Category Archives: Cloud Computing
Cloud Computing in Government Market Expected to Reach Highest CAGR 2028: The major players covered in Cloud Computing in Government are:, Adobe…
This report 2021 is an overview of the Cloud Computing in Government industry. The Cloud Computing in Government market report gives a better understanding of the market considering the evolving trends and the impact of the trends on the companies operating in the market. The Cloud Computing in Government industry is studied comprehensively to examine the competitiveness of Cloud Computing in Government industry. The report provides valuable information of the market which is beneficial for all the market participants across the globe. Companies operating in the market are deeply studied and their developmental opportunities in the next five years.
Vendor Profiling: Global Cloud Computing in Government Market, 2020-28:The major players covered in Cloud Computing in Government are:Adobe SystemsNetAppEllucianBlackboardMicrosoftCiscoSalesforceInstructureDell EMCOracleSAP
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The market trends, market size, opportunity analysis, technological interventions, applications, growth ratios, marker position, demand drivers, key development strategies, and market forecast for 2022-2027. The report studies the undergoing positive or negative shifts in the Cloud Computing in Government market in terms of consumer demands
Analysis by Type: By Type, Cloud Computing in Government market has been segmented into:HardwareSoftwareServices
Analysis by Application: By Application, Cloud Computing in Government has been segmented into:Training & ConsultingIntegration & MigrationSupport & Maintenance
The report elaborates the favorable drivers of production and growth is studied in the report. The economic activities taking place in the Cloud Computing in Government market related to the manufacturing of products and goods. Moreover, innovative technologies integrated to improve processes and products, improve traditional manufacturing processes are included in the study.
Regional Analysis:
North America (U.S., Canada, Mexico) Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS) Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific) Latin America (Brazil, Rest of L.A.) Middle East and Africa (Turkey, GCC, Rest of Middle East)
Meanwhile, the atmosphere of the Cloud Computing in Government sector allows for a complete and systematic study of vendors performance and organization, including financial results, regional and segmental sales, and so on.
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Table of Contents Chapter One: Report Overview 1.1 Study Scope1.2 Key Market Segments1.3 Players Covered: Ranking by Cloud Computing in Government Revenue1.4 Market Analysis by Type1.4.1 Global Cloud Computing in Government Market Size Growth Rate by Type: 2020 VS 20261.5 Market by Application1.5.1 Global Cloud Computing in Government Market Share by Application: 2020 VS 20261.6 Study Objectives1.7 Years Considered
Chapter Two: Global Growth Trends by Regions 2.1 Cloud Computing in Government Market Perspective (2015-2026)2.2 Cloud Computing in Government Growth Trends by Regions2.2.1 Cloud Computing in Government Market Size by Regions: 2015 VS 2020 VS 20262.2.2 Cloud Computing in Government Historic Market Share by Regions (2015-2020)2.2.3 Cloud Computing in Government Forecasted Market Size by Regions (2021-2026)2.3 Industry Trends and Growth Strategy2.3.1 Market Top Trends2.3.2 Market Drivers2.3.3 Market Challenges2.3.4 Porters Five Forces Analysis2.3.5 Cloud Computing in Government Market Growth Strategy2.3.6 Primary Interviews with Key Cloud Computing in Government Players (Opinion Leaders)
Chapter Three: Competition Landscape by Key Players 3.1 Global Top Cloud Computing in Government Players by Market Size3.1.1 Global Top Cloud Computing in Government Players by Revenue (2015-2020)3.1.2 Global Cloud Computing in Government Revenue Market Share by Players (2015-2020)3.1.3 Global Cloud Computing in Government Market Share by Company Type (Tier 1, Tier Chapter Two: and Tier 3)3.2 Global Cloud Computing in Government Market Concentration Ratio3.2.1 Global Cloud Computing in Government Market Concentration Ratio (CRChapter Five: and HHI)3.2.2 Global Top Chapter Ten: and Top 5 Companies by Cloud Computing in Government Revenue in 20203.3 Cloud Computing in Government Key Players Head office and Area Served3.4 Key Players Cloud Computing in Government Product Solution and Service3.5 Date of Enter into Cloud Computing in Government Market3.6 Mergers & Acquisitions, Expansion Plans
Highlights of the Report The new technologies spurring market development in terms of production techniques and business models transforming production are detailed in the report. The at-risk market segments along with the products and services are highlighted in the report. The countries operating in the Cloud Computing in Government market that are best responding to the new production paradigms through new market strategies and by leveraging production are studied in the report. The factors and conditions that are greatly impacting the production systems and developments in the market are studied in the report. Statistical analysis and market references are presented in the report. The potential gaps related to each market segment are given in the report.
