Category Archives: Cloud Computing
Global Fax Services Market Outlook & Forecast 2023-2028: Cloud-Based Fax Solutions Gain Traction, Online Scams … – PR Newswire
DUBLIN, March 18, 2024 /PRNewswire/ --The"Global Fax Services Market - Outlook & Forecast 2023-2028" report has been added toResearchAndMarkets.com's offering.
The global fax services market was valued at USD 3.18 billion in 2022 and is expected to reach a value of $5.96 billion by 2028, growing at a CAGR of 11.05%
The global fax services market leaders are directing their efforts towards various essential business approaches, encompassing partnerships, mergers and acquisitions, product advancements, and collaborative ventures, all designed to broaden their product offerings and augment their market presence across diverse geographical regions.
The strategies related to expansion and investments encompass a spectrum of strategic initiatives, ranging from investments in research and development endeavors to establishing new manufacturing facilities and optimizing supply chains. Moreover, numerous vendors focus on improving their services by investing in R&D, technological advancements, and product development.
North America is experiencing robust growth in the fax services market, owing to the increasing demand for high-speed internet access and the widespread adoption of advanced fax technologies. Moreover, North America held the largest global fax services market share in 2022. The rapid proliferation of accessible and affordable internet connections, the rising popularity of cloud-based software and services, and businesses' imperative to enhance workflow efficiency and reduce operational costs contribute to regional market growth.
In fax services, technological convergence involves the incorporation of fax functionalities into enterprise resource planning (ERP), systems applications and products (SAP), and customer relationship management (CRM) systems. The emergence of various cutting-edge technologies, including 5G, Machine-to-machine (M2M) communication, IoT, automated intelligence, cloud computing, and digital fax solutions, drive the fax services market. These innovations are expected to propel the market's growth during the forecast period.
Key drivers for the fax services market include the attributes of cloud-based fax services, which offer flexibility, high performance, and reliability to organizations seeking seamless fax communication from their ERPs, desktops, or other business applications. Automation, particularly as a feature of computer-based fax services, is in high demand, notably among small and medium-sized businesses (SMBs) and large enterprises operating in transaction-intensive environments.
Compared to alternative methods such as e-mail and web-based document transfer, the robust privacy advantages make the faxing services stand out compared to its competitors and are anticipated to catalyze market growth. Numerous vendors are offering HIPAA-compliant fax solutions, a move aimed at enticing healthcare providers to adopt fax services, thereby contributing to the robust market growth.
FAX SERVICES MARKET TRENDS & DRIVERS
Increasing Online Scam and Data Breaches
For numerous corporations today, faxing remains an essential mode of communication, as fax is considered more than e-mail. Moreover, law enforcement and healthcare sectors are the major drivers of the fax services market because of stringent legal requirements governing the secure transfer of sensitive data.
Additionally, in 2022, nearly 3.6 million Russian internet users experienced breaches, marking an 11% increase. Such instances further propel the use of fax and its respective services to protect organizations from growing online scams and security concerns.
Rising Telecom Industry
The increasing telecom industry drives the global fax services market, using reliable, secure, cost-effective communication solutions to secure customer data.
Further, the rising expenditure on the implementation of 5G infrastructures, driven by changing consumer preferences toward cutting-edge technologies and smartphone devices, has increased the adoption of cloud-based fax services by the telecom industry because this service enables the transmission of exact documents over telecommunications networks and internet, which act a bridge among traditional and digital fax technology.
INDUSTRY RESTRAINTS
Unstructured Data
One of the reasons businesses continue to use fax is its extensive acceptance across numerous IT systems. However, since fax is a frequently supported messaging protocol, it is a capable interoperability standard. Although one of the downsides of fax is the nature of the file, it is an image file that might contain data.
SEGMENTATION INSIGHTS
INSIGHTS BY USER TYPE
The global fax services market by user type is segmented into large enterprises, small & medium enterprises (SMEs), and individuals & home offices. The large enterprises segment dominated the global market in 2022.
Large enterprises are characterized by a workforce exceeding 50 individuals and often encompassing Fortune 1000 companies, representing a substantial revenue source in the global automated fax market. They are primary contributors to international faxing revenue as well. Regardless of the deployment model, the large enterprises segment is one of the highest revenue contributors to the global market.
