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Microsoft: Here’s what caused our Azure cloud-computing outage – ZDNet

Microsoft has revealed the root cause of the recent outage affecting Azure, which lasted about an hour and was due to a surge in Domain Name System (DNS) requests coupled with a code defect.

Users were reporting that Azure Portal, Azure Services, Dynamics 365, and Xbox Live were inaccessible during the worldwide outage between 21:21 UTC and 22:00 UTC on 1 Apr 2021. Microsoft said in its root cause analysis report that the majority of services recovered by 22:30 UTC.

While Microsoft quickly confirmed the outage was related to its DNS capabilities, the company's final root cause analysis published April 4 sheds a bit more light on the cause being a previously unseen code defect in its DNS service that was triggered by excessive DNS client retries.

SEE: Office 365: A guide for tech and business leaders (free PDF) (TechRepublic)

"Azure DNS servers experienced an anomalous surge in DNS queries from across the globe targeting a set of domains hosted on Azure," Microsoft states.

"Normally, Azure's layers of caches and traffic shaping would mitigate this surge. In this incident, one specific sequence of events exposed a code defect in our DNS service that reduced the efficiency of our DNS Edge caches."

Microsoft's DNS service was swamped as DNS clients retried requests, which added further pressure on the service. Microsoft notes DNS client retries are considered legitimate DNS traffic, so this traffic was not dropped by Microsoft's volumetric mitigation systems, in turn reducing the availability of its DNS service across multiple regions.

Microsoft says it mitigated the issue by updating the logic on the volumetric spike mitigation system to protect the DNS service from excessive client retries.

The technology giant apologized to affected customers and explained that it had repaired the code defect to handle all requests efficiently in the cache. It has also improved automatic detection and mitigation of anomalous traffic patterns.

This latest outage was not as lengthy as its 14-hour Azure outage in mid-March, which was attributed to an error that occurred in the rotation of keys used to support Azure AD's use of OpenID.

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IBM opens up finance industry cloud with Red Hat OpenShift support – Cloud Tech

IBM has announced the general availability of its finance industry cloud, bolstered with the support Red Hat OpenShift alongside other cloud-native services.

The companys IBM Cloud for Financial Services, which was designed in collaboration with Bank of America and debuted in 2019, allows clients and partners to build applications with OpenShift, migrate virtual machine workloads, as well as establish compliance profiles across their workloads to help support continuous compliance needs.

Current customers and partners, alongside Bank of America, include BNP Paribas, Luminor Bank, based in the Baltic states, and MUFG in Japan. The initiative also boasts more than 90 ISVs and software as a service providers. New to the latter list is SAP.

The compliance aspect is naturally an important one when it comes to financial data. IBM Cloud for Financial Services boasts IBMs fourth-generation confidential computing capabilities, along with claimed enterprise-grade encryption.

As regular readers of this publication will have seen, industries such as finance and healthcare, with high levels of regulation and specific data requirements, have seen comparatively slow uptake of cloud offerings. The largest cloud providers, however, have hoped to allay certain fears with the launch of industry-specific clouds. Microsoft launched a healthcare cloud in May, with others to come. This has come to pass, with the most recent tranche, in February, featuring finance, alongside manufacturing and non-profit.

IBM is keen to point out, however, that it was here first for this particular industry. Alongside the work with Bank of America, the company has worked with Promontory, a global provider of financial services regulatory compliance consulting. The result is a set of compliance controls which are built directly into the IBM Cloud for Financial Services offering.

These controls are critical to help financial services companies operate securely while managing bank-sensitive data in the public cloud, Harish Grama, general manager of IBM Cloud, told CloudTech.

Grama added that finance in particular was an industry that has long been challenged by cloud platforms that lacked the necessary technologies to address its specific compliance and regulatory environments.

Telecom is another vital industry for the biggest cloud providers. IBM launched IBM Cloud for Telecommunications in November, two months after Microsoft unveiled Azure for Operators. Grama noted that IBM understands the needs of highly regulated industries, specifically citing finance, telco, healthcare and government, and is committed to helping companies securely migrate their mission-critical workloads to the cloud.

As companies embark on their cloud journeys, we will continue to look for opportunities to leverage our expansive industry and global experience across our cloud business, added Grama.

