Category Archives: Cloud Computing
4 Fast-Growing Cloud Computing Companies to Power Your … – The Smart Investor
The last three years have seen a sharp surge in digitalisation by individuals and companies.
With the proliferation of smartphones and laptops, along with better connectivity with the advent of 4G and 5G networks, staying connected on the go is now the norm.
As investors, it is important to identify a growing, sustainable trend that you can base your investment ideas on.
Interest in generative artificial intelligence (AI) means that the industry should see significant future growth.
Gartner, an independent research firm, estimated that worldwide spending on cloud services grew 20.4% year on year to US$494.7 billion in 2020, with spending set to hit US$600 billion this year.
We feature four promising and fast-growing cloud firms that could end up on your buy watchlist.
Microsoft is a vendor of computer hardware, software, and gaming systems.
The company is also a leading cloud service provider and is famous for its Office 360 suite of word processing and spreadsheet software that is used by millions of people and corporations.
Microsoft reported a mixed set of results for its fiscal 2023 (FY2023) ending 30 June 2023.
Revenue rose 6.9% year on year to US$211.9 billion while operating profit increased by 6.2% year on year to US$88.5 billion.
Net profit, however, slid by 0.5% year on year to US$72.4 billion because of higher income tax provisions.
Despite the lower profit, Microsoft reported a 21% year-on-year jump in cloud revenue, demonstrating continued demand for its cloud services.
For FY2023, the software company also generated US$59.5 billion of free cash flow.
This momentum has continued into the first quarter of fiscal 2024 (1Q FY2024).
Revenue increased by 12.8% year on year to US$56.5 billion with operating profit climbing 25% year on year to US$26.9 billion.
Net profit improved by 27% year on year to US$22.3 billion.
Microsoft cloud revenue for the quarter increased by 24% year on year.
The gross margin for the division also increased slightly year-on-year from 72% to 73%.
Alphabet is a technology holding company and the parent company of search engine Google.
The Californian company also offers cloud services (Google Cloud) and owns video-sharing site YouTube.
For its 2023 third quarter (3Q 2023) result, Alphabet saw revenue rise 11% year on year to US$76.7 billion.
Operating profit jumped 24.6% year on year to US$21.3 billion while net profit surged 41.5% year on year to US$19.7 billion.
Google Cloud performed well for the quarter, notching up a 22.5% year-on-year revenue increase to US$8.4 billion.
The division also chalked up an operating profit of US$266 million, its second consecutive quarter of profitability after 2Q 2023s operating profit of US$395 million.
Alphabet is also a very strong free cash flow generator.
For the first nine months of 2023 (9M 2023), the technology company generated US$61.6 billion of free cash flow, up 40% year on year from US$44 billion in 9M 2022.
Oracle develops and markets computer software applications for businesses and provides cloud services for its clients.
For its fiscal 2023 ending 31 May 2023, total revenue rose 18% year on year to US$50 billion, an all-time high.
Operating profit climbed 20% year on year to US$13.1 billion.
Net profit surged 27% year on year to US$8.5 billion.
The cloud company also generated a healthy positive free cash flow of US$8.5 billion for FY2023.
For its first quarter of fiscal 2024 (1Q FY2024) ending 31 August 2023, revenue increased 9% year on year to US$12.5 billion with cloud revenue shooting up 30% year on year to US$4.6 billion.
Operating profit climbed 26% year on year for the quarter to US$3.3 billion while net profit leapt 56% year on year to US$2.4 billion.
Amazon is one of the largest e-commerce players in the world and operates cloud services under Amazon Web Services (AWS).
The company reported an encouraging set of results for the first nine months of 2023 (9M 2023).
Total sales rose 11% year on year to US$404.8 billion with operating profit more than doubling year on year to US$23.6 billion.
Amazon reported a net profit of US$19.8 billion for 9M 2023, reversing last years US$3 billion net loss.
Its AWS segment reported higher net sales of US$66.6 billion, up from US$58.7 billion a year ago.
However, operating income for the division dipped slightly from US$17.6 billion to US$17.4 billion for 9M 2023.
Are we really ready to live in a world with AI that could potentially take over our jobs? Check out our latest Special Free Report on this fascinating topic. We cover the latest developments in AI and how they could impact your life and investments. Click here to download a copy now.
Follow us on Facebook and Telegram for the latest investing news and analyses!
Disclosure: Royston Yang owns shares of Alphabet.
Original post:
4 Fast-Growing Cloud Computing Companies to Power Your ... - The Smart Investor
A Once-in-a-Generation Investment Opportunity: 2 Highly … – The Motley Fool
Artificial intelligence (AI) has been around for years, but recent advances have made the technology more powerful and more compelling than ever, spotlighting its revolutionary potential. Indeed, some experts are calling AI the fourth industrial revolution.