Why Buy This Report The report provides financial status of the Cloud Computing in Government market, studies the leading companies, and provides financial status of the market studying market size, CAGR, annual sales, profitability, market value, and annual production. The report investigates the key areas that have investment opportunities considering the local, domestic, as well as target market. The demand and supply trends, marketing strategies, distribution network of the Cloud Computing in Government market are studied in the report. The market ideas for market fortification and recovery strategies from covid-19 led economic downfall and threats are given in the report.
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The report covers all of the most recent market definitions, orders, applications, and commitment information for the Cloud Computing in Government market, all of which are required to succeed in the market. This study also includes a high-level assessment of the business, as well as detailed corporate trends that impact client growth.
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Cloud Computing in Government Market Expected to Reach Highest CAGR 2028: The major players covered in Cloud Computing in Government are:, Adobe...
Prediction: Amazon Stock Will Be Worth More Than Apple in 10 Years – Motley Fool
Most people think of Amazon (NASDAQ:AMZN)as an e-commerce company, and for good reason. It has become the online marketplace of choice for millions of consumers around the world. But the company also participates in two other expanding industries, both of which could fuel significant growth in the coming decade.
In this Backstage Pass video, recorded on Jan. 4, Motley Fool contributor Trevor Jennewine explains why Amazon could surpass Apple (NASDAQ:AAPL)as the world's most valuable company in 10 years' time.
Trevor Jennewine:The company competes in three high-growth industries. You've got e-commerce, cloud computing, and digital advertising. The market cap is $1.7 trillion right now. I think that could double in the next five years, I certainly think it could surpass Apple a decade from now.
Just to put its competitive edge in perspective, within the US e-commerce market, Amazon holds 41% market share. The next closest competitor is Walmart with 6.6% market share. So it's multiple times higher than the next closest competitor.
In cloud computing, Amazon has 32% global market share. The next closest competitor is Microsoft with 21%. That cloud computing side of its business AWS, the operating margin on AWS was about 29% in the most recent quarter compared to about 4% in its North American e-commerce business and 1% in its international e-commerce business. This is the cash flow growth engine for the company.
Digital advertising is turning into another one. They currently have 11.6% market share in the digital advertising market. That's up from about 8% in 2019, and it's expected to rise to about 15% by 2023. Meanwhile, [Alphabet's] Google and [Meta Platforms'] Facebook are still the top two dogs in that market. But Google's market share is expected to fall by about 2% by 2023, down to about 26%. And Facebook's market shares is expected to hold steady around 24% or so.
If you're an Amazon shareholder, one thing you might be concerned about is they've generated negative free cash flow over the last 12 months. Cash from operations actually dropped about 1.2%. The company is investing aggressively in building out its fulfillment network. Even now, during the most recent quarter, CEO Andy Jassy mentioned that Amazon almost doubled the size of its fulfillment network since the beginning of the pandemic. I think that enables them to provide that great delivery experience for customers, and I think it reinforces their competitive advantage.
This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
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Prediction: Amazon Stock Will Be Worth More Than Apple in 10 Years - Motley Fool
7 obstacles that organizations face migrating legacy data to the cloud – TechRepublic
Some of the major obstacles center on concerns about compliance, fears about security and infrastructure and uncertainty about budget requirements, says Archive360.
Image: ART STOCK CREATIVE/Shutterstock
Moving legacy data and other assets to the cloud is perceived by many organizations as a way to better manage risks, improve efficiency, trim costs and comply with regulatory requirements. But the road to the cloud is often fraught with bumps. As many legacy technologies were designed for on-premises use, migrating them to the cloud can be a challenging process. A recent report from migration software provider Archive360 looks at the obstacles and concerns over cloud migrations of legacy data.
SEE: Hiring Kit: Cloud Engineer (TechRepublic Premium)
The new report titled "The Future of Legacy Application Data and the Cloud" (PDF) is based on a survey commissioned by Archive360 and conducted by Pulse in May and June of 2021. The survey elicited responses from 200 enterprise technology executives across North America, EMEA (Europe, the Middle East and Africa), and Asia Pacific.
Only 35% of the respondents store more than half of their legacy app data in the cloud. Some 65% store half or less than half of their data this way. However, 80.5% of them said that migrating their legacy data to the cloud is a priority over the next 12 months or less. Only 5% of those surveyed didn't consider such a move a priority.
Asked why they're looking to move their legacy data off-premises and to the cloud, 46% of the executives cited regulatory compliance as the top reason. Some 38.5% pointed to cost savings as the biggest reason, while 8.5% mentioned business intelligence and analytics.
