've learned a lot of what's working and what isn't working," John Heasman, chief information security officer, is quoted in the study. "We ended up in a position where we needed to take a step back and look at our architecture to align with best practices in cloud infrastructure and improve our processes overall."
Heasman and his team concentrated on educating the company's leaders on the ways its cloud strategy will result in new services. "It's not just a case of saying, 'Here's a new account. It's yours,'" Heasman says. "It required a lot of planning to ensure the right level of oversight while still enabling our team to get the full benefit of cloud-native technology."
It's notable that hybrid on-premises/cloud environments will be the dominant mode for some to come. Eighty-five percent of respondents say their organization has a hybrid cloud environment today -- and 88% of those respondents anticipate that their organization will maintain a hybrid cloud approach for the foreseeable future.
In the unprecedented 2020-21 push to cloud, the dearth of talent to manage hybrid environments became the number-one hot-button issue. Here are the top issues that have arisen:
Again, many of these issues will fall to IT teams to address -- and cannot be effectively outsourced to cloud providers. The survey finds only 21% of IT executives strongly agree that their cloud vendors provide all the necessary tools and processes to manage and optimize their cloud environments, while 42% somewhat agree. "Cloud vendors will always oversell the value of cloud technology," according to Bhat -- especially when talking to non-tech business leaders. "The technology is just one piece of the puzzle," he says. "In order to get the value from it, you have to put the right people and processes in place and engage in the process of rolling out new functionality, testing it, and changing your business processes. Without that, you lose all the value of moving to the cloud."
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Rush to cloud computing is outpacing organizations' ability to adapt - ZDNet
Multi-Cloud Computing is a Major IT Headache – DevOps.com
A CloudBolt Software survey of 500 senior IT, DevOps, security and finance leaders found 79% are struggling under the weight of managing multiple cloud computing environments.
The survey from CloudBolt Software, a provider of a cloud management platform, found specifically that more than three-quarters of respondents (78%) said they have too many cloud tools throughout their enterprise, and 80% struggled to achieve comprehensive visibility into cloud usage and spending. A total of 80% also noted that their current approach to cloud computing created new security vulnerabilities.
A full 88% said they need a manager of managers that would enable them to unify the various silos that have multiplied across their IT environment.
Nevertheless, 78% of respondents said that moving to the cloud enabled them to achieve cost savings compared to running applications in an on-premises IT environment.
CloudBolt Software CEO Jeff Kukowski said the issue is not so much that IT organizations regret shifting workloads to the cloud; instead, the issue is finding a way to manage multiple clouds, each with their own set of tools and frameworks that need to be mastered.
Its not clear whether organizations are deliberately employing multiple clouds or if, because of simple inertia, they have found themselves managing multiple cloud platforms because of decisions made by various development teams. Some IT organizations, for example, employ multiple clouds because they are concerned about either becoming locked into a specific cloud computing service or whether an outage might take all their applications offline at the same time. Others are simply trying to take advantage of services that are better provided by one vendor than another.
Regardless of how IT organizations found themselves managing multiple clouds, the total cost of IT rises as each new platform is added to an IT environment. CloudBolt Software is making a case for an IT framework that provides a layer of abstraction through which the management of multiple clouds and on-premises IT environments can be unified. It is more a question of time and degree to which IT organizations will eventually consolidate the management of disparate IT environments under a single control plane that provides the foundation for true hybrid cloud computing, said Kukowski.
There are, of course, a few organizations that have standardized on a single cloud computing platform. The degree to which those organizations can maintain that standard will naturally vary as, for example, new workloads that may be optimized for a specific cloud environment are built or as companies acquire other organizations that are running workloads on other cloud platforms. In many of those cases, organizations discover that the cloud services invoked expose a range of proprietary application programming interfaces (APIs) and disparate virtual machines that make migrating workloads a major challenge.
Like it or not, most organizations will be managing multiple IT environments for the foreseeable future. The only thing that is uncertain is the volume of workloads that might be running on any one of those platforms at any given time.
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Multi-Cloud Computing is a Major IT Headache - DevOps.com
Cloud computing helps transportation industry get flexible, evolve to meet shifting consumer demands – FreightWaves
The internet has changed the way every industry and every individual functions on a fundamental level over the past two decades. Cloud computing has been a big part of that change, and it is easy to see why. Cloud adoption enables companies across all kinds of industries to improve data exchange,increase flexibility and utilize an abundance of modern technologies to gain greater connectivity to their customers.