The major factors driving the migration to cloud-based fax services are reduced operational cost, improved productivity through automation, and increased flexibility and scalability. Large enterprises are involved in transferring thousands of faxes every month. Moreover, Apple uses the secure and reliable online fax service Fax App, which can turn an iPhone or iPad into a powerful fax machine and send faxes anytime, anywhere. All sent and received faxes are stored in a fully encrypted archive for further use and can be easily accessed without delay when required.
INSIGHTS BY SERVICE TYPE
The on-premises service type segment dominated the global fax services market in 2022. Enhanced control over data storage, high configurability, and customizability are prominent factors that propel the segment growth. These solutions also present integration options that can be tailored to align with the specific operational requirements of end-user businesses.
Furthermore, organizations operating in-house fax infrastructure and owning data centers and colocation facilities will likely prefer this operation mode. This will probably drive revenue growth in this segment during the forecast period. Open Text is the major player in this market, installing more than 100,000 RightFax on-premises fax servers. Vendors also offer desktop software solutions that can be integrated with the existing office mail system and other applications to transfer fax documents.
INSIGHTS BY INDUSTRY-USERS
The global fax services market by industry users is segmented as healthcare, banking, financial services, & insurance (BFSI), legal, manufacturing, and others. The healthcare industry user segment held the largest segmental share in the market. The healthcare sector is highly regulated, and securing patient information and maintaining privacy is important.
Although e-mails are an alternative to fax services, they are highly vulnerable, risking privacy. Many healthcare organizations use fax server (FOIP) solutions to transfer fax documents. Increased operational expenditure and initiatives towards operating a green environment are aiding the growth of the cloud-based fax services market.
Fax Services Market Overview
Market Opportunities & Trends
Market Growth Enablers
Market Restraints
Key Company Profiles
Other Prominent Vendors
For more information about this report visit https://www.researchandmarkets.com/r/43owxf
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Global Fax Services Market Outlook & Forecast 2023-2028: Cloud-Based Fax Solutions Gain Traction, Online Scams ... - PR Newswire
Achieving Resilient Cloud Broadcasting with Amagi CLOUDPORT on AWS | Amazon Web Services – AWS Blog
By Aript Malani, Engineering manager Amagi By Bharath S, Sr. Partner Solutions Architect AWS By Raghu Mukund, Strategic Account Manager AWS By Girish B, Sr. Solutions Architect AWS
Broadcasters must plan for events outside of their control, such as natural disasters and broad infrastructure outages, so mitigating the risk of degraded viewing experiences and revenue losses at high-profile events is critical.
Amagi has a customer-focused approach driven by business requirements to achieve different levels of playout service resiliency on Amazon Web Services (AWS).
Amagi is a market leader in cloud broadcast and streaming TV technology, with over 2,000 channels deployed in over 40 countries. The core of Amagis offerings is CLOUDPORT, a cloud-based software-as-a-service (SaaS) playout platform that delivers broadcast-grade quality while offering the flexibility of cloud deployment.
Amagi is an AWS Specialization Partner and AWS Marketplace Seller that offers cloud broadcast and targeted ad solutions to broadcast TV and streaming TV platforms.
Amagi fulfills diverse customer requirements for redundancy and recovery time by using AWS resiliency options that leverage multiple AWS Availability Zones (AZs) over single/multiple regions. The deployment options range from deployment of playout and automation in a single AZ to minimize cost and complexity, to multi-region that provides geo-level resilience for critical events.
For customers with the highest redundancy and resiliency requirements, Amagi provides a beyond multi-region option that offers on-premises automation and playout in addition to multi-AZ/multi-region deployments.
Figure 1 Amagis tiered resiliency offerings.
In addition to playout and automation deployments spanning single or multiple AZs/regions, the configurations can be hot, warm, or cold depending on desired recovery times.
Customers select a configuration based on their business requirements. If the focus is signal recovery at a highly optimized cost, Amagi offers a pre-built cached playout chain to provide quick service recovery in the event of a catastrophic event.
Amagis distributed architecture achieves an instant recovery of the control plane with sub-one minute recovery time objective (RTO) in multi-AZ option and recovery time objective (RTO) of 10 minutes for regional failover across multi-region respectively. This ensures playout continuity during outages with quick control plane recovery.