The survey also asked respondents to identify the features and benefits that would most influence them to move their legacy data to the cloud. The major benefit cited by 66% was the integration of data and legacy archives. Some 59% cited the cloud as a way to centrally manage the archiving of all data including data from Office 365. Other reasons mentioned included data security and encryption, advanced records management, artificial intelligence-powered regulatory and compliance checking, and fast and accurate centralized search.
Of course, anxiety over cyber threats and cyberattacks also plays a role in the decision to migrate legacy data. Among the respondents, 42% said that concerns over cybersecurity and ransomware attacks slightly or significantly accelerated the migration plans. However, around 90% of those surveyed said that their current SaaS-based vendors aren't meeting all of their security requirements. More than a quarter reported that their cloud-based data was involved in a cyberattack.
Key obstacles and barriers can make a cloud migration a frustrating and challenging task. Asked about the top barriers they face in moving legacy data to the cloud, respondents stressed the following seven items:
"We've long heard that most enterprises would like to manage their legacy data, including data that's potentially sensitive, in the cloud, but that doesn't seem to have translated into full-fledged cloud adoption and data migration," said Archive360 co-founder and CTO Tibi Popp. "The obvious benefits of such a move must still be balanced with potential fears, in part because many technologies deployed by SaaS providers were created in on-premises environments and can't deal with emerging security and compliance priorities. It's clearer than ever that we will never be able to take full advantage of cloud architectures until a new generation of technologies is adopted."
To help organizations more easily and effectively migrate their legacy data to the cloud, Archive360 offered the following advice:
This is your go-to resource for XaaS, AWS, Microsoft Azure, Google Cloud Platform, cloud engineering jobs, and cloud security news and tips. Delivered Mondays
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7 obstacles that organizations face migrating legacy data to the cloud - TechRepublic
Could cloud computing services be the electricity of the 21st century? – Minneapolis Star Tribune
Several outages the past several weeks on Amazon Web Services (AWS) demonstrated how critical "the cloud" has become for business and society.
A recent article in the Economist on the state of cloud computing dug in depth on the competitive landscape of the cloud. Startups are spending a large percentage of their funding, often a majority, on cloud computing, due to the ease of use of adding computing power for growing businesses with a mouse click, rather than the old style of buying and configuring additional physical servers.
In this, the Economist said, the cloud is becoming to our economy what electricity became a century ago: the foundation of advanced work, with as-needed computational availability, just as electricity became available from utilities on an as-need basis.
The principal cloud providers are Amazon AWS, Microsoft Azure and Google Cloud Platform. AWS and Azure are the dominant market players, with Google rapidly growing as well.
Many others are competing. Oracle, for example, is expanding its offering and looking to make it central to its health care platform, now that it has acquired electronic health records giant Cerner.
The cloud ecosystem also is composed of management systems that complement the cloud providers used for functions such as optimizing the flow and pricing of information on and off platforms like AWS and Azure.
The AWS outages of the past month, though infrequent, once again raise the question of whether it is in the economy and society's best interest to have several giant vendors controlling such a critical function of the economy.
As usual, there are antitrust issues here as well. AWS, for example, would be an obvious target if Amazon is eventually seriously challenged by the government to split up.
Secondarily, if cloud computing is becoming the electricity of the 21st century, should the vendors be treated as a regulated utility rather than an independent for-profit business? My first reaction is that regulating the cloud like electricity would inhibit innovation.
But that supports the argument of not letting these vendors become too big. After all, utilities are regulated because they are de-facto monopolies.
Isaac Cheifetz, a Twin Cities executive recruiter, can be reached through catalytic1.com.
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Could cloud computing services be the electricity of the 21st century? - Minneapolis Star Tribune
Tech Tutorials And Windows Guide Platform Shares Article On Cloud Computing – Digital Journal
Tech news and tutorial site TechBomb recently published an article on cloud computing, a technology that has become a vital part of peoples lives. Even if they are not quite aware of its far reaching influence, many applications or tech services that people use every day to make their lives easier actually use cloud computing technology behind the scenes.
Techbomb explains in their article that, in computing, the term cloud refers to machines or servers that can be accessed via the internet (as well as the programs running on those servers). These servers are housed within data centers situated all around the world. Cloud computing is the on-demand delivery of IT resources over the internet with pay-as-you-go pricing. Instead of buying and maintaining IT resources at a business on-premise data centers, they can get access to all the resources or services they need via the cloud.