The transportation industry has been slower to embrace cloud computing than many others, but companies throughout the space are starting to see the value of utilizing the cloud. As more and more shippers and carriers realize the benefits of cloud computing, it will be important for truckload and logistics providers to roll out solutions that meet their customers and partners where they are.
Cloud-based solutions think Uber and Airbnb have quickly overtaken their more traditional competitors in other industries. In time, a similar trend will likely be observed in transportation and logistics. This is especially true as the overall emphasis on connectivity and integration continues to strengthen in the space.
Werner Enterprises has been on the front lines of the cloud computing movement, announcing its intention to undergo a full-scale migration to cloud computing in late 2020 through its Cloud First, Cloud Now initiative.
Our customers are becoming increasingly interested in cloud and SaaS platforms and are beginning to embrace the notion of an API economy. As they move into those spaces, they will face connectivity issues without cloud-based solutions, Werner Chief Information Officer Daragh Mahon said. For us to be competitive in the marketplace now and in the future, we have to be a technology leader and make sure our solutions are usable by our employees and customers.
Cloud-based solutions offer companies a new level of access to data within the organization and across the trucking industry. Collecting a complete data picture during every delivery wards against downtime for unplanned maintenance, potential driver safety concerns and other unforeseen disruptions by allowing companies to predict them before they ever occur.
Additionally, companies across the supply chain are being asked to adapt and scale quicker than ever before. This change is fueled by both evolving consumer demands and increased expectations between partners and providers. Cloud computing ultimately offers companies the ability to meet these demands through rapid expansion via APIs.
While its clear that the cloud will play an important role in the future of transportation, many companies are still hesitant to explore these newer solutions and build out their offerings. Mahon encourages companies to be open to a combination of buying and building products, taking off some of the pressure.
At Werner, were only going to build what we need to build. Were going to buy the remaining solutions, including commercially available products, off the shelf. The technology we build in-house will be our secret sauce, Mahon said. We know how to move freight for our customers really well, but I think the real difference is our customer service. Were known in the industry for helping customers fix problems that no one else knows how to tackle. Our approach to how we build our tech stack allows us to accelerate operational efficiencies and maintain the service our customers require to be successful.
Ultimately, Werners customers have been excited about the opportunities that come with a cloud-based solution, according to Mahon. This is a strong sign that it may be time for companies across the space to begin embracing the cloud as well.
The FREIGHTWAVES TOP 500 For-Hire Carriers list includes Werner Enterprises (No. 10).
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Cloud computing helps transportation industry get flexible, evolve to meet shifting consumer demands - FreightWaves
CaseWare survey finds two thirds plan to increase use of cloud computing solutions – Accounting Today
Nearly two-thirds of accountants plan to adopt some form of cloud computing technology over the next two years. according to a recent survey, and a third of them are expecting to do so within the next 12 months.
The survey of over 3,000 accounting professionals, which was part of audit and analytics software provider CaseWare International's 2022 State of Accounting Firms Trends Report, found that the most common reasons firms plan to invest in cloud technology are for easier collaboration and reducing errors via standardization of processes and tasks. Relatedly, 45% said it would improve relationships with clients, and 41% said it would save time and control costs. Other reasons cited include having real-time access from portable devices, increased security, risk mitigation, and improving flexibility and scalability.
While 77% of respondents already use collaboration software to communicate and share files with their clients, the majority of users (57%) said their overall client engagement process is not as efficient as theyd want, pointing, for example, to finding time to use the technology and internal resistance to new tools.
Technology overall is on the minds of a great number of accounting firms: The poll found that 43% cited using new technologies as the biggest practice management challenge encountered over the past year, outranked only by new tax laws, at 47%.
We are driven by the needs of the industry and what we hear from this report is that remote work has accelerated the move to the cloud and those who are embracing new technologies have the competitive edge, said CaseWare CEO Dave Osborne in a statement. This is a clear indication that firms of all sizes need tools that go beyond securely sharing files, and the cloud is where the adventurous forward-thinkers are headed to equip themselves for effective collaborative work.
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CaseWare survey finds two thirds plan to increase use of cloud computing solutions - Accounting Today
This new AWS tool shows customers the carbon footprint of their cloud-computing usage – ZDNet
Amazon Web Services (AWS) has released a tool that helps customers see how much carbon dioxide (CO2) their use ofcloud-computing services releases.