The first three industrial revolutions were brought on by steam power, electricity, and digital technologies like computers and the internet. Those innovations changed the very fabric of daily life, and AI promises to have a similar impact. That hints at immense value creation, putting investors in front of a once-in-a-generation opportunity.
The most prudent way to benefit is to build a basket of AI stocks, and Wall Street is particularly bullish on Amazon (AMZN 2.12%) and Docebo (DCBO 1.31%). Both stocks carry a consensus rating of buy and neither has a single sell recommendation at the present time.
Here's what investors should know about these highly recommended growth stocks.
Amazon supplanted Apple as the world's most valuable brand in 2023, according to consultancy Brand Finance. That recognition reflects its strong presence in three large markets. Amazon runs the most visited online marketplace in the world, and its unmatched ability to source shopper data has snowballed into a booming adtech business. Additionally, Amazon Web Services (AWS) is the market leader in cloud computing.
That last point is particularly relevant. Leadership in cloud computing positions Amazon as a major player in the burgeoning artificial intelligence (AI) market. CEO Andy Jassy explained why during the second-quarter earnings call: "People want to bring generative AI models to the data, not the other way around. AWS not only has the broadest array of storage, database, analytics, and data management services for customers, it also has more customers and data stores than anybody else."
Innovation at all three layers of the AI stack should help AWS reinforce its strong position. At the infrastructure layer, Amazon is designing its own chips for AI training and inference as a cheaper (and less powerful) alternative to Nvidia graphics processing units. At the services layer, Amazon recently launched its Bedrock suite of pretrained models that lets businesses build custom generative AI applications. At the software layer, Amazon recently launched its AI-enabled coding companion CodeWhisperer to help software developers work more productively.
Amazon delivered a solid financial performance in the third quarter. Revenue rose 13% to $143 billion on strong momentum in retail and advertising, and net income according to generally accepted accounting principles (GAAP) more than tripled to reach $9.9 billion as the company continued to improve its cost structure.
Amazon is well positioned to maintain that momentum. Through 2030, retail e-commerce sales are expected to grow at 8.1% annually, adtech spend is expected to grow at 13.7% annually, and cloud computing revenue is expected to grow at 14.1% annually. That points to low-double-digit revenue growth for Amazon and, indeed, Morningstar analyst Dan Romanoff is forecasting revenue growth of 11% annually through 2027.
It is possible that Amazon grows more quickly -- Jim Kelleher of Argus Research sees AWS as "uniquely positioned" to benefit from the AI-as-a-service market -- but even the baseline projection makes its current valuation of 2.6 times sales look quite reasonable. That's why investors should include this growth stock in their AI basket.
Docebo specializes in corporate learning. Its platform allows businesses to create, deliver, and measure the impact of learning content across internal (employees) and external (customers, partners, suppliers) audiences. One particularly innovative application is Docebo Shape, a generative AI product that automates content creation by transforming virtually any source material -- from documents and articles to case studies and presentations -- into learning content.
Docebo has long been at the forefront of the corporate learning market. It was among the first companies to bring AI to its learning management system, and analysts have consistently ranked Docebo as a major player in the industry. To quote a recent report from Morgan Stanley, "Docebo is not only disrupting the internal learning management system market, taking share from legacy vendors, but it is also leading the market in a greenfield external learning opportunity."
Docebo delivered a solid financial report in the second quarter. Its customer count climbed 16% to 3,591, including the addition of an unnamed customer that is almost certainly Alphabet's Google. In turn, revenue rose 25% year over year to $43.6 million and the company reported adjusted net income of $4.7 million, up from a small loss a year earlier.
Docebo values its addressable market at $38 billion in 2026 and the company is leaning into automation to capitalize on that opportunity. Of particular note, Docebo announced new features for its generative AI application (Shape) that will launch in 2024, including virtual role play that provides learners with solution-specific simulations and real-time feedback, and an integrated copilot that further simplifies the creation of learning content.
On that note, strategist Josh Baer of Morgan Stanley sees Docebo as one of the software companies best positioned to monetize generative AI, and he expects Docebo to grow revenue at 17% annually through 2033. That forecast makes its current valuation of 9.2 times sales look very reasonable, especially when the three-year average is 15.4 times sales. That's why investors should add a small position in Docebo to their basket of AI stocks.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Amazon and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Docebo, and Nvidia. The Motley Fool has a disclosure policy.
Follow this link:
A Once-in-a-Generation Investment Opportunity: 2 Highly ... - The Motley Fool
European Commission loves Oracle enough to sign six-year cloud deal – The Register
Oracle has signed a deal with the European Commission to provide Oracle Cloud Infrastructure (OCI) and its platform services across EU administrations.
The Commission selected OCI following a competitive procurement procedure, although Big Red has not disclosed the winning bid, The Reg understands is valued at 15.75 million ($16.73 million).