Applications like Netflix, Spotify, Google Drive, and PayPal all utilize the power of cloud computing. Netflix uses Amazons AWS for nearly all its computing and storage needs, including databases, analytics, containers, auto-scaling and so on. Similarly, Spotify, Google Drive and PayPal all use the power of the Google Cloud Platform (GCP). Spotify uses Cloud Dataflow, Cloud Composer, Cloud DataProc, Cloud Storage and many other Google cloud services. Major cloud computing providers include the Google Cloud Platform, Amazon Web Services (AWS), Microsoft Azure, Salesforce, Oracle, and IBM.
TechBomb explains that there are many benefits to cloud computing. One of the most important of these is the fact that it reduces operational costs for businesses. Rather than purchasing expensive systems and equipment, business owners can reduce their costs by using the resources of their cloud computing service provider. This also means that they have no need to buy new system upgrades, new hardware or new software, as they are all included as part of cloud computing packages. There will also be no need to retain specialist IT staff.
Cloud computing also enables more scalability for businesses. Business owners can easily scale their operations up or down as needed, allowing flexibility as their needs change. All they need to do is subscribe for more server space when required. In the same way, cloud computing can make collaboration easier. With cloud computing capabilities, businesses have the ability to communicate and share more easily outside of the traditional methods. If they have employees working on a project across a variety of locations, cloud computing can give employees, contractors and third parties access to the same files, making collaborating much easier than having to share files each time changes are made. Cloud computing models can also make it easy to share the necessary records with advisors (such as accountants or lawyers.)
Often, cloud computing is also more secure. The security at the data centers is managed by the cloud providers, and few are authorized to access them. Alongside physical security, cloud computing providers also have extensive security software to protect their users from cyber attacks. With cloud computing, businesses can be sure that their data will remain safe even in cases of a natural disaster, power failure or other crises at their premises. Having the data stored in the cloud ensures it is backed up and protected in a secure and safe location that is not susceptible to the same vulnerabilities as the business itself. Being able to access the data again quickly allows business owners to recover quickly and conduct business as usual, minimising any downtime and loss of productivity.
TechBombs article also takes a look at the different types of cloud computing, such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (Saas). On top of that, they also explore different Cloud Computing Deployment Models, such as Public Cloud, Private Cloud and Hybrid Cloud. The full article can be found on the TechBomb website, along with other in depth articles on a variety of different tech related topics.
Anyone interested in keeping up with tech-related news or useful guides for regular PC use should visit the Techbomb site at the following link: https://techbomb.net/. Those who want to get in touch with Alekh Shah, the websites admin, can do so via the contact form on the website itself. They can also call or email him directly.
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For more information about Techbomb, contact the company here:
TechbombAlekh Shahadmin@techbomb.net
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Tech Tutorials And Windows Guide Platform Shares Article On Cloud Computing - Digital Journal
Top Cloud Computing Jobs Currently Available in January 2022 – Analytics Insight
Cloud computing has emerged as one of the most integral part of business operations
The emergence of cloud computing has revolutionized the way we imagined computer science for all these years. With the growing adoption of digital infrastructure in modern businesses, the use of cloud technology has become integral. Currently, there are several tech aspirants in the industry who are willing to try their luck in a cloud computing career. Cloud computing jobs range from architects to developers and data scientists. To become a successful professional in this domain, aspirants need to possess a deeper understanding of the fundamentals of cloud technology, along with various programming skills, DevOps, and database skills. In this article, we have listed the top cloud computing jobs that aspirants can apply for in January 2022.
Offered by:Kyndryl
Location:Bangalore, India
Offered by:EducazionePvt. Ltd.
Location:Kolkata, India (Remote)
The company is looking for a candidate who is a pass out in CS, IT, or EC, and has a stronghold of working as a cloud administrator.
It is a full-time, work-from-home job opportunity for candidates who are qualified in CS, IT, or EC, or in any other equivalent domains.
Offered by:BasicBrix
Location:Bangalore, India (Remote)
Offered by:Huptech Consultancy Services
Location:Bangalore, India
Offered by:AISPL
Location:Hyderabad, India
Offered by:Sharadha Skill Academy
Location:Coimbatore, India
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Top Cloud Computing Jobs Currently Available in January 2022 - Analytics Insight
Nibble at Cloud Stocks With This ETF – ETF Trends
Cloud computing stocks endured a rough fourth quarter, and the groups start to 2022 is proving to be comparably unpleasant as an array of tech stocks are scuffling early in the new year.
However, some of the largest, more mature companies in the space could still deliver for investors as 2022 unfolds. Investors can wade into the group in diversified fashion with the Goldman Sachs Innovate Equity ETF (GINN).