Amagi CLOUDPORT is a versatile playout platform that supports most industry-standard audio, video, and subtitle formats. It provides an intuitive interface with asset management, analytics, and configurable rules.
Key features include automation for scheduling, quality control, and monitoring; multi-layered graphics support; and a wide range of input formats like MXF, MOV, MPG, TS, and output formats including MPEG-TS, HLS, SRT, Zixi, NDI, and RIST. The platform handles video codecs AVC and HEVC; audio codecs AAC, AC3, and EAC3; as well as captions in CC-608, CC-708, DVB subs, and DVB teletext.
Figure 2 Amagi playout multi-region architecture.
In the diagram above, the secondary region does not actively generate service 247. It remains in a warm (standby) state, prepared to take over transmission if issues arise in the primary region. If a switch from the primary to the secondary region is necessary, it is automatic through Amazon CloudFront, ensuring a seamless and swift transition and allowing uninterrupted service availability.
Amagis CLOUDPORT SaaS platform is built on AWS services with built-in support for multi-AZ, allowing for quick and seamless switching between availability zones.
Video transport relies on AWS Elemental Media Services like AWS Elemental MediaLive, AWS Elemental MediaConnect, AWS Elemental MediaPackage, and AWS Elemental MediaStore. These services can withstand failures at the AZ level, and the business functionalities are based on a microservices architecture running on Amazon Elastic Kubernetes Service (Amazon EKS).
Further, the systems components are configured as microservices to enable dynamic scaling to meet specific customer requirements. CLOUDPORT is deployed and managed on a self-managed EKS cluster, offering maximum configuration flexibility.
Various aspects (such as database, caching, media storage, and archival) rely on managed services like Amazon Aurora, Amazon ElastiCache, and Amazon Simple Storage Service (Amazon S3). Multi-region networking enables communication between EKS pods and services across regions through virtual private cloud (VPC) peering.
Amazon EKSs use of a VPC container network interface (CNI)enables IP communication between pods in different regions. Amazon Route 53s public and private hosted zones are key for domain name service (DNS)-based services and endpoints across regions. Route 53 readiness checks allow swift failover during region impairments, while failback strategies ensure service restoration post-disaster.
CLOUDPORT playout receives media feeds from customers to offer playout services using their media asset management and source systems. It receives live content from AWS Elemental MediaConnect for secure, low-latency transmission using AWS Direct Connect.
Content integration systems upload content and schedules from on-premises storage to Amazon S3, which stores petabytes of video assets crucial for channel playout, while S3 Multi-Region Access Pointallows access to input files from multiple regions for redundancy.
Playout services automatically retrieve and process data from S3 for transcoding. Inputs include various video files that undergo verification and completeness checks, with issues notified via Amazon Simple Notification Service (SNS). Processed media assets are stored in a transmission-ready S3 bucket.
Amazon Aurora Global Database is utilized to ensure high availability and data redundancy across regions. It replicates data across multiple regions and enables global access and failover capabilities. If theres an outage in the primary region, it can automatically promote a cross-region replica to become an independent cluster that serves as the new primary database.
When a failover occurs, a DNS switchover updates the endpoint so applications can seamlessly connect to the newly-provisioned primary cluster in the alternate region. This ensures uninterrupted data access and application functionality during an outage.
Once the primary region is stable again, a planned failover reverts the architecture back to original state. Aurora Global Database enables smooth cross-region reader deployment so applications can read from replicas in different regions, improving read scalability and minimizing load on the primary database.
Amazon ElastiCache Global Datastore provides a distributed, in-memory caching solution with automatic failover between regions for disaster recovery (DR). In the event of a disaster affecting the primary region, the secondary cluster becomes the primary, ensuring a seamless transition of workload and data access to minimize application disruption.
Once the primary region recovers and syncs, it returns to a secondary role as a read replica or cache node. This dynamic capability allows the architecture to adapt to changing circumstances and ensures highly available data access across regions, even in the face of unexpected disasters.
The CLOUDPORT Switcher microservice allows for seamless, frame-accurate video switching to AWS Elemental MediaLive, which writes content to MediaStore or S3. These services originate content for Amazon CloudFront, providing primary and failover CDN paths for continuous video delivery across regions.