AWS has launched the free Customer Carbon Footprint Tool to help its customers understand the carbon emissions their EC2 instances and other compute and networking services are generating.
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The reports detail the emissions used in commercial AWS regions and is calculated monthly. AWS notes there is a three-month delay to its reporting due to "the underlying billing cycle of the electric utilities that supply us with power."
SEE: Most eco-friendly smartphone? Apple vs Samsung in the race against e-waste
The tool can be opened from the AWS Billing Console after clicking the "Cost & Usage Reports" section from the menu. The Customer Carbon Footprint Tool provides a summary of emissions across regions through services including EC2 and its S3 storage service. All measurements are provided in Metric Tons of Carbon Dioxide Equivalent (MTCO2e).
AWS's new tool adds to the trend among tech firms to boost and measure how much their services are impacting the environment. AWS's new tool comes just after Salesforce and Google announced general availability of Net Zero Cloud 2.0 to help customers become "net zero" in a carbon output sense.
In 2020,Microsoft joined the Amazon co-founded The Climate Pledge, which aims to achieve net-zero carbon across its businesses by 2040, 10 years ahead of the Paris Agreement target.
While large-scale data centers operated by Apple, Microsoft, Google, Amazon and Facebook do consume a lot of energy, they can also be more efficient than traditional data centers. IDC estimates that between 2021 and 2024, the shift to cloud computing should prevent at least 629 million metric tons of CO2 emissions.
AWS notes that it can help customers lower their carbon footprint by 88% compared to standard enterprise data centers, according to a study it commissioned from 451 Research.
AWS is also backing the programming language Rust to reduce energy consumption through more efficient code. Datacenters make up 1% of the world's energy consumption, amounting to about 200 terawatt hours of energy a day. AWS engineers cite research showing that broad adoption of C and Rust could at least half computing energy consumption.
Most Big Tech companies are aiming to reduce their carbon emissions. IBM plans to achievenet-zero carbon dioxide emissions by 2030 while Microsoft says itsentire supply chain would be negative by 2030. Facebook claims it willreach net-zero CO2 emissions by 2030. Google has been carbon neutral since 2007, and it's aiming torun its whole business carbon free by 2030. Apple wants itself and itssupply chain to be carbon neutral by 2030.
Microsoft yesterday launched a new sustainability industry team to power its efforts, which is being led by former Shell executive Elisabeth Brinton. She'll work closely with Microsoft's chief environmental officer, Lucas Joppa, according to aLinkedIn post from Microsoft.
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This new AWS tool shows customers the carbon footprint of their cloud-computing usage - ZDNet
SAP to offer cloud computing – The News International
KARACHI: A global tech giant SAP has announced to leverage cloud computing technology in Pakistan as part of its plans for 2022, The News learnt on Friday.
The facility would help organisations reduce complexity, optimise costs, enable real-time decision making, and support new digital business innovation, SAP informed.
The decision has been taken to support and accelerate digital transformation in the country, announced Saquib Ahmad, managing director SAP Pakistan, during a media session organised at a local hotel in Karachi.
Cloud computing, which involves delivering hosted services over the internet, is recognised as a core technological building block for digital innovation, and businesses prefer adopting a cloud-first strategy in their IT operations.
Talking about SAPs existing portfolio for the promotion of cloud strategy across public and private sectors, Ahmad explained how SAPs cloud offerings enable companies optimise their end-to-end processes and innovate with new capabilities in the cloud, while reducing operating costs, improving productivity, and unlocking new opportunities for growth.
He further underscored SAPs plans to increase its efforts to provide better online security for its clients, highlighting security as one of the persistent issues organisations face in an online world.
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SAP to offer cloud computing - The News International
Understanding the complexities of cloud economics is crucial to successful deployments – Healthcare IT News
While the cloud offers great promise to healthcare organizations, understanding the complex economics of various types of cloud deployments will be a critical success factor.
There are also operational costs that must be considered, as organizations will be paying cloud providers for everything they do in the cloud.
This could include paying for virtual machines, the compute side of the workloads, as well as charges for how many CPUs the organization is going to have and how much memory it is consuming.
As cloud economist Joseph Williams, Seattle Director for the Pacific Northwest National Laboratory, will explain in an upcoming HIMSS22 Digital session, organizations must architect their programs differently and optimize the costs of a multi-cloud strategy.