In software, IT departments have been focused on digital transformation for several years, first from the secular shift to cloud computing and software as a service, or SaaS, followed by the coronavirus pandemic and the critical rush to implement remote working tools, says Morningstar analyst Brian Colello. We foresee enterprises using software to modernize all types of business processes, in turn leading to software industry growth at a low-double-digit compound annual growth rate (CAGR).
Acknowledging that the tech sector, despite its recent trials and tribulations, remains slightly overvalued, Colello says that there are attractive margins of safety for investors in large-cap software a group thats well-represented in GINN.
For example, the Goldman Sachs exchange traded fund allocates 4.1% of its weight to Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN),the two largest cloud companies. Both companies, which are top five holdings in GINN, arent reliant on cloud computing. For now, that could be a plus, but they have more than adequate exposure to this fast-growing theme to position GINN investors for a possible software rebound.
Among the ETFs dedicated cloud holdings that could be in for better things as 2022 unwinds is Vmware (NYSE:VMW).
We believe that VMware has developed an enviable position by becoming the commonality between clouds, including the hyperscale cloud providers, and on-premises environments, says Colello.
The Morningstar analyst also highlights Salesforce.com (NYSE:CRM), a member of the Dow Jones Industrial Average.
In our view, Salesforce will benefit further from natural cross-selling among its clouds, upselling more robust features within product lines, pricing actions, international growth, and continued acquisitions such as the recent Tableau and Slack deals, according to Colello.
Both stocks are members of the GINN roster, but its worth noting that the ETFs fortune arent determined by one or a small number of equities because the fund doesnt allocate more than 2.5% of its weight to any of its 463 holdings.
For more news, information, and strategy, visit the Future ETFs Channel.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.
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Nibble at Cloud Stocks With This ETF - ETF Trends
Cloud Analytics Market to Display Stunning CAGR of 20.9% from 2021 to 2028; SAS Institute Inc. Collaborated with Microsoft Corporation to Strengthen…
Companies Profiled in the Market: Oracle Corporation, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Micro Strategy Incorporated, SAS Institute Inc., Tableau Software, Teradata, TIBCO Software Inc., VMware, Inc.
Pune, India, Jan. 10, 2022 (GLOBE NEWSWIRE) -- The global cloud analytics market size is projected to be at USD 86.15 billion in 2028. The market was USD 19.04 billion in 2020 and is estimated to be USD 22.84 billion in 2021. The market is further expected to grow at a CAGR of 20.9% during the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, Cloud Analytics Market, 2021-2028.
As per our researchers, incorporating analytics solutions into cloud platforms has empowered corporations to attain better control over business processes and to remain competitive in the market. Moreover, amplified permeation of IoT and cloud computing is anticipated to lift the demand for cloud analytics solutions. Cloud analytics solutions endure impacting how organizations function, operate and utilize created data through their digital mediums.
Key companies functioning in the market are enthusiastically taking crucial initiatives to deliver distinguished and tailored solutions that will facilitate companies to ease their multi-cloud journey.
For example, in June 2020, Wipro Limited, which is a prominent consulting and technology company collaborated with IBM Corporation to aid Wipro clients to handle their mission-critical assignments and effortlessly transferring to multi-cloud platforms. Such initiatives by significant players are projected to reinforce their international trials and contribute to the growth of the market.
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List of Key Players Covered in this Market Report
IBM Corporation (New York, U.S.)
Hexaware Technologies Limited (Mumbai, India)
Story continues
Oracle Corporation (Texas, U.S.)
Microsoft Corporation (Washington, U.S.)
Alphabet Inc. (Google LLC) (California, U.S.)
Salesforce.com, Inc. (California, U.S.)
TIBCO Software Inc. (California, U.S.)
SAS Institute Inc. (North Carolina, U.S.)
Teradata Corporation (California, U.S.)
MicroStrategy Incorporated (Virginia, U.S.)
The Hewlett Packard Enterprise Company (Texas, U.S.)
SAP SE (Walldorf, Germany)
Sisense (New York, U.S.)
Atos (Bezons, France)
Cloudera, Inc. (California, U.S.)
Hitachi Vantara Corporation (California, U.S.)
Report Scope & Segmentation -
Report Coverage
Details
Forecast Period
2021-2028
Forecast Period 2021 to 2028 CAGR
20.9 %
2028 Value Projection
USD 86.15 Billion
Base Year
2020
Market Size in 2020
USD 19.04 Billion
Historical Data for
2017-2019
No. of Pages
160
Segments covered
Solution; Deployment; End-User; Regional;
Growth Drivers
Increased Demand of Analytics Solutions to Aid Growth.