Amagi LIVE utilizes redundant contribution streams through separate MediaConnect direct connects to ensure network fault tolerance. MediaConnect streams are sent to multiple receive locations over separate direct connects, enhancing redundancy. This architecture withstands regional failures, ensuring reliable video delivery.
After integrating all components, pods interconnect with storage services in the primary us-east-1 region. To ensure redundancy, these storage services duplicate across the secondary us-west-1 region.
In a regional failure event, the secondary storage services promote to take over, so the control and video path continue without interruption despite the outage. This demonstrates failback reverting changes, returning the system to its initial state after regional failure. This swift recovery design maintains full operational capability, safeguarding service continuity and minimizing downtime.
In the event of a failover, the specific actions required by CLOUDPORT depend on the chosen failover solution. In a hot configuration with no traffic option, the connection to the headend will be established. In warm or cold modes, missing instances start automatically and when the configuration completes the service resumes.
Users can also initiate a manual failover using the WebUI module. This triggers the CLOUDPORT re-configuration process and activates the instances. Alternatively, the CLOUDPORT API can trigger failover after an integration with the customers end-to-end monitoring and control systems. This offers flexibility in implementing failover strategies that best suit the specific requirements and preferences of the customer.
Before commissioning the playout solution, CLOUDPORT undergoes exhaustive tuning and testing. Tuning involves verifying settings in a realistic scenario, adapting input formats and downlinks to the available network capacity and quality of service, optimizing Kubernetes clusters and Amazon Elastic Compute Cloud (Amazon EC2) instance types for the channel types and numbers.
Testing involves selecting and validating the failover options against the customers requirements. Testing includes end-to-end functionality and video quality tests, verification of content upload and verification mechanisms, schedule amendment tests, and verification of program reuse from cloud archives. Failover and failback scenarios are tested and validated against functional and non-functional requirements like RTO/RPO.
For a robust disaster recovery solution, defining regular testing plans is crucial to ensure the DR mechanism remains reliable over the life of the service. To achieve this, CLOUDPORT utilizes a separate test endpoint and the test version of the failure reconfiguration AWS Lambda function. It conducts regular, pre-defined DR drills to validate the strategy and identify weaknesses and areas for improvement to enhance DR preparedness. Periodic testing of the failover mechanism is critical to ensure effectiveness, especially in the case of on-premises architecture modifications.
Information gathered from the tuning and testing phase helps define options and configurations based on program audience and business impact in the event of a failure. This can be a per-channel customization with the hot option used for critical channels, and warm or cold options configured for niche channels.
Ensuring alignment and compatibility with the source, on-premises system, and communication endpoints is crucial to a successful recovery strategy in case of a disaster.
The approach highlighted in this post presents a straightforward and efficient architecture for implementing a cloud-based disaster recovery solution for channel playout on AWS.
By utilizing Amagis CLOUDPORT SaaS product and an integration system, this solution supports hybrid operations and offers various configuration options to strike the optimal balance between RTO/RPO and operational costs. Emphasizing the significance of operational procedures and regular failover testing, CLOUDPORT ensures its reliability and functionality when required.
You can learn more about Amagi CLOUDPORT on AWS Marketplace.
. .
Amagi is an AWS Specialization Partner that offers cloud broadcast and targeted ad solutions to broadcast TV and streaming TV platforms.
Contact Amagi | Partner Overview | AWS Marketplace
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Achieving Resilient Cloud Broadcasting with Amagi CLOUDPORT on AWS | Amazon Web Services - AWS Blog
The egress fee exit – DCD – DatacenterDynamics
Hyperscalers may be complying with the EU Data Act, but does it go far enough?
This year has seen the big three public cloud providers ditching their data egress fees for customers exiting the cloud. A monumental move - paradigm shifting even? Well, no. But it does meet the bare minimum of upcoming standards and regulations.
The issue of competition and vendor lock-in with cloud providers has been ongoing. Over the last few years, we have seen Microsoft be the target of an antitrust campaign, led by OVHcloud and backed by cloud trade association CISPE. Among CISPE's members is AWS, another of the key cloud providers. Later that year, Microsoft adjusted the terms of its cloud computing service to avoid a full investigation.