For example, if you're looking to avoid paying for storage in the cloud by storing data offline, you may incur I/O charges for moving the data back up to the cloud to run it and for moving the data out of the cloud back onto site after it has been run.
"It could be that those I/O charges exceed the storage costs," Williams said. "So you have to deal with that interplay to figure out what the best strategy is."
Williams noted the end goal of cloud computing in healthcare should always be improvement of patient outcomes.
The ability to use better tools, enhance accessibility, improve collaboration and reduce downtime are four key areas where investment in cloud computing can improve patient outcomes.
By connecting labs, primary care physicians, hospitals and pharmacies, the cloud allows them to share data and processes safely and securely. That also means the organization may be running up compute workloads and licensing costs, the economics of which must be kept in mind.
In fact, third party tools may be more helpful in optimizing the overall cloud spend.
Private clouds carry higher costs than public clouds, but the advantage to a private cloud is that it is basically a dedicated facility or dedicated workloads. A hybrid cloud solution carries its own cost frameworks, which requires an economic analysis on one versus the other.
"You need to benchmark, audit and evaluate your performance in the cloud so that you have a good handle on the cost that you're incurring and how you're managing its costs," said Williams.
Joseph Williams' will explain more in his HIMSS22 Digital session, "Demystifying the Economics of Cloud Based Models in Healthcare." It's scheduled to air on Wednesday, March 16, from 9:25-9:50 a.m. EDT
Nathan Eddy is a healthcare and technology freelancer based in Berlin.Email the writer:nathaneddy@gmail.comTwitter:@dropdeaded209
Three GE Healthcare leaders outline their vision for AI and the cloud in medtech – Medical Design and Outsourcing – Medical Design & Outsourcing
Set to spin off from parent company GE (NYSE:GE) next year, GE Healthcare leverages artificial intelligence (AI) to help providers improve efficiency, patient outcomes and access to care.
The medtech giants offerings include AI-based imaging applications and its Edison Health Services platform.
As part of the Medical Design & Outsourcing cloud conversation series with medtech innovators and leaders, three leaders from GE Healthcare Life Care Solutions Chief Technology Officer Roshy Francis, SVP and Imaging Solutions GM Rekha Ranganathan, and VP and Edison AI and Platform GM Vignesh Shetty offered their vision for the cloud-enabled future of healthcare.
This conversation has been edited for space and clarity.
MDO: What are some surprising and inspirational examples of what cloud computing enables with regard to medical device design, manufacturing and capabilities/performance?
RANGANATHAN: With the recent technological advances in cloud connectivity and remote operations becoming more accepted by physicians and providers, the vision of collaborating across the globe and bringing care to patients has become a reality. For example, cloud enablement is now offering the ability to view images and collaborate remotely from anywhere. They can also train technologists and control scans remotely and efficiently. More experienced technologists can also access imaging systems and work with more junior technologists remotely to increase the level of care to patients, driving the right protocol management and expedite processes. In addition, cloud-based protocol management lets us disseminate good practices to sites regionally or globally. This allows us to get the best images for our patients and have optimized, patient-specific care. It has helped significantly reduce the need for hospital networks to perform manual device updates, reducing costs, time, and labor. The solution can scale on demand to serve small practices and large, multi-facility networks and across their fleet of systems.
FRANCIS: The pandemic has overwhelmed hospital systems around the world. The patient complexity has increased with multiple comorbidities. These dynamics require multi-specialty care teams to collaborate to make timely and accurate decisions in acute care settings. Clinical care teams can now virtually come together around a patient, with a complete picture of the patient from various systems, without having to be physically present at the bedside. We have deployed solutions on the cloud that help ensure care protocol compliance in the ICU and Labor & Delivery, for timely interventions that lead to improved patient outcomes. We are now deploying solutions that allow complex procedures like anesthesia delivery to be monitored and guided by experienced anesthesiologists remotely.
SHETTY: During the pandemic there was a ramp-up in demand for home-reporting and virtual consultation solutions, with many radiologists and diagnostic staff working from home. This had a positive effect on cloud adoption. Such are the access and elasticity benefits offered by cloud solutions versus on-premise for remote and distributed care networks.