The six-year agreement is set to make OCI available to "dozens" of institutions run on behalf of the world's largest trading bloc. The contract would offer institutions access to more than 100 OCI services, the database giant said in a statement.
Oracle said the deal is intended to allow EU institutions and bodies to meet compliance, data governance, and regulatory mandates with "less risk and cost."
It is not alone in providing the European Commission with cloud services. The EU body operates a multi-cloud strategy and continues to work on a swift adoption of the European Cybersecurity Certification Scheme for Cloud Services (EUCS).
"The lack of trust in cloud technologies remains a barrier to a well-functioning data economy. EUCS will introduce a harmonized set of security requirements and conformity assessment methodologies so that cloud consumers can make informed decisions. Having a harmonized set of cybersecurity requirements across Europe will promote trust in cloud services, thus fostering the uptake of cloud technologies," Oracle said in a statement.
In 2020, AWS signed a deal with the European Commission for 54 million. Acquisition of cloud services in the field of multi-tenant Infrastructure as a service (IaaS) and platform as a Service (PaaS), was set to last four years, according to an earlier tender notice. The total value of the Cloud II framework, from which AWS was selected, was set to be 417.7 million. The EC also uses tech services from OVHcloud.
Oracle claimed that more than 1,000 public sector organizations in the UK, Netherlands, Austria, and US use Oracle Cloud Infrastructure.
View post:
European Commission loves Oracle enough to sign six-year cloud deal - The Register
Global Cloud Computing Market Expected to Reach $1,554.94 Billion by 2030, Driven by Adoption of Cloud-Native Applications and Advanced Technologies -…
Company Logo
Global Cloud Computing Market
Global Cloud Computing Market
Dublin, Nov. 03, 2023 (GLOBE NEWSWIRE) -- The "Cloud Computing Market Size, Share & Trends Analysis Report By Service (SaaS, IaaS), By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global cloud computing market is poised for substantial growth, with an anticipated size of USD 1,554.94 billion by 2030, projecting a robust CAGR of 14.1% from 2023 to 2030.
Key factors driving this growth include the increasing adoption of cloud-native applications in various sectors, such as banking and supply chain automation. Cloud solutions enable businesses to swiftly develop, manage, and deploy web applications, enhancing operational efficiency. For example, in June 2023, First Abu Dhabi Bank (FAB) partnered with International Business Machines Corporation (IBM) to migrate applications to the cloud, optimizing their technology infrastructure and enhancing the digital experience for customers.
The market is also witnessing a surge in the adoption of cutting-edge technologies like Artificial Intelligence (AI), Machine Learning (ML), and 5G, driving rapid implementation within business applications. Cloud computing facilitates efficient storage, access, and management of critical data, aligning with the increasing demand for cloud services.
Notably, machine learning, edge computing, and personalization have become significant trends globally. The cloud reduces technological barriers, making it easier to perform complex computations needed for personalization. In March 2023, NVIDIA Corporation introduced cloud services for businesses to refine, operate, and build custom large language and generative AI models, benefiting companies like Morningstar, Inc., Getty Images Holdings, Inc., Shutterstock, and Quantiphi.
Market vendors are actively launching new cloud solutions, services, and workloads while enhancing existing capabilities to bolster their market position. Many prominent players are expanding into new regions by establishing data centers and driving digital transformation. For example, in June 2023, Microsoft Corporation unveiled its first Italian cloud region with three data centers in the Lombardy region, offering scalable, resilient, and available cloud services to support Italy's digital transition.
Story continues
Companies Mentioned
Key Market Highlights:
Infrastructure as a Service (IaaS): The IaaS segment is expected to exhibit the highest CAGR from 2023 to 2030 due to growing adoption driven by the need to simplify IT complexities, find skilled IT professionals, and reduce data center deployment costs.
Small and Medium-sized Businesses (SMEs): SMEs are projected to experience the highest growth rate, benefiting from affordable IT software and hardware, increased processing power, storage elasticity, and improved data and service accessibility.
Hybrid Deployment: The hybrid deployment segment is anticipated to grow rapidly, as industries adopt hybrid models to optimize costs, enhance application development, operational efficiency, and user experiences. The rise of edge computing is expected to further boost demand for hybrid clouds.
Manufacturing End-use: The manufacturing sector is expected to register the highest growth rate from 2023 to 2030, driven by advantages such as seamless data management and real-time visibility. Increased adoption of cloud services for data storage, supply chain management, and resource organization is fueling growth in this segment.
Asia Pacific: The Asia Pacific region is set to experience the fastest market growth, with SMEs and large enterprises focusing on digital transformation.