Just one year later, however, Google accused Microsoft and Oracle of anti-competitive practices in a letter to the Federal Trade Commission, and around the same time, Oracle accused AWS of similar practices.
Finding the right home for your workload
13 Mar 2024
The issue has, in some ways, begun to feel like a playground spat. A "who hit who first." Isn't the point that everyone is hitting everyone?
Towards the end of last year the UK's Competition and Markets Authority officially launched an investigation into the competitive practices of the cloud computing sector based on a recommendation from communications regulator Ofcom.
The pressure was beginning to build in the cloud computing pot, and perhaps the final blow was the announcement of the EU Data Act, which came into force on January 11, 2024.
The act requires public and private cloud computing service providers to remove "obstacles to effective switching" between their own and competing cloud services, including commercial, contractual, technical, or organizational hurdles.
This includes common deterrents such as egress fees.
Google was the first of the cloud providers to make a move, announcing the removal of egress fees on the very same day the Data Act was established. A blog post from Amit Zavery, head of platform at Google Cloud, condemned the "restrictive and unfair licensing practices" that are a fundamental issue and that "certain legacy providers" leverage their software monopolies to create cloud monopolies that "lock in customers and warp competition."
According to Google's requirements, customers must fully exit the cloud platform and do so in 60 days.
AWS was next, taking the leap in on March 5, 2024. This announcement was slightly different, in that customers do not seem to have to completely sever ties with AWS, but they must be fully leaving a particular service or product behind. A week or so later, Microsoft followed suit, taking a similar stance as Google.
In a recent feature, DCD spoke to several players about what these announcements actually mean. The consensus seemed to vary between a "step in the right direction" to others arguing that the cloud providers are doing "something which has absolutely no meaning to 99.9 percent of their customers but satisfies the government."
The reason is that the issue isn't customers wanting to leave these cloud providers, it is the day-to-day charges that add up dramatically as customers use their services.
Corey Quinn of The Duckbill Group told DCD: "It's the ebb and flow of conducting business, while happily remaining AWS customers, that gets expensive. There's a reason that Netflix still has its entire own home-built content delivery network. They don't stream any of their movies out of AWS because even at their scale, the cost would be ruinous."
There is an inherent cost for moving data on the Internet, but the profitability margin that egress charges enable is significant. Vultr, a cloud provider that does not charge for data transfers, told DCD that they have cut prices on core services that mirror those of the major hyperscalers, and remain "wildly profitable."
While you might think that now all three of the cloud providers have made this move, the playground bickering would come to an end. It hasn't.
In AWS's announcement, the company argued "The biggest barrier to changing cloud providers continues to be unfair software licensing. Some IT providers impose licensing restrictions on their software that make it financially unworkable for their customers to choose a cloud provider other than them," reiterating that which Zavery said in the Google announcement.
Following the Microsoft announcement, Zavery tweeted: "Microsoft's decision to stop charging its customers exit fees is a step in the right direction. But to really support customer choice, it's time to address the greatest barrier: MSFT's restrictive and predator licensing that forces customers into Azure."
Perhaps notably, Microsoft did not address licensing issues in its announcement at all.
For a more in-depth look at the announcement and competition within the cloud computing sector, read the latest Cloud & Hybrid Supplement.
Oracle Stock: Cloud And AI Momentum Is Winning Over Wall Street – Investor’s Business Daily
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Oracle Stock: Cloud And AI Momentum Is Winning Over Wall Street - Investor's Business Daily
Oracle Adds New GenAI Features to Cloud Applications and Expands Microsoft Partnership – Investopedia
Key Takeaways
Oracle (ORCL)announced new artificial intelligence (AI) features integrated into its cloud application systems and an expansion of the regions where it offers Oracle Database@Azure in partnership with Microsoft (MSFT) on Thursday.
With the new generative AI (GenAI) capabilities, businesses using the Oracle Fusion Cloud Applications Suite can leverage AI to "help customers improve decision making and enhance the employee and customer experience," Oracle said in a release.
The Oracle Fusion Cloud Applications Suite provides enterprise customers with the company's software as a service (SaaS) applications with AI tech integrated.
The new features are built on Oracle cloud infrastructure and support "over 50 generative AI use cases that are embedded within Oracle Fusion Applications and designed to respect customers enterprise data, privacy, and security."