RANGANATHAN: Previously, doing remote intervention or providing a platform for the care team to collaborate across oceans only happened in sci-fi novels and movies. But the advent of 5G technologies and cloud networks, transmitting complex content in milliseconds is a reality. Interventionalists can collaborate with each other with videos streaming real-time from cath labs or operating theaters, especially for complex procedures to bring the best patient care possible. With healthcare organizations moving toward value-based care models, collaboration is essential between doctors, departments, and even institutions. Medical providers can transfer data between each other through a cloud computing server, boosting cooperation, discussing dashboards and treatment options for increasing patient care and making it more personalized for better treatment. Knowing the treatment pathway, patient outcomes, and providers involved makes it easier to enable true risk-sharing models which before were not possible.
FRANCIS: Through aggregation of data across many disparate systems, we will soon be able to build a comprehensive, longitudinal view of a patient from hospital to home. Some of the big data technologies in the cloud are accelerating research that generate insights using machine learning that were previously not possible. Being able to monitor the patients condition across the care continuum will also allow moving patients from acute settings to general wards and to home with confidence, reducing costs without sacrificing quality.
SHETTY: For many physicians, the main hurdle to AI adoption is really getting experience with the technology while minimizing risk and distraction. Many are afraid to try without knowing that its not going to interfere with their clinical routine. Its a quandary that can only be resolved with thoughtful, targeted AI based on longitudinal patient data that builds trust. Trust leads to utilization, which will unleash AIs true potential. When it comes to deployment, an important hurdle is how to ensure safety and efficacy over time as AI algorithms on device and edge adapt and evolve, through the continual evaluation of performance and assessing the need for reapprovals of specific AI solutions. This becomes significantly more frictionless on the cloud.
MDO: And finally, what sort of big, futuristic dreams do these or other advancements inspire?
RANGANATHAN: With cloud computing, distributed networks and 5G connectivity, we can truly bring quality care to the patient, regardless of location. That means in the hospital, in their home or in the field. We can also achieve faster diagnoses with access to the best physicians for patients who are in remote locations or rural areas. This will greatly improve access to care regardless of socioeconomic or geographic challenges and enable physicians to also deliver more personalized care and be more precise with outcomes.
FRANCIS: We believe that hybrid cloud computing, together with advances in 5G and artificial intelligence, will accelerate digitization of healthcare worldwide. In the past, digitization meant replacing an older, paper-based workflow in a department with an electronic equivalent limiting the impact of digitization on patient outcomes. Today, advanced enterprise-wide solutions that allow clinicians to visualize the patient throughout the continuum of care remotely are already being deployed at scale. In the future, access to big data that are being aggregated by these solutions, combined with easily accessible AI development technologies, will drive creation of novel applications that deliver predictive insights that will enable timely interventions by clinicians, dramatically improving outcomes.
SHETTY: Over and above anything else, we must prove that AI works and provide a prescription for hospitals to lead their own AI adoption. For them, putting AI into the workflow and growing utilization is of primary importance. For years we have been talking about the possibilities of AI in healthcare, often with the assumption that breakthroughs will come from big tech. We increasingly believe that the major innovators are small- to medium-sized companies with deep domain expertise working closest to the action at the clinical level that partner with the incumbents who have years of expertise and relationships in this domain. This is what is possible with a cloud-based AI ecosystem enabled by a platform.
Read more from our conversations with leaders at companies such asJohnson & Johnson,Microsoft,Philips,Google and Delta Development.
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Three GE Healthcare leaders outline their vision for AI and the cloud in medtech - Medical Design and Outsourcing - Medical Design & Outsourcing
Global Telecom Cloud Market By Type, By Application, By Computing Services, By Services Type, By Organization Size, By Vertical, By Regional Outlook,…
ReportLinker
The Global Telecom Cloud Market size is expected to reach $ 63. 8 billion by 2027, rising at a market growth of 21. 1% CAGR during the forecast period. The term "telecom cloud" refers to the telecommunications industrys transition from traditional landline services to modern cloud computing solutions.
New York, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Telecom Cloud Market By Type, By Application, By Computing Services, By Services Type, By Organization Size, By Vertical, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" - https://www.reportlinker.com/p06241036/?utm_source=GNW Companies can take advantage of networking resources more efficiently due to their shift to cloud computing. The telecom cloud market will benefit industries by allowing them to use cloud computing for information technology optimization.
Mobile networking hardware manufacturers, such as 5G equipment makers, and mobile telephony software development businesses can bundle their products with the cloud data center orchestration capabilities and sell them to CSPs in regional markets throughout the world as full solutions.