Pitfalls & Challenges
Data Security Concerns Associated with Confidential Data to Hamper Growth
COVID-19 Outbreak to Enhance Acceptance of Cloud Solutions for Business Liveability
The spread of COVID-19 had a restrained influence on the worldwide market primarily. The development of IT infrastructure has decelerated owing to a decline in supply and decreased volume. Businesses that offer solutions and services were also estimated to witness a momentary strike. Nevertheless, usage of combined apps, analytics, safety solutions, and artificial intelligence (AI) were anticipated to upsurge in the second half of the year, 2020.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/cloud-analytics-market-102248
Report Coverage
The report provides a thorough study of the market segments and detailed analysis of the market overview. A profound evaluation of the current market trends as well as the future opportunities is presented in the report. It further shares an in-depth analysis of the regional insights and how they shape the market growth. The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. It sheds light on the key players and their prominent strategies to stay in the leading position.
Segmentation
On the basis of solution, the global market is segregated into cloud business intelligence (BI) tools, enterprise information management, governance, risk, and compliance, enterprise performance management, analytics solutions, and others.
In terms of deployment, the global market is classified into public, private, and hybrid cloud.
On the basis of organization size, the market is categorized into small and medium enterprise and large enterprise.
In terms of region, the global market is further divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Based on industry, the market is bifurcated into BFSI, IT and telecommunications, retail and consumer goods, healthcare and life sciences, manufacturing, research & education, and others.
Owing to the great consumer base and increasing competition in the market, the BFSI organizations are in a superior place to influence cloud-based technologies for refining their functioning proficiency and augment the client experience.
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Drivers and Restraints
Augmented Implementation of Business Intelligence (BI) Tools to Foster Market Growth
Over the last few years, business intelligence (BI) has achieved importance as structured and unstructured data has been shattered. Industries and businesses of all extents are applying amplified emphasis on executing business intelligence (BI) solutions into its business collections and consequently attain a competitive benefit.
Majority of the businesses are currently utilizing a modernized process that necessitates recognizing, assembling, conserving, and swapping a vast amount of data. For this data, BI solutions are applied in order to gain a speedy and modest business policy making procedure. This is expected to bolster the cloud analytics market growth in the forthcoming years.
Regional Insights
New Solution Developments to Boost Growth in North America
North America held the maximum cloud analytics market share in 2020 and is anticipated to uphold its supremacy over the mentioned time period. Moreover, prominent players in the region are implementing cloud based analytics solutions to satisfy customer demand for augmented data quality, improved incorporation, and data conception.
Asia Pacific is principally powered by the inaugural of data centres by principal suppliers such as Amazon Web Services (AWS) and Google Cloud among others, occasioning in the eradication of worries regarding data offshoring and safety breaks.
Europe held a considerable market share in 2020. Owing to enlarged expenses and a growing existence of corporations discovering the usage of AI and NLP technologies for various utilizations, leading countries such as Germany and the United Kingdom have crucial markets.
Competitive Landscape
Chief Companies to Advance Analytics Solutions to Satisfy Growing Demand by Users
Corporations functioning in the market such as Oracle Corporation, Teradata, IBM Corporation, TIBCO Software Inc., Google LLC, Hexagon Software, among others are fixated on creating and delivering effective cloud analytics solutions. Similarly, the escalated competition in the market is compelling service suppliers to concentrate on acquirement approach in order to reinforce their market positions.
Industry Development
June 2020: SAS Institute Inc., which is a principal technology company, collaborated with Microsoft Corporation to empower consumers to run their mission-critical SAS assignments on cloud.
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Table Of Content
Introduction
Key Takeaways
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19
Short-term Impact
Long-term Impact
Competition Landscape
Global Cloud Analytics Key Players Market Share Insights and Analysis, 2020
Key Market Insights and Strategic Recommendations
Companies Profiled (Covered for key 10 players only)
Overview
Key Management
Headquarters etc.
Offerings/Business Segments
Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
Employee Size
Key Financials
Past and Current Revenue
Geographical Share
Business Segment Share
Recent Developments
Annexure / Appendix
Software as a Service (SaaS) Market to Hit USD 716.52 Billion by 2028; Increasing Digitalization to Augment Market Growth: Fortune Business Insights -…
Companies Profiled of Software as a Service Market Research Report are Microsoft Corporation (New Mexico U.S.), Salesforce.com, Inc. (California, U.S.), Oracle Corporation (California, U.S.), IBM Corporation (New York, U.S.), Accenture Plc. (Ireland), OutSystems - Software em Rede, S.A. (Massachusetts, U.S.), Cisco Systems, Inc. (California, U.S.), Hewlett Packard Enterprise Company (Texas, U.S.), GitLab, Inc. (California, U.S.), Alphabet Inc. (Google LLC) (California, U.S.)
Pune, India, Jan. 10, 2022 (GLOBE NEWSWIRE) -- The global Software as a Service Market size is expected to gain momentum by reaching USD 716.52 billion by 2028 while exhibiting a stellar CAGR of 27.5% between 2021 to 2028. In its report titled Software as a Service (SaaS) Market, 2021-2028, Fortune Business Insight mentions that the market stood at USD 113.82 billion in 2020 and USD 130.69 billion in 2021.
SaaS is one of the primary components of cloud computing. Companies and organizations are using the SaaS model in varied applications such as conferencing, salesforce automation, customer relationship management (CRM), web content management, and others. Thus with the increasing demand, the market is expected to grow substantially during the forecast period. For instance, in June 2021, Kylas announced the launch of an Enterprise-Grade SaaS CRM Product for the Indian market to support cloud computing.
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List of Key Players Profiled in Report
Microsoft Corporation (New Mexico U.S.)
Salesforce.com, Inc. (California, U.S.)
Oracle Corporation (California, U.S.)
IBM Corporation (New York, U.S.)
Accenture Plc. (Ireland)
OutSystems - Software em Rede, S.A. (Massachusetts, U.S.)
Cisco Systems, Inc. (California, U.S.)
Hewlett Packard Enterprise Company (Texas, U.S.)
GitLab, Inc. (California, U.S.)
Alphabet Inc. (Google LLC) (California, U.S.)
Story continues
COVID-19 Impact
The pandemic crippled the global economy, however, amid the crisis demand for cloud computing increased. Thus, key players made full use of this crisis as an opportunity to come up with strategies to restructure their business model. For instance, in May 2021 Microsoft Corporation collaborated with Aera Technology, an automation company that offers digital technology solutions. This collaboration is expected to help to integrate Microsoft Azures digital twins with Aera's cognitive operating system to come up with a virtual representation of a physical entity in the automation process.
Segmentation:
By deployment type, the market is divided into public cloud, private cloud, and hybrid cloud. By application, it is segmented into, customer relationship management(CRM), enterprise resource planning, content, collaboration & communication, business intelligence & analytics, human capital management, and others.
Based on the application, the CRM segment held a market share of 25.1% in 2020. This is attributable to the deployment of SaaS CRM across organizations to manage their contacts, team management, simplify processes, monitor agreements, develop sales pipelines, build relationships with potential and current customers, and others.
By industry, it is divided into BFSI, retail & consumer goods, healthcare, education, manufacturing, travel & hospitality, and others. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa and South America.
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What does the Report Provide?
The market report for software as a service provides a methodical evaluation of various factors such as the important drivers and restraints that will affect growth. Moreover, the report offers insights into the regional survey that covers diverse regions, backing the growth of the market. It involves the competitive landscape that includes the leading companies and the embracement of effective stratagem to present novel products, declare collaborations, and mergers to aid market growth.
Driving Factors
Increasing Investment made by End-use Enterprises to Drive Market Growth
The increasing investment made by end-use enterprises on the cloud-based solution is expected to drive the software as a service (SaaS) market growth in the upcoming years. For instance, a report by Gartner suggests that end users are spending for cloud application services is projected to reach around USD 102.80 billion in 2020.
Additionally, the prominent players in the software as a service market are focused on increasing their investment to advance their product portfolio. For Instance, In September 2020, Accenture Plc made an investment of USD 3.00 billion and launched Cloud First. This investment assisted users to gain access to Cloud-First across various industries and speed up their digital transformation to generate greater value at speed and scale.
Regional Insights
North America to Lead Backed by Existence of Vital Players in Region
North America is anticipated to remain at the forefront and hold the highest software as a service market share during the forecast period owing to the increasing application and investment done on SaaS by end-users across industries such as healthcare, retail & consumer goods, and others. Additionally, the presence of major SaaS providers such as IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce, Inc., in the U.S. and Canada is expected to promote the regional market. The regions market stood at USD 57.30 billion in 2020.
Asia Pacific is expected to display considerable software as service market share in upcoming years, owing to the presence of large enterprises in nations such as China, India, Japan, and Australia. Additionally, the growing venture capital investments to adopt SaaS platforms is promoting the regional market.
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Competitive Landscape
Key Players to New Launches to Strengthen Market Growth
The market is combined by prime companies determining to preserve their position by concentrating on novel launches, collaborations & mergers as well as procurements. Such tactics taken up by vital players are anticipated to reinforce its market opportunities. Below is the industry development:
July 2021: Tata Consultancy Services (TCS) announced the launch of Jile 5.0. It is an updated version of SaaS-based corporate agile application. This new solution will help businesses to offer large-scale development needs across numerous remote teams.
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Why Amazon Wants The Indian Government By Its Side To Win The Cloud War – Outlook India
Amazon Web Services (AWS) took 10 years to launch its first infrastructure region in India after its arrival in the country in 2006. However, the announcement of the second region came within the next four years of that. Call it increased interest in cloud computing for service delivery or the governments push for data localisation, AWS, the market leader of cloud, is hard-pressed to meet its own business expectations of free flow of data across borders while addressing the governments nationalist aspirations.
It was recently reported that the Joint Parliamentary Committee that worked on a report on the Personal Data Protection Bill, 2019 wants the Bill to restrict the usage of sensitive and non-personal data to predefined purposes. Earlier, an expert committee of the Ministry of Electronics and Information Technology (MeitY) had developed principles around which non-personal data governance could operate in India.
Also Read:Budget 2022: Dealing With India's Achilles' Heel
The restrictive nature of these have alarmed the Big Tech firms operating in India. From increased cost of compliance to hampering innovation, tech giants are cautious about the policy around data localisation in the country. Data localisation comes with overheads. Inhibiting cross-border data flow and data sharing can deny access and benefits of the cloud technology, including big data processing, machine learning, etc. to Indian companies, says Rahul Sharma, President, AWS India and South Asia (Worldwide Public Sector).
AWS has successfully dominated the cloud space in India in the media, small and medium businesses and public services segments. The size of services in these areas is gigantic and it routinely generates big data for its clients. The AWS leadership feels that SaaS companies in India will be put at a disadvantage if the government presses on data localisation aggressively. Enabling the free flow of data across borders is crucial for India, especially if it wants to achieve its goal of becoming a $5-trillion economy by 2025 There is so much opportunity for SaaS unicorns in India. It is a bit of a blocker that comes in [with localisation], adds Sharma.
Also Read:With People At Its Heart, Amazon Echoes Make In India
Sharma, however, argues that AWS has worked with the government on the issue and will continue to do so. It was the first multinational company to be empanelled by the government after it started its Mumbai data region in 2016. He adds that the tech giant has significantly reduced its pricing ever since it came to India in 2006 and will continue to make its services affordable for Indian companies.
The company has smartly manoeuvered the state policy and sees governments and public departments as a big growth opportunity in India. It has tied up with various Central and State ministries to innovate for the delivery of public services. Last year, it collaborated with the NITI Aayog and Intel to launch the Frontier Technologies Cloud Innovation Centre in the think tanks Delhi office. AWS stands to gain from its engagement with both ends of the spectrumwith the government as the facilitator, and startups, industry experts and enterprises as beneficiaries. Similarly, the company has taken its quantum computing service, Amazon Braket, to a select group of scientists through the Quantum Computing Applications Lab in a partnership with MeitY. The company captains feel that the massive infrastructure that the government has at its disposal needs technology adoption at an unprecedented scale for India to become a digital economy which, in turn, is a huge opportunity for the company.
Also Read:Remaking Of MakeMyTrip
The tech leader also knows that while the government is the first adopter of big tech, its real users lie in the enterprise space. Unlike its rivals Microsoft and Google that have a pronounced B2C focus even while chasing the AWS leads in the cloud space, AWS is happy dealing with businesses of all sizes while keeping retail customers away. Its partner and app ecosystem makes it more of an aggregator in the cloud space whose target is the B2B segment. We work backwards with app integration into our services. We ask customers what problems they want solutions for and then we go back and develop those solutions. Our ecosystem has over 200 services which have been developed in this way, says Puneet Chandok, President, AWS India and South Asia (Amazon Internet Services).
AWS has created bouquets of services for each big sector it dominatesbe it media, financial services or healthcare, among the 200 that Chandok mentioned. On the other hand, for the small and medium businesses, AWS has a segment of services called the Amazon Digital Suite with tools that most small and medium businesses need when they decide to go digital or acquire a scale on the cloud. Chandok feels that with this suite, AWS puts focus on simplifying technology for Indian businesses, especially in a segment that is still learning the tricks of digital trade. The Amazon Digital Suite is a collection of seven technologies from partners offering simple services like accounting, customer care, payroll management, etc. We have bundled them as one suite which is intuitive to use and low-priced and has no exit barriers, he adds.
AWS stands at a crucial point of variance from its competitors in India where it sees the government as an accelerator of digital adoption and the process of taking businesses of all sizes on the cloud as the long-term revenue spinner.
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Why Amazon Wants The Indian Government By Its Side To Win The Cloud War - Outlook India