Want to find out more about topics like this from industry thought leaders? TheCloud Transformation Congress, taking place on 13 July 2021, is a virtual event and conference focusing on how to enable digital transformation with the power of cloud.

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Cloud Security Alliance serves up a needed shot of realism with sprawling remote cloud initiatives – Cloud Tech

Amid the continued acceleration and focus on cloud initiatives as remote working turns into a necessity instead of a nice-to-have, it is always nice to get a helping of realism to accompany the hype.

The Cloud Security Alliance (CSA), in association with cloud security management provider AlgoSec, has done just that in its latest report. The study, State of Cloud Security Concerns, Challenges, and Incidents, polled almost 1,900 IT and security professionals across a variety of organisation sizes and locations.

The first clear finding was that organisations continue to move to complex cloud environments.

More than half (52%) of respondents said at least two fifths or more of their workloads (41%) were in public cloud environments as of last year. For the rest of 2021, this is predicted to rise to 61%. In terms of specific cloud providers, Amazon Web Services (AWS) just outbids Microsoft Azure with 67% to 65% share. Google Cloud (37%) is a distant third. These figures are not dissimilar trends to the Flexera State of the Cloud 2021 which was published last month; the needle is still moving to public and multi-cloud.

Like the Flexera, security continues to be the top challenge. This may not be too surprising given the report authors, but the data digs deeper into specific concerns. The CSA and AlgoSec study found respondents biggest issues were network security cited by 58% of respondents and a lack of cloud expertise (47%). One in three respondents (32%) noted there was insufficient staff to manage cloud environments.

In total, almost four in five (79%) of those polled reported staff-related issues. The CSA called this notable, and a clear indicator that organisations were struggling with handling cloud deployments and a largely remote workforce.

Another interesting comparison with the Flexera benchmark can be found in management. The Flexera report found a wide range of stakeholders managing cloud spend. In the majority of cases, a specific cloud team took charge, but stragglers, such as forecasting cloud costs, saw input from infrastructure and ops, as well as finance.

Looking at cloud security, the CSA and AlgoSec data again see a less-than-clear-cut path. 35% of respondents said their security operations team managed cloud security, followed by the cloud team (18%), and IT operations (16%). Yet wider stakeholders, from network operations, to DevOps, and even application owners, were cited. The CSA said this showed confusion.

The survey also asked whether organisations had suffered a cloud-related operational incident over the past 12 months. Only one in 10 (11%) said they had, remaining consistent with 2019 figures. Hold the bunting and celebrations, however; two in five (41%) said they were unsure a significant uptick on two years previous with a full quarter (27%) preferring not to answer.

Ultimately, the reports keynote was around a general sense of confusion among organisations. This is not a new sensation this publication has reported variously on how complexity breeds confusion but cloud security tools which supplement the workforce are now the order of the day.

This chimes with the ecosystem John Morgan, CEO at cloud cybersecurity detection provider Confluera, sees. As the gap narrows between cloud adoption and IT resources to secure the cloud or hybrid environment, I expect more organisations to adopt a new class of cloud-based security solutions as they will be required to accelerate business, provide better user experiences, and create new security processes to keep with modern application development practices, Morgan told CloudTech.

You can download the full report here (pdf, email required).

Read more: Cloud Security Alliance and ISACA come together for new cloud auditing certificate

Photo by Yang yang on Unsplash

Want to find out more about topics like this from industry thought leaders? TheCloud Transformation Congress, taking place on 13 July 2021, is a virtual event and conference focusing on how to enable digital transformation with the power of cloud.

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3 Cloud Computing Stocks Poised to Outperform By StockNews – Up News Info

Cloud computing stocks have been a part of the market correction of the past few weeks. However, a handful are good buys as they continue to grow sales and earnings at an above-average clip.Over the past four decades a variety of disruptive technologies have emerged, such as the personal computer, the internet, and smartphones. Among their many impacts, they have also transformed how businesses operate and ultimately made them leaner, more competitive, and better able to scale their operations with less friction.

Currently, one of the most disruptive technologies is cloud computing. ZDNet defines cloud computing as, The delivery of on-demand computing services from applications to storage and processing power typically over the internet and on a pay-as-you-go basis.

Companies, in all different sectors and around the world, are moving to host their data and applications on cloud platforms. In addition, companies are using cloud-hosted software to run their business. The importance of this software was demonstrated amid the pandemic and ensuing shutdowns as businesses were able to operate without in-person offices. 3 companies providing these essential cloud-based software packages are Workday (NASDAQ:), Adobe (NASDAQ:), and (NYSE:).

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Disruptive innovation in cybersecurity – Web Hosting | Cloud Computing | Datacenter | Domain News – Daily Host News

The COVID-19 outbreak has speeded up the growth of Internet traffic. The number of websites is rising rapidly, and there are more eCommerce businesses than ever. Therefore, the shared web hosting companies are doing a roaring trade. But unfortunately, these are not the only numbers that are growing. Cyberattacks are also on the rise, and no business is safe nowadays. By now, cybercrime is one of the most frequently reported economic crimes in the organizations, making cybersecurity a C-suite and board-level concern.

Today we will talk about how to detect and remove obfuscated malware from shared web hosting servers.

The obfuscation technique is for hiding the real purpose of a program. The hacker creates a code that is not readable by humans, but the functionality behind it remains the same. So, when you run the program, it will behave like the encapsulated program it was designed for.

There are two different types of analysis when we talk about malware: static and dynamic.

The static analysis includes hash algorithms, string matching, code-based detection, and there is a new, patent-pending technique invented by George Egri (Co-founder and CEO of BitNinja), the source code structure analysis.

This creates a special structure-based signature from the source code and then does the matching on the structure. This way, no matter how the source is altered, the structure will be the same. It is very similar to how plagiarism checker systems work.

But jump back to the types of analyses. Besides the static analysis, there is the dynamic analysis. When using the dynamic analysis, you run the source code partially or entirely and observe the programs behavior.

One of the behavior analysis methods is deobfuscation. If you find the obfuscation mechanism, you can deobfuscate the code. After that, you can decapsulate the real program and match the deobfuscated source code. But believe me, there are too many different obfuscation techniques. So, its not that easy to deobfuscate the code, and there are other aspects that are hard to analyze without partially running the code.

Another technique is from the output when you analyze the output of the program. Most of the time, when you run malware, you can find traces of malicious behavior from the output.

Within the confines of the Function Calls analysis, you run the code, and you find which functions are used for malicious activities.

The next one is variable content analysis. This program contains something phishy, as you can see in the picture. Its always suspicious when a source code includes function names like explode and basic commands used to decode interesting variable names.

It can happen with real files or within a simulated environment to safely analyze file manipulations.

Finally, you can do multi-path execution when you analyze what would happen if you forced the interpreter into a code branch. This way, you can find locked code parts, and this technique is also quite helpful in discovering malicious behaviors.

Sandboxing is one way to use these techniques if you have a couple of special servers for that purpose.

These servers can spin up virtual servers, and you upload the PHP file to it, run the code and do the above-mentioned analyzing methods. The disadvantage of this technique is that it takes around 20 seconds to analyze one PHP file. Analyzing all of your PHP files would take a lot of time and eat up too many resources.

BitNinja has built a PHP simulator. Its a safe environment where you can partially run PHP files on the server and run all the analyses that we were talking about. With this feature, you can analyze old PHP files on the servers and can discover the most recent zero-day malware, even if they are obfuscated.

You need different solutions against DoS attacks, brute force, botnets, vulnerability scans, backdoors, and the list is almost never-ending. The best way to secure your servers is to set up a multi-layered defense system that stops the attacks on each layer.

Thats exactly what BitNinja provides. You can install it with a one-line code, and then you have a complex system of layers from real-time IP reputation through honeypots, DoS detection, WAF, log analysis, and of course, malware detection.

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Southeast Asia Cloud Computing Market Global Insights, Trends and Huge Business Opportunities 2021 to 2025 | Amazon, Akamai Technologies, CA…

The COVID-19 Outbreak-Global Southeast Asia Cloud Computing Market study has been conducted by Adroit Market Research to monitor and evaluate the evolving views of leaders across the all regions. The Industry research on the Global Southeast Asia Cloud Computing market will include the entire ecosystem, covering five major regions namely North America, Europe, Asia Pacific, Latin America and Middle East & Africa, and the major countries falling under those regions. The research will feature estimates in terms of sales revenue and consumption from 2019 to 2025, at the global level and across the major regions mentioned above.

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Our analysis involves the study of the market taking into consideration the impact of the COVID-19 pandemic. Please get in touch with us to get your hands on an exhaustive coverage of the impact of the current situation on the market. Our expert team of analysts will provide as per report customized to your requirement. For more connect with us at[emailprotected]or call toll free: ++1 972-362 -8199

Southeast Asia Cloud Computing Market Top Leading Players Amazon, Akamai Technologies, CA Technologies, Alibaba, Cisco Systems and Google Inc.

With increasing maturity of industry players of global Southeast Asia Cloud Computing market, identify possible future growth areas, potentially disruptive trends, and showcase important product/service innovations and research taken up by key competitors.

This market study offers you detailed insight into the global form industry with market size, in value terms, estimated at USD million/billion for the period. It also provides the projected growth rate for the next 56 years along with forecast market value. The study includes estimation of market size, detailed profile of products/services, SWOT of manufacturers/providers, their strategies, and recent developments in the industry.

Staying on top of market trends & drivers is essential for decision makers to leverage this emerging opportunity. The Global Southeast Asia Cloud Computing Market research publication released by Adroit Market Research addresses all this aspects and provides the latest scoop and detailed insights on all major & emerging business segments.

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Southeast Asia Cloud Computing Marke Segmentation:Type Analysis of the Southeast Asia Cloud Computing Market:by Deployment (Public Cloud, Private Cloud, Hybrid Cloud) by Product (IaaS, PaaS, SaaS) by Organization (Small, Medium, Large) by Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics, Others)

Application Analysis of the Southeast Asia Cloud Computing Market:by Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics, Others)

Takeaways from the Report:

You will learn about the Global Southeast Asia Cloud Computing market drivers for the projected period

You will be exposed to the segment-region-wise analysis of major geographical areas North America, Latin America, Europe, Asia-Pacific, and the rest

You will know the Global Southeast Asia Cloud Computing market size at the country level

You will get detailed insight into the strategic and actual happenings of the key players in the insulated concrete form industry, including research and developments, collaboration, working partnership, and other acts, product launches, etc.

You will be provided Global Southeast Asia Cloud Computing details of various segments

You will also be enlightened about the value and supply chain analysis of the Global Southeast Asia Cloud Computing market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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Hybrid cloud spurs innovation in Canada’s most regulated industries – IT World Canada

Every digital experience matters. Whether youre downloading a new app, installing privacy software or deploying a platform that will support transformational change we expect all of our digital interactions to be frictionless and secure.

However, the pandemic has caused an inadvertent shift in this thinking. Now, almost every experience relies on some kind of technology, blurring the solid line between digital and real-world experiences. For the past year, Canadians have been banking online, seeing doctors via telehealth, conducting business virtually, to name but a few. As a direct impact, many businesses, large and small, have embraced digital transformation and are adopting cloud to enable these experiences and interactions.

New research from IDC suggests that 63 per cent of organizations in Canada are planning to implement a hybrid cloud environment over the next 12 to 24 months. This means hybrid cloud solutions are top of mind for many, providing a greater level of scale, resources and capabilities. And while there is an expectation that clouds are the most secure technology, over two-fifths of Canadians have reported a cyber incident since the start of the pandemic (Statistics Canada).

During the pandemic, cloud-based cyber-attacks rose 630 per cent between January and April 2020 (McAfee). Every few weeks we see a security breach in the news, so its no wonder CIOs and CSOs are up at night thinking about running workloads in a cloud environment that they trust to provide frictionless and secure interactions for consumers.

This is especially true in highly regulated industries like financial services, telecommunications, government and healthcare that steward vital data. When normality becomes disrupted, there is an opportunity to exploit.

With confidential computing, its easier than ever for global enterprises to modernize and build new business applications on the cloud without jeopardizing security and control. For technology leaders, confidential computing enables you to have full authority and privacy in your computing, code, and data, even when running in a cloud environment.

Only you have access to that data. It provides greater assurance that the data is protected and visible. Not even the cloud vendor that hostss the data even during processing can see it. Data is protected in transit, at rest and in use. With confidential computing, you can run in a cloud computing environment with others also running workloads but still have full privacy and authority over what youre doing, effectively in an enclave.

To support mission-critical applications, you need continuous availability, high resiliency and faster, interconnected speeds. Across the board, we see businesses invest in security innovation as they embrace confidential computing in their hybrid cloud environments.

This is a proven way to protect data during processing and at rest, and even the most regulated industries will move to hybrid cloud thanks to new security technologies. Designed to address the unique challenges and security requirements of industries like banking, telco and even government, industry-specific clouds are the way of the future.

With the massive shift and reliance on digital interactions in every aspect of life, businesses and people need to feel confident that each digital transaction they experience is seamless and secure.

Risks emerge daily, but with built-in controls and standards around cloud with security at its core, we can alleviate these emerging threats. As businesses adjust their technology roadmaps, the need to deliver a frictionless experience is top of mind for many leaders.

Were making a big bet on hybrid cloud during a time of uncertainty so that decision-makers can accelerate their digital transformation securely while pivoting their business where needed.

Hybrid cloud spurs innovation in Canada's most regulated industries - IT World Canada

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Zensar Technologies wins award for Cloud Consultancy/ MSP of the year – Business Standard

Zensar Technologies has been declared a winner in the Cloud Consultancy/MSP of the year in the international Cloud Computing Awards program, The Cloud Awards.

The Cloud Awards is an international program which recognizes and honors industry leaders, innovators and organizational transformation in cloud computing. Zensar's approach to cloud is based on its proven framework called cloud adoption framework (CAF) which is aligned to industry leading cloud providers

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First Published: Fri, April 09 2021. 17:36 IST

Zensar Technologies wins award for Cloud Consultancy/ MSP of the year - Business Standard

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Platform as a Service (PaaS) Market worth $164.3 billion by 2026 – Exclusive Report by MarketsandMarkets – PRNewswire

CHICAGO, April 9, 2021 /PRNewswire/ -- According to a new market research report "Platform as a Service (PaaS) Market by Type (APaaS, IPaaS, DBPaaS), Deployment (Public and Private), Organization Size (Large Enterprises and SMEs), Vertical (Consumer Goods and Retail, BFSI, Manufacturing), and Region - Global Forecast to 2026", published by MarketsandMarkets, the Platform as a ServiceMarket size is expected to grow from USD 56.2 billion in 2020 to USD 164.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period.

Key factors that are expected to drive the growth of the market are the increasing need to reduce time to market and cost of application development and focus on streamlining application management. However, cloud washing hindering the growth of PaaS, and security concerns related to the adoption of public cloud are expected to limit the market growth. Apart from drivers and restraints, there are a few lucrative opportunities for PaaS providers in the market. The rapid development of the mobile app ecosystem and the emergence of video communication PaaS are some of the opportunities for vendors in the PaaS Market. These opportunities are expected to present new market growth prospects for PaaS vendors.

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Application PaaS segment to hold a larger market size during the forecast period

aPaaS is a service that provides deployment and development environments for application services. The aPaaS allows businesses and IT teams to effectively collaborate and deliver new web and mobile applications faster so that organizations can innovate business practices, differentiate within the market, and streamline operational workflows. This cloud service offers numerous benefits, such as smooth integration of applications with other services, hassle-free application management without building and maintaining the infrastructure, and others. These benefits make aPaaS one of the preferred services among a wide range of end users. aPaaS enables rapid application development and delivery. This form provides high productivity and high control. The coding process for PaaS can slow down delivery, but aPaaS brings automation in the application lifecycle and also offers a fast way to build apps.

SMEs segment to grow at the highest CAGR during the forecast period

SMEs are defined as organizations with an employee strength ranging from 1 to 1,000. SMEs have a low marketing budget and often lack the resources and capabilities for effective marketing orchestration. The majority of SMEs are prone to cyberattacks as compared to large enterprises due to the lack of security infrastructure. According to a survey, nearly 43% of cyberattacks occur in small enterprises. Hence, SMEs need robust infrastructure to fight against cyberattacks and avoid data loss and downtime. In comparison with the large enterprises segment, the SMEs segment is facing various challenges in terms of resources. SMEs focus on reducing the overall cost and adopt enhanced infrastructures. They require a flexible payment model for better cost optimization of their business processes.

Consumer goods and retail industry vertical to grow at the highest CAGR during the forecast period

The consumer goods and retail vertical is one of the fastest-growing verticals with respect to the adoption of advanced technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks. The four key areas expected to have positive disruptions in this vertical include sales and marketing, new product and process innovation, manufacturing and supply chain, and forecasting and planning. Retail companies aim at developing new applications that rationalize the existing application portfolios. Advancements in technology have revolutionized the Points of Sale (POS) and of supply, and are expected to create new opportunities and new avenues for revenue and growth.

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North America to account for the highest market share during the forecast period

North America is estimated to hold the largest market size in the global PaaS Market in 2020, and the trend is expected to continue during the forecast period. The need to streamline application development and reduce the time taken to develop applications are expected to drive the North American market. The US is estimated to hold a larger market share in 2020 in the North American PaaS Market, and the trend is expected to continue until 2026. It is a technologically-advanced country, due to the high level of technology awareness and the presence of a large number of CSPs and MSPs. The presence of giant cloud players, such as AWS, Microsoft, Google, and IBM, are headquartered in the US, which contributes to the growth of PaaS in the US.

The PaaS Market comprises major providers, such as AWS (US), Microsoft (US), Alibaba Cloud (China), IBM (US), Salesforce (US), Google (US), Oracle (US), SAP (Germany), Mendix (US), Zoho Corporation (India), Engine Yard (US), Apprenda (US), VMware (US), ServiceNow (US), Plesk (Switzerland), Render (US), CircleCI (US), (US), Cloud 66 (UK), AppHarbor (US), Jelastic (US), (France), Scalingo (France), PythonAnywhere (US), and Blazedpath (US). The study includes an in-depth competitive analysis of key players in the PaaS Market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

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Cloud Computing Marketby Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public and Private), Organization Size, Vertical, and Region - Global Forecast to 2025

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MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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4 fantastic ASX shares with exposure to the cloud computing boom – The Motley Fool Australia

One structural story that still has many chapters left in it is the shift to the cloud.

The good news for investors is that there are a number of ways to gain exposure to it on the Australian share market.

Four ASX shares that look well-positioned to benefit from the cloud computing megatrend are listed below. Heres what you need to know about them:

Among this integrated property companys vast portfolio of assets are data centres. So this could make Goodman an option if youre looking for exposure to the cloud. To date, the company has developed over 400,000 sqm of space and procured 585 MW of dedicated power across multiple regional platforms for a range of hyperscale and co-location data centre partners. Citi currently has a buy rating and $21.00 price target on Goodmans shares.

Macquarie Telecom is a provider of telco and hosting services to corporate and government customers. It is the companys hosting business that is expected to be the key driver of growth for the company over the coming years. In fact, you only need to look at its half year results to see this. For the six months ended 31 December, Macquarie Telecom delivered a 15% increase in EBITDA to $36.4 million. This was driven largely by a 23% increase in hosting EBITDA to $27.3 million. Last month Canaccord Genuity put a buy rating and $68.00 price target on its shares.

Another way to gain exposure to the cloud is with Megaport. It offers scalable bandwidth for public and private cloud connections, metro ethernet, and data centre backhaul. Megaport has networking equipment in hundreds of data centres around the world, which has created a software layer that provides an easy way for users to create and manage network connections. This means that through the Megaport network, users can create and run a global network with or without the need for physical infrastructure. Goldman Sachs currently has a buy rating and $15.55 price target on its shares.

Another company that has been benefiting greatly from the cloud computing boom is NextDC. Thanks to the ever-increasing amount of data being generated by consumers and businesses, demand for capacity in its data centres has been going through the roof. Positively, this week Goldman Sachs has been speaking to industry participants and found that demand remains very strong. In light of this, the broker has added its shares to its conviction buy list and lifted the price target on them to $15.00.

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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