When combined with infrastructure-as-code methodologies, the level of operational standardization enabled by NFV and the inherent benefits of virtualization provide a tried and proven method for TSPs to deploy new technologies across all regions of service according to the demands of scale while saving money on data center networking costs. International vendors can bundle their product with the data center orchestration software as a full solution, which can then be trained by integrators or telecom personnel for use as mobile telephony.
COVID-19 Impact Analysis
The COVID-19 pandemic has impacted various segments of the business domain. Due to the imposition of various regulations across the globe like complete lockdown, ban on import & exports and temporary ban on manufacturing units, many companies have witnessed a decline in their sales and revenue. In addition, this pandemic has compelled companies to shift to cloud-based solutions to overcome various challenges.
In many regions of the world, adoption of next-generation communication technologies such as 5G network deployments has accelerated, and service automation has become a top priority. According to research published by Nokia, more than 64% of communication service providers are focusing on boosting the automation of operational services using cloud technology. Owing to these features and rapid pace of digitalization, the demand for telecom cloud would witness a surge in the coming years.
Market Growth Factors:
Quick deployment and scalability of services
Telecom cloud solutions and services enable telecom operators and communication service providers to rapidly scale up when demand is high and scale down when demand is low, allowing for faster deployment and scalability of services. Scaling up and down with these modern telecom cloud platforms is substantially faster and less expensive than with legacy on-premises telephony systems. This would enable telecom operators and communication service providers to strike a more effective balance between their services and cost management, which would lead to a far more flexible business model.
High demand for cloud native environments as well as Open RAN and a private 5G network
The transition to the cloud for many telecom companies has been made easy by the digital transformation and the workflows for the new business. Cloud technologies are being adopted by businesses in order to get a competitive advantage and differentiate themselves in the market. In the future, investment on cloud infrastructure and business intelligence (BI) is likely to rise.
Market Restraining Factors:
Risk of information loss
The digital era has seen a buzzing technology called the cloud, but the cloud develops some serious concerns. The risk of data loss is always there when users do not have the information saved in their private systems. This risk of data loss exists when the data is unintentionally deleted by the user, thinking that it would be saved somewhere else or when the system gets corrupted. Overwriting of data is also one of the serious concerns of the clients.
Type Outlook
On the basis of type, the telecom cloud market is segmented into public cloud, private cloud, and hybrid cloud. The private cloud segment procured a substantial revenue share in the telecom cloud market in 2020. Rapid technical advancements have fueled the growth of the private cloud segment. The rise of internet-based services and applications, such as social media, video streaming, and online payments, has raised the demand for secure data storage. Similarly, the growing volume of data in industries like BFSI, IT & telecom, healthcare, government, retail, and others has prompted these industries to utilize private cloud services.
Application Outlook
By application, the telecom cloud market is divided into Enterprise Application, Data Storage, Computing, Archiving and others. The enterprise application segment acquired the maximum revenue share in the telecom cloud market in 2020. Enterprise application software is a collection of programs that share business applications and organizational modelling tools to provide unrivalled functionality. Any computer-based information system would be incomplete without EA software. Through business level support functionality, EA software eventually improves efficiency and productivity.
Computing Services Outlook
Based on the computing services, the telecom cloud market is fragmented into SaaS, PaaS and IaaS. The SaaS segment dominated the telecom cloud segment with the largest revenue share in 2020. Network maintenance, network device monitoring, monthly status reporting, upgrade/patching deployment, and user management are all examples of these services, which would attract more customers in the forecast years.
Services Type Outlook
On the basis of services type, the telecom cloud market is bifurcated into Network & Management Services and Colocation Services. The network & management services segment witnessed the highest revenue share in the telecom cloud market in 2020. This growth is attributed to the various services provided under this segment including network maintenance, monitoring of attached network devices, monthly status reporting, upgrade/patching deployment, and user management.
Organization Size Outlook
By organization size, the telecom cloud market is segregated into small & medium sized enterprises and large enterprises. The small & medium sized enterprises segment acquired a significant revenue share in the telecom cloud market in 2020. It is due to the fact that these telecom cloud services are cost effective and are easy to deploy, which makes it convenient for SMEs to operate in the competitive world.