Key Attributes:
Report Attribute
Details
No. of Pages
130
Forecast Period
2022 - 2030
Estimated Market Value (USD) in 2022
$483.98 Billion
Forecasted Market Value (USD) by 2030
$1554.94 Billion
Compound Annual Growth Rate
14.1%
Regions Covered
Global
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Cloud Computing Market: Industry Outlook3.1 Market Lineage Outlook3.2 Cloud Computing Market - Value Chain Analysis3.3 Cloud Computing Market Dynamics3.3.1 Market Driver Analysis3.3.1.1 Increased resource, user mobility, and ongoing migration of applications over the cloud3.3.1.2 Increasing adoption of technologies such as artificial intelligence, machine learning, 5G, and IoT3.3.2 Market Challenge Analysis3.3.2.1 Data security and data privacy3.4 Market Analysis Tools3.4.1 Cloud computing market - Porter's five forces analysis3.4.2 Cloud computing market - PESTEL analysis
Chapter 4 Cloud Computing Market: Service Segment Analysis
Chapter 5 Cloud Computing Market: Deployment Segment Analysis
Chapter 6 Cloud Computing Market: Enterprise Size Segment Analysis
Chapter 7 Cloud Computing Market: End-Use Segment Analysis
Chapter 8 Cloud Computing Market: Region Segment Analysis
Chapter 9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/eygdmc
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
Cloud Computing Market Worth $1,402.7 Billion by 2030 – Exclusive … – Digital Journal
PRESS RELEASE
Published November 2, 2023
According to a new market research report titled,Cloud Computing Marketby Service Model (Infrastructure as a Service, Platform as a Service, and Software as a Service), Deployment Mode, Organization Size, End User (BFSI, Retail, and Healthcare), and Geography - Global Forecast to 2030, the global cloud computing market is projected to reach $1,402.7 billion by 2030, at a CAGR of 16.8% from 2023 to 2030.
Cloud computing is the delivery of different services through the internet, including data storage, servers, databases, networking, and software. Cloud storage has grown increasingly popular among individuals who need larger storage space and businesses seeking an efficient off-site data backup solution. Cloud computing is gaining traction due to its increased implementation by different enterprises for notable benefits, such as cost savings, increased productivity, speed and efficiency, performance, and security.
Several industries and organizations, including government, BFSI, retail, and healthcare, are deploying this technology on a considerable scale. The key factors driving the growth of the cloud computing market are the increase in adoption of cloud computing services, personalized customer experience, rising demand for AI, and increasing adoption of technologies such as ML and IoT. However, data security & privacy concerns may restrain the markets growth.
DownloadFree Report Sample Now @https://www.meticulousresearch.com/download-sample-report/cp_id=5416
The rising government initiatives and consistently rising adoption of cloud computing solutions among businesses are expected to offer significant growth opportunities for the cloud computing market. Furthermore, the high complexity due to the adoption of the multi-cloud model is expected to pose challenges to the growth of the cloud computing market. The latest trends in the global cloud computing market are cloud gaming and serverless computing
Impact of COVID-19 on the Cloud Computing Market
The COVID-19 pandemic adversely impacted the global economy. Nationwide lockdowns and social distancing norms were imposed across several countries. These negatively affected multiple industries, including the cloud computing industry. Uncertainty regarding the duration of the lockdowns made it difficult for the key market players to anticipate the recovery of the cloud computing market.
Numerous cloud computing providers were under immense pressure due to the COVID-19 pandemic. However, economies are shifting their focus from responding to the pandemic to economic recovery. Various growth opportunities are expected to emerge for the cloud computing market players due to the consistently rising adoption of cloud computing solutions among businesses.
However, several businesses are exerting extensively to move thecloud computingmarket in the right direction. Local governments are also undertaking several relief steps to mitigate the negative impacts of the COVID-19 pandemic. As a result, thecloud computingmarket is expected to recover to its original track after 2023.
The global cloud computing market is segmented by service model (infrastructure as a service, platform as a service, and software as a service), deployment mode (public cloud, private cloud, and hybrid cloud), organization size (large enterprises, small & medium enterprises), end user (BFSI, healthcare, IT and telecom, government & public sector, retail, manufacturing, energy & utilities, media & entertainment, and other end users). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business:https://www.meticulousresearch.com/speak-to-analyst/cp_id=5416
Based on service model, in 2023, the software as a services segment is estimated to account for the largest share of the global cloud computing market. The large market share of this segment is attributed to the rising adoption of cloud computing services, increasing preferences for SaaS delivery models, and growing demand for AI. Additionally, this segment is projected to register the highest CAGR during the forecast period.