We have been using AI in our applications for several years and now we are introducing more ways for customers to take advantage of generative AI across the suite," Oracle Executive Vice President of Applications Development Steve Miranda said.
The company also announced that Oracle Database@Azure would be expanding the regions in which it offers the Oracle and Microsoft collaboration.
Customers can now place orders for Oracle Database@Azure in Frankfurt, Germany, in the debut of Oracle Database@Azure in Europe.
The company added that in order "to meet the growing customer demand this year, the service will further run in the Australia East, Brazil South, Canada Central, France Central, Central India, Italy North, Japan East, Southeast Asia, Sweden Central, United Kingdom South, Central United States, South Central United States, and United Arab Emirates North cloud regions."
Cloud products and services represent a large portion of Oracle's revenue. In the third quarter of fiscal 2024, cloud services and licenses drove $32.39 billion in revenue, 83% of the company's total revenue for the quarter.
Oracle shares were little changed Thursday trading at $125.52as of 3:15 p.m. ET Thursday. In the past year, the stock has gained nearly 50%.
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Oracle Adds New GenAI Features to Cloud Applications and Expands Microsoft Partnership - Investopedia
MAXHUB to Build Advanced AI Solutions with Microsoft Azure Cloud to Drive Global Business Growth USA – English – PR Newswire
GUANGZHOU, China, March 14, 2024 /PRNewswire/ -- MAXHUB, a leading provider of collaborative communication and interactive display solutions, proudly announces it will integrate Microsoft Azure technology. MAXHUB will harness the power of Azure to significantly amplify its international business growth and further AI technology advancements.
Amidst expanding global business horizons, MAXHUB integrates with Microsoft Azure to empower itself by meeting the surging needs for scalable cloud computing and storage. MAXHUB seamlessly shares data across multiple global data centers using the robust capabilities of Azure Cosmos DB and Blob Storage. By segregating foundational business data from personal privacy data and integrating with Azure Kubernetes Services, MAXHUB have established a globally distributed architecture for deploying key services like OTA (Over-The-Air) andCMS (Content management system). This setup is tailored for MAXHUB operational management within a worldwide scope. Not only does this enhance the research and operational efficiency, but it also effectively aligns with the data compliance regulations of various regions.
MAXHUB's integration of Azure services will support its global business and drive it forward, helping users move into a new era of more efficient and high-quality service experiences. In addition, this move will promote MAXHUB's innovative development in the field of artificial intelligence, which in turn will enhance user's interactive experience with smarter and more comprehensive technology solutions.
"We are preparing to harness Azure OpenAI features to explore AI applications in education. Our aim is to assist teachers in lesson planning and curriculum evaluation by integrating AI capabilities." Said DavidMeng, President of Global Business Group atMAXHUB. "Our objective is to nurture a high efficient and intelligent ecosystem where creativity flourishes into meaningful human interactions. Microsoft Azure's offerings align strategically with our vision and will establish a solid foundation for our success in global markets."
At present, the global demand for cloud computing and AI services is growing. MAXHUB's application and exploration of Microsoft Azure will provide users with a solid technical foundation and empower businesses with cutting-edge technology. "Microsoft is committed to empowering our customers and partners with supreme solutions that drive productivity and enrich collaborative experiences." Said Min ZHENG, Vice President of Microsoft China.
For further details, kindly explore MAXHUB's and Microsoft's websites.
About MAXHUB
MAXHUB is an industry leader in smart displays and audiovisual technology, focusing on communication and collaboration. As an R&D-led organization, they develop a range of industry-leading solutions that help keep people seamlessly connected and make teamwork more efficient and effective.
For more information about the MAXHUB, visit http://www.maxhub.com.
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Industry clouds give CIOs on-ramp to gen AI – CIO
While seemingly providing commoditized feature sets, industry clouds have been proving their business value in part by laying the foundation for innovation at companies across a range of industries. Going vertical with cloud solutions gives many companies advantages they would not have had otherwise, analysts say, including a quicker route to the cloud and purpose-built features that cater to their specific needs.
For RBC, theyre utilizing key capabilities like client interaction, information and data management, and Slack alongside as acommunication platform that facilitates collaboration and information sharing within RBC Wealth and externallywith clients, says David Mario Smith, founder and principal analyst of Inflow Analysis.
And, with access to features such as Einstein, CIOs choosing industry clouds may be able to accelerate innovation further.
Salesforce, which launched its first industry offering Financial Services Cloud in 2016, boasts 14 industry clouds developed in close partnership with industry experts and leading customers to provide industry-specific functionality, data models, and applications, says Jeff Amann, EVP and GM of Salesforce Industries, who co-founded industry cloud pioneer Vlocity, which Salesforce acquired in 2020.
The company, which generates roughly $5 billion in revenue from its industry cloud offerings, claims that 45% of its industry cloud customers are new to Salesforce, and it competes against the likes of Oracle, SAP, and ServiceNow across a growing range of verticals, along with hyperscalers AWS, Microsoft, and Google.
IDC analyst Nadia Ballard says enterprise software vendors such as Salesforce were the leading vertical cloud providers in 2022 but lost some share in 2023 to large cloud service providers, which have boosted their industry-specific offerings and financial incentives to existing cloud customers. SaaS vendors ended up in second place, with 41% of respondents to IDCs Industry Cloud Path 2023 survey saying they use an industry cloud from an enterprise software vendor, Ballard says.
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Industry clouds give CIOs on-ramp to gen AI - CIO
1 Little-Known Cloud Computing Stock to Buy Hand Over Fist Before It Soars 43% – sharewise
DigitalOcean Holdings (NYSE: DOCN) may not be a popular name in the cloud computing space when compared to the likes of and Amazon, and that's not surprising as it is currently in its early phases of growth.
Founded in 2012, DigitalOcean isn't a cloud service provider in the mold of its more illustrious peers. The company is known for providing an on-demand cloud computing platform that's used by small businesses, developers, and start-ups, and it has been struggling in the past year because of weak cloud spending. This explains why DigitalOcean stock has gained just 15% in the past year, which is well below the Nasdaq Composite index's 42% gains.
However, a closer look at the company's prospects and its attractive valuation suggests that it could indeed step on the gas in the future. Let's see why that may be the case.
Continue reading
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1 Little-Known Cloud Computing Stock to Buy Hand Over Fist Before It Soars 43% - sharewise
Webinar: Discover The Anatomy of Cloud Computing in 2024 – Simplilearn
Unlock the Power of Cloud Computing: A Gateway to Future-Proof Your Career.
Dive into the world of cloud computing on Thursday, March 20, 2024, with an exclusive webinar designed to set your career on a trajectory toward success in the digital age. Hosted by Purshottam J Assudani, this webinar is your golden ticket to understanding the nuances of cloud computing and how it can be the cornerstone of your career advancement.
Under the expert guidance of Purshottam J Assudani, a luminary in cloud computing and digital transformation with decades of experience, this webinar will unfold the vast expanse of cloud technologies. Our host, with his extensive background in leading cloud initiatives, will share insights that bridge theoretical knowledge with practical application.
Who Should Attend?
This webinar is meticulously crafted for a broad audience, ranging from IT professionals to business leaders who aspire to leverage cloud computing for organizational growth and personal career advancement. It is particularly beneficial for:
Why You Can't-Miss This Webinar
Embarking on this learning journey with us will empower you with:
What You Will Learn :
This engaging and interactive webinar will cover foundational to advanced topics in cloud computing, ensuring you walk away with a comprehensive understanding of:
Bonus: Caltech PGP Cloud Computing Preview
This webinar segment will provide a deep dive into the features and benefits of the Post Graduate Program in Cloud Computing in collaboration with Caltech CTME.
Highlights include:
Join us to navigate the cloud computing landscape with confidence and clarity. This webinar is your stepping stone to becoming integral to the cloud computing revolution. Secure your spot today and take the first step towards a future-proof career in cloud computing.
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Webinar: Discover The Anatomy of Cloud Computing in 2024 - Simplilearn
The Current State of Cloud Computing – EnterpriseTalk
A Peer Knowledge Resource By the CXO, For the CXO.
Expert inputs on challenges, triumphs and innovative solutions from corporate Movers and Shakers in global Leadership space to add value to business decision making.
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The Current State of Cloud Computing - EnterpriseTalk