Vertical Outlook
Based on vertical, the telecom cloud market is divided into BFSI, retail & consumer goods, healthcare, manufacturing, media & entertainment and others. The BFSI sector dominated the telecom cloud market with the largest revenue share in 2020. The banking, financial services, and insurance industry has begun outsourcing non-core tasks in order to decrease costs. Banks benefit from outsourcing since it allows them to save expenses and increase efficiency. As a result, channelized content insights and precise banking information are required, which can be unified via a telecom cloud solution.
Regional Outlook
Region-wise, the telecom cloud market is analyzed across North America, Europe, Asia Pacific and LAMEA. North America emerged as the leading region in telecom cloud market with the maximum revenue share in 2020 and is anticipated to continue this trend over the forecast period. This growth is attributed to the fact that large companies with technically skilled staff have a significant presence across this region, which would provide constant revolutionary technology.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Verizon Communications, Inc. is the major forerunner in the Telecom Cloud Market. Companies such as Orange S.A., Deutsche Telekom AG, Telefonica S.A. are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Telstra Corporation, Orange S.A. (Orange Business Services), Telefonica S.A., Vodafone Group Plc, Deutsche Telekom AG, AT&T, Inc. (AT&T Intellectual Property), Verizon Communications, Inc., BT Group plc, Lumen Technologies, Inc., and SK Telecom Co., Ltd.
Recent strategies deployed in Telecom Cloud Market
Partnerships, Collaborations and Agreements:
Oct-2021: Lumen extended its partnership with Cisco, an American multinational technology conglomerate corporation. This partnership includes a new solution viz. Lumen Solutions for Cisco Unified Communications Manager Cloud (UCMC). In addition, the new solution would integrate Ciscos sophisticated, cloud-based collaboration services with the reliability and speed of Lumens global fiber network, which makes it well-suited for the companies that have already invested in Cisco Webex or those that are planning to do it.
Oct-2021: Verizon formed a partnership with AWS, a subsidiary of Amazon providing on-demand cloud computing platforms and APIs. Following the partnership, Verizon introduced private mobile edge computing for enterprises with AWS Outposts. Moreover, Verizons private mobile edge compute solution with AWS Outposts is available for enterprise customers across the U.S. Moreover, Verizon 5G Edge with AWS Outposts can be considered as a cloud computing platform that brings compute and storage services to the edge of the network on the customer premises. Verizon 5G Edge with AWS Outposts is a cloud computing infrastructure that offers compute and storage capabilities to customers premises at the networks edge.
Sep-2021: BT Group partnered with Oracle, an American multinational computer technology corporation. Following the partnership, the BT Group selected Oracle Communications Cloud-Native Converged Policy Management to optimize its network resources and introduce new 5G capabilities to market rapidly. In addition, the solution would allow BT to rapidly and smoothly test and install 5G services such as live streaming and zero-rated 5G content across its EE mobile network.
Sep-2021: Telefnica signed a multi-year agreement with IBM, an American multinational technology corporation. Following the partnership, IBM intelligent automation software and services would be deployed to UNICA Next, Telefnicas first-ever, cloud-native, 5G core network platform. Moreover, Telefnicas goal with UNICA Next is to gain the agility, reliability, and efficiency necessary to continuously improve its services.
Sep-2021: Telefonica entered into a multi-year partnership with Oracle, an American multinational computer technology corporation. Following the partnership, the two companies would together expedite Telefonicas cloud deployment and the development of new communication services for consumers as well as the companies.
Jul-2021: AT&T formed a collaboration with Google, an American multinational technology company. Following the collaboration, the two companies introduced new solutions across AT&Ts 5G and Google Clouds edge computing offerings, including AT&Ts on-premises Multi-access Edge Compute (MEC) solution, and AT&T Network Edge offerings through LTE, 5G, and wireline.
Jul-2021: BT Group came into a partnership with Microsoft, an American multinational technology corporation. This partnership would boost innovation and development in the telecom industry and redefine the future of voice calling. Moreover, the partnership would enable the development of innovative new cloud-based products and services for BTs voice customers and the broader telecoms sector.
Jul-2021: Verizon signed a five-year agreement with Ericsson, a Swedish telecom company. Under this agreement, Verizon would use various technology solutions of Ericsson to expand its ultra-wideband 5G coverage. These solutions include Ericsson Spectrum Sharing, Massive MIMO, and the Ericsson Cloud Radio Access Network.