Based on deployment mode, in 2023, the public cloud segment is estimated to account for the largest share of the global cloud computing market. The large market share of this segment is attributed to the growing reliance on public cloud services among SMEs for effective management and the rising shift of businesses towards work-from-home culture. In addition, the benefits offered by public cloud, such as cost efficiency, agility, and flexibility, further augment the growth of this segment. However, the hybrid cloud segment is projected to register the highest CAGR during the forecast period. The growing demand for agile and scalable computing and the rising need for computational power are expected to support this segment's growth.
Based on organization sizethe global cloud computing market is segmented into large enterprises and small & medium enterprises. In 2023, the large enterprise segment is estimated to account for the largest share of the global cloud computing market. The large market share of this segment is attributed to the high spending capabilities of large enterprises and the availability of skilled IT personnel for the management of cloud platforms. However, the small & medium enterprises segment is slated to register the higher CAGR during the forecast period.
Based on geography,the global cloud computing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is estimated to account for the largest share of the global cloud computing market. North Americas major market share is attributed to the presence of leading cloud computing providers and their increasing focus on developing advanced cloud computing technology and increasing government funding for further advancements.
However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The infrastructural growth in APAC, especially in China, South Korea, Australia, Singapore, Japan, the rapid growth rate of developing economies, rapidly developing data centers, and the growing awareness about the importance of cloud computing among small and medium-sized organizations create huge opportunities for the cloud computing market.
Quick Buy Cloud Computing Market - Global Opportunity Analysis And Industry Forecast (2023-2030), Research Report:https://www.meticulousresearch.com/Checkout/37298084
Some of the key players operating in the global cloud computing market are Microsoft Corporation (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), SAP SE (Germany), Google LLC (U.S.), Salesforce, Inc. (U.S.), Workday, Inc. (U.S.), Alibaba Group Holding Limited (China), VMware, Inc. (U.S.), DXC Technology (U.S.), Nutanix, Inc. (U.S.), Cisco Systems, Inc. (U.S.), ZYMR, INC. (U.S.), and SAS Institute, Inc. (U.S.).
Scope of the Report:
Cloud ComputingMarket, by Service Model
Cloud Computing Market, by Deployment Mode
Cloud Computing Market, by Organization Size
Cloud Computing Market, by End User
Cloud ComputingMarket, by Geography
RequestFree Report Sample Now:https://www.meticulousresearch.com/request-sample-report/cp_id=5416
Contact:Mr.Khushal BombeMeticulous Market Research Inc.1267WillisSt,Ste200 Redding,California,96001, U.S.USA: +1-646-781-8004Europe : +44-203-868-8738APAC: +91 744-7780008Email-[emailprotected]Visit Our Website:https://www.meticulousresearch.com/Connect with us on LinkedIn-https://www.linkedin.com/company/meticulous-research
Read more:
Cloud Computing Market Worth $1,402.7 Billion by 2030 - Exclusive ... - Digital Journal
Cloud computing market size to grow by USD 429.6 billion from 2022 to 2027, vendor lock-in and operational complexities is expected to hinder the…
NEW YORK, Nov. 2, 2023 /PRNewswire/ -- The cloud computing market size is expected to grow by USD 429.6 billion from 2022 to 2027. The growth momentum of the market will accelerate at a CAGR of 17.32% during the forecast period. Factors such as vendor lock-in and operational complexities will challenge market growth. Vendor lock-in occurs when a customer cannot transition easily to another vendor's product or service. This makes it difficult to switch to a public cloud service provider from a private cloud platform. Moreover, each vendor may support different languages, libraries, APIs, architecture, or OS. The process of switching can be time-consuming, labor-intensive, and expensive. It may even result in rebuilding or altering an application to fit the new platform. Thus, vendor lock-in can hinder the growth of the global private cloud services market during the forecast period.For more insights on the historic (2017 to 2021) and forecast market size (2023to 2027)Download our sample report!
Technavio has announced its latest market research report titled Global Cloud Computing Market
Key market challenges
The increased use of containers will boost the adoption of the cloud, which will drive the cloud computing market growth. Containers and microservices are alternative solutions to virtual machines (VMs). Containers are lighter than VMs and can package applications and all OS dependencies in a single package. They provide a high level of visibility toward application performance. Moreover, container and microservice architectures allow rapid scaling. These factors will drive the market's growth during the forecast period.
Few companies mentioned with their offerings
Adobe Inc. - The company offers Creative Cloud service with apps, web services, and resources.
Alibaba Group Holding Ltd. -The company offers multi-model cloud-native databases and distributed cloud services.
Alphabet Inc. - The company offers a wide range of cloud computing services.
Amazon.com Inc. - The company offers a wide range of cloud computing services.
Cisco Systems Inc. -The company offers cloud-neutral solutions and full-stack observability with its cloud
To gain access to more vendor profiles with their key offerings available with Technavio, download a sample report.
Story continues
Market segmentation
The cloud computing market report is segmented by deployment (public cloud and private cloud), service (SaaS, IaaS, and PaaS), and geography (North America, APAC, Europe, South America, and Middle East and Africa).North Americawill be the leading region with 50% of the market's growth during the forecast period. The US and Canada are the key markets for cloud computing inNorth America.
For additional insights into the contribution of all the segments and regional opportunities, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download our sample report
Why buy?
Add credibility to strategy
Analyzes competitor's offerings
Get a holistic view of the market
Grow your profit margin with Technavio Buy the report!
What`s New for 2023?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial
Related Reports:
The cloud storage services market size is expected to increase by USD 79.89 billion during 2021-2026, accelerating at a CAGR of 18.43%. Furthermore, this report extensively covers market segmentation by end-user (large enterprises and SMEs) and geography (North America, APAC, Europe, South America, and Middle East and Africa).
The cloud discovery market size is expected to increase by USD 1.27 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.26%. Furthermore, this report extensively covers cloud discovery market segmentation by component (solutions and services) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
Browse for Technavio information technology marketreports
Table of contents:
1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation by Deployment7 Market Segmentation by Service8 Customer Landscape9 Geographic Landscape10 Drivers, Challenges, and Trends11 Company Landscape12 Company Analysis13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:media@technavio.comWebsite:www.technavio.com/
Global Cloud Computing Market
Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/cloud-computing-market-size-to-grow-by-usd-429-6-billion-from-2022-to-2027--vendor-lock-in-and-operational-complexities-is-expected-to-hinder-the-market-growth---technavio-301976412.html
SOURCE Technavio
See original here:
Cloud computing market size to grow by USD 429.6 billion from 2022 to 2027, vendor lock-in and operational complexities is expected to hinder the...
Sentara Health saves $5.8M annually via migration to cloud – Healthcare IT News
Sentara Health is a not-for-profit health system, one of the largest in the Mid-Atlantic and Southeast and among the top 20 largest in the country, with 30,000 employees, 12 hospitals in Virginia and Northeastern North Carolina, and the Sentara Health Plans division, which serves more than 1.2 million members in Virginia and Florida.
THE PROBLEM
Sentara has embarked on a cloud computing journey to enhance operational efficiency, improve patient care and strengthen data security. Through strategic work with vendors and innovative initiatives, Sentara has leveraged cloud technologies to transform its IT infrastructure with the aim of delivering improved patient outcomes.
In 2018, Sentara launched its digital front door initiative to enhance patient experience and improve access to healthcare services through technology and innovation.
"The digital front door includes various components to make healthcare more convenient and accessible for patients," said Tim Skeen, executive vice president and CIO at Sentara Health. "One key element was implementing a mobile app that allows patients to schedule appointments, access medical records and communicate with healthcare providers.
"This app provides a seamless and personalized patient experience, eliminating the need for phone calls or in-person visits for routine tasks," he added.
To strategically move Sentara to the path of a digital front door, staff recognized the need to securely architect, deploy and manage applications, services and assets in the cloud, he said.
"As we looked at rolling out the digital front door, we also recognized the need for a consumer-facing app in the cloud, our enterprise data platform, EHR, CRM, claims platform, and many other strategic and business-focused applications," Skeen recalled.
"As businesses increasingly migrate to cloud-based environments, ensuring the security of sensitive data and applications becomes paramount," he continued. "Cloud computing has revolutionized how businesses operate but has also introduced new security challenges."
PROPOSAL
Skeen said first up was understanding the cloud security framework.
"The cloud security framework offers a comprehensive approach to safeguarding cloud infrastructures, leveraging advanced technologies and implementing industry best practices," he explained. "This technology provides a solid foundation for the cloud security framework, enabling organizations to protect sensitive data and ensure the integrity of their cloud-based operations."
Tim Skeen, Sentara Health
Key components of the framework, Skeen outlined, include:
MEETING THE CHALLENGE
Skeen said there are many benefits of the cloud security framework, including:
"The automated deployment of cloud security framework technologies were used to streamline and enhance the process," Skeen explained. "Optafi, a cloud security vendor, recognized the need for an automated approach to deploying their security framework to protect cloud environments efficiently. By implementing automation tools and methodologies, we were able to simplify and accelerate the deployment process while ensuring the highest level of security.
"One key aspect of the automation strategy was the use of infrastructure as code (IaC) principles," he continued. "By defining cloud infrastructure through code, we could standardize and automate the deployment of their security framework across multiple cloud environments."
This eliminates the need for manual configuration and reduces the risk of human error, resulting in a more secure and consistent deployment, he added.
"Moreover, we leveraged continuous integration and continuous deployment (CI/CD) pipelines to automate the entire deployment lifecycle," he noted. "CI/CD pipelines facilitate the seamless integration of code changes, automated testing, and deployment of the security framework. This allows for faster iterations and ensures that the latest security enhancements are promptly deployed in the cloud environment.
"Intelligent orchestration and configuration management tools were employed to enhance the cloud security framework's automation further," he continued. "These tools enable us to manage and automate the configuration of security controls centrally, ensuring that all cloud instances are adequately secured and compliant with industry standards."
Additionally, automated monitoring and alerting systems were implemented to proactively detect and respond to any security incidents or vulnerabilities, he said.
RESULTS
Skeen reported some key success metrics of the cloud program:
Follow Bill's HIT coverage on LinkedIn: Bill SiwickiEmail him:bsiwicki@himss.orgHealthcare IT News is a HIMSS Media publication.
Link:
Sentara Health saves $5.8M annually via migration to cloud - Healthcare IT News
From Electronics to Cloud Computing: The Forces Shaping the Future of Industrial Software – Yahoo Finance
DUBLIN, Nov. 2, 2023 /PRNewswire/ -- The"Global Industrial Software Market (by Platform, End User, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
Research and Markets Logo
The global industrial software market is poised for substantial growth, with an anticipated value of $110.50 billion by 2023, displaying a robust Compound Annual Growth Rate (CAGR) of 9.25% during the forecast period.
Understanding Industrial Software
Industrial software refers to a collection of application programs, processes, procedures, and functionalities designed to facilitate large-scale data collection, transformation, and management. It finds applications across diverse industries such as manufacturing, construction, design, healthcare, textiles, chemicals, food processing, and more. Industrial software plays a crucial role in digitizing real-world work data for analysis, ensuring the preservation of a non-physical record immune to destruction, loss, or theft.
Segmentation
By Platform: The global industrial software market is categorized into two primary platforms: On-Premise and Cloud. The cloud platform segment is projected to experience the highest growth rate during the forecast period. Cloud-based industrial software offers immediacy, efficiency, resource planning optimization, scalability, and accessibility. It also features benefits like quicker implementation and lower upfront costs, contributing significantly to the segment's growth.
By End User: The market is segmented into eight key end users: BFSI (Banking, Financial Services, and Insurance), IT & Telecom, Manufacturing, Government, Healthcare, Retail, Aerospace & Defense, and Others. The BFSI sector leads the industrial software market due to the expanding adoption of software solutions for transaction tracking, accurate portfolio reporting, and digital banking. The user-friendly interface of these software solutions, featuring various charts, analytics, and data blocks, has contributed to their growth. Factors such as easy data access, digital banking, and the rise of fintech startups further drive the growth of the BFSI software market.
Story continues
Geographic Coverage
The global industrial software market is divided into four regions: North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America holds the largest share of the global market, driven by factors like the increasing adoption of industrial software by small and medium-sized businesses, investments in cutting-edge technology-driven software development, and a substantial presence of market players. Access to software functionalities through smartphone applications is also expected to contribute to market growth.
The Asia Pacific market is set to expand significantly, driven by a thriving manufacturing sector and the growth of small and medium enterprises. The market is expected to benefit from the increasing adoption of on-premises industrial software solutions by businesses looking to enhance productivity and performance. Government support for IT infrastructure implementation is another factor expected to boost demand for industrial software.
Top Impacting Factors
Growth Drivers
Growing Electronics Industry
Surging Adoption of Industrial Cloud Computing Technology
Rapid Installations of Industrial Robots
Rising Adoption of Digital Transformation
Challenges
Trends
Integration of Artificial Intelligence (AI) with Industrial Software
Increasing Adoption of Industrial Internet of Things (IIoT)
Increasing Industrial Spending on R&D
Growing Adoption of Automation in Raw Material Industries
Key Drivers
Growing Electronics Industry: The electrical and electronics industry's continuous need for innovation, cost reduction, and process acceleration has led to the adoption of specialized industrial software. These software solutions enable lean manufacturing, component manufacturing, and service providers in the electronics industry to improve their processes, reduce time-to-market, and enhance product quality.
Challenges
High Initial Capital Investment: While industrial software integration offers automation and cost-effectiveness, the significant initial capital required for technology implementation and employee training poses a challenge. Uncertainty regarding return on investment (ROI) discourages small and medium-sized enterprises (SMEs) from adopting technology due to high upfront costs.
Trends
Integration of Artificial Intelligence (AI) with Industrial Software: Big data and AI play a pivotal role in Industry 4.0, offering intelligent software solutions that use extensive factory data to identify trends, optimize manufacturing processes, and reduce energy consumption. AI-driven software can adapt to changing circumstances and discover complex connections within systems, supporting continuous improvement and optimization.
Impact of COVID-19
The COVID-19 pandemic affected the industrial software market, with government-mandated closures and travel restrictions impacting manufacturing and related industries. The initial phase saw a decline in demand for industrial software due to temporary closures of end-use industries. However, the post-pandemic outlook for the market is optimistic, with the adoption of smart factory automation, driven by the Industrial Internet of Things (IIoT) and Industry 4.0, expected to fuel growth.
Analysis of Key Players
The global industrial software market exhibits moderate fragmentation, with high-growth segments including cloud infrastructure and services, cybersecurity, and data analytics. Key players in the market include:
Microsoft Corporation
Siemens AG (Siemens Digital Industries Software)
IBM Corporation
Oracle Corporation
Salesforce Inc.
ABB Group
Honeywell International Inc.
Dassault Systemes SE
Amazon.Com, Inc. (Amazon Web Services, Inc.)
Cadence Design Systems, Inc.
Synopsys Inc.
SAP
For more information about this report visit https://www.researchandmarkets.com/r/rvhn0j
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.comFor E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
Cision
View original content:https://www.prnewswire.com/news-releases/from-electronics-to-cloud-computing-the-forces-shaping-the-future-of-industrial-software-301975738.html
SOURCE Research and Markets
Read more from the original source:
From Electronics to Cloud Computing: The Forces Shaping the Future of Industrial Software - Yahoo Finance
5 Reliable and Trustworthy Cloud Computing Services for 2023 – Analytics Insight
Presenting the top 5 reliable and trustworthy cloud computing services for 2023
The tech world is being revolutionized by cloud computing services. They are changing the way organizations function by providing computing resources on demand. Cloud computing is a big change in the IT industry, not just a fad. Because of their affordability, scalability, and flexibility, these computing services are essential to the contemporary cloud ecosystem. It is anticipated that cloud computing services will continue to have an increasing impact on the IT industry as time goes on. Well go over 5 of the greatest cloud computing services available in 2023 in this article.
Possessing a broad range of goods and services for different use cases and sectors, AWS is the market leader in cloud service providers. AWS provides cloud computing solutions for Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Function as a Service (FaaS). IoT services, blockchain platforms, quantum computing power, and AI and ML tools are all offered by AWS.
Azure is the industrys second-biggest cloud service provider, specializing in hybrid cloud solutions. Azure provides IaaS, PaaS, SaaS, and FaaS cloud computing services in addition to IoT services, blockchain platforms, AI and ML tools, and quantum computing capabilities. Additionally, Azure works nicely with Windows, SQL Server, Office 365, and other Microsoft services and products.
Third-biggest cloud service provider in the industry, GCP places a lot of emphasis on the creation and deployment of applications. In addition to AI and ML tools, IoT services, blockchain platforms, and quantum computing capabilities, GCP provides cloud computing services for IaaS, PaaS, SaaS, and FaaS. Googles knowledge and assets, like search engines, maps, YouTube, Gmail, and Chrome, are also utilized by GCP.
The fourth-largest cloud service provider on the market, IBM Cloud, places a major emphasis on cloud-based AI solutions. In addition to AI and ML tools, IoT services, blockchain platforms, and quantum computing capabilities, IBM Cloud provides cloud computing services for IaaS, PaaS, SaaS, and FaaS. IBM Cloud also makes use of IBMs technological know-how and assets, including Red Hat, Power Systems, Z Systems, and Watson.
Concentrating mostly on cloud-based database solutions, Oracle stands as the markets fifth-largest cloud service provider. Along with IoT services, blockchain platforms, AI and ML tools, and quantum computing capabilities, Oracle provides cloud computing services for IaaS, PaaS, SaaS, and FaaS. Oracle Exadata Cloud Service, Oracle Fusion Applications, Oracle Database, and Oracle Autonomous Database are just a few of the technologies and knowledge that Oracle uses.
Read the original:
5 Reliable and Trustworthy Cloud Computing Services for 2023 - Analytics Insight
Cloud computing growth is the new benchmark – Investors Chronicle
Microsoft (US:MSFT), Amazon (US:AMZN) and Alphabet (US:GOOGL) may be the market's darlings, but right nowthe only thing investors really careabout is their cloud computing performance. Microsoft and Alphabet both reported their recent third-quarter results on the same day, and both beat consensus earnings expectations. However, Microsofts share price rose 4 per cent and Alphabets fell 9 per cent.
The reason? Microsofts earnings beat was built on the back of cloud computing while Alphabets was due to a recovery in its advertising market.
Microsofts cloud computing division, Azure, grew 29 per cent year on year in the three months to September, exceeding market expectations of 26 per cent. This extra growth came from artificial intelligence (AI), with chief financial officer Amy Hood confirming that roughly three percentage points came from AI services. While the trends from [the] prior quarter continued, growth was ahead of expectations, primarily driven by increased graphics processing unit (GPU) capacity and better-than-expected GPU utilisation of our AI services, said Hood.
Original post:
Cloud computing growth is the new benchmark - Investors Chronicle