Jul-2021: Vodafone joined hands with Nokia, a Finnish multinational telecommunication, information technology, and consumer electronics company. Following the collaboration, the two companies together designed an Anomaly Detection Service, a machine learning (ML) product, running on Google Cloud, to rapidly identify and alleviate network anomalies before they become a pain for the Vodafone customers. Moreover, the new service is developed on Nokia Bell Labs technology and would be available across Vodafones pan-European network.
Jun-2021: AT&T came into a partnership with Microsoft, an American multinational technology corporation. Following the partnership, the two companies would bring the carriers 5G workloads to the Azure for Operators platform and provide AT&T access to Microsoft artificial intelligence, cloud, and edge technology to help with launching new 5G-enabled services.
May-2021: Verizon partnered with RingCentral, a company that offers companies different cloud-based business communications solutions. Under this partnership, the two entities would jointly develop a unique co-branded service, RingCentral with Verizon, smooth integrated unified communications as a service (UCaaS) solution for enterprise businesses.
Apr-2021: BT Group joined hands with Telefnica, a Spanish multinational telecommunications company. Under this partnership, the two companies would together run a multi-operator and multi-location trial with the help of the MobiledgeX platform running on top of edge infrastructure offered by the engaged operators.
Apr-2021: Verizon teamed up with Amazon Web Services, a subsidiary of Amazon providing on-demand cloud computing platforms. Following the collaboration, the two companies introduced a mobile edge computing platform that covers a private 5G network and AWS Outposts. The new platform would be suitable for applications in factories, warehouses, and corporate business campuses. Moreover, the managed service offering utilizes Verizons network for Outposts connectivity wherein Outposts can be defined as the on-premises IT system that includes computing, storage, and memory options.
Mar-2021: Lumen joined hands with IBM, an American multinational technology corporation. Following the collaboration, the two companies would combine IBM Cloud Satellite with the Lumen edge platform to allow customers to leverage hybrid cloud services in near real-time and develop unique solutions at the edge.
Feb-2021: Deutsche Telekom formed a collaboration with Reply, a company that specializes in consulting, system integration, and digital services. Following the collaboration, the two companies introduced the Access 4.0 (A4) platform. Moreover, the two companies would together substitute traditional hard-wire systems with extremely automated and microservice-based technologies.
Feb-2021: Lumen extended its partnership with VMware, an American cloud computing and virtualization technology company. Following this partnership, the two companies would accelerate the design, development, and delivery of edge computing and safer, work-from-anywhere solutions. Moreover, the integrated capabilities of the two entities would allow customers to provide enhanced experiences for any application, to any device, from the global cloud core to the distributed network edge.
Acquisitions and Mergers:
Jul-2021: Telefnica completed the acquisition of Altostratus Cloud Consulting, a company that specializes in multi-cloud services and Google Cloud Premier Partner for Southern Europe. The acquisition would expand the cloud capabilities of Telefonica, including extremely highly qualified professionals to the company, and strengthen the industry by extending its positioning with the main hyperscalers.
Product Launches and Product Expansions:
Jun-2021: Orange introduced Europes first 5G Stand Alone (SA) fully end-to-end cloud network from devices to IS in a cloud-native mode. Through this launch, the company would continue to differentiate and lead through the quality of experience it provides to its consumers as it advances toward a "zero-touch network".
Geographical Expansions:
Dec-2021: Telstra expanded its geographical reach by expanding its network infrastructure in the US. Following the expansion, the company would triple its capabilities at a primary data center in Ashburn, Virginia. This would bolster the global telecommunications and technology companys ongoing efforts to support customers across the U.S. by making network investments and including new points of presence (PoP).
Nov-2021: Nov Vodafone expanded its geographical reach by expanding its core network in Europe. Following this, the company would implement VMwares comprehensive Telco Cloud Platform to manage the workloads on its 5G standalone core networks across Europe. In addition, VMwares goal is to automate and coordinate all network processes and services for the telecoms core networks, regardless of whatever vendor they come from.
Scope of the Study
Market Segments covered in the Report:
By Type
Public Cloud
Private Cloud and
Hybrid Cloud
By Application
Enterprise Application
Data Storage
Computing
Archiving, and
Others
By Computing Services
SaaS
IaaS, and
PaaS
By Services Type
Network & Management Services and
Colocation Services
By Organization Size
Large Enterprises and
Small & Medium Enterprises
By Vertical
BFSI
Retail & Consumer Goods
Healthcare
Manufacturing
Media & Entertainment and
Others
By Geography
North America
o US
o Canada
o Mexico
o Rest of North America
Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe