With the addition of NetSuite, the company can cover small, mid-sized, and large enterprises. It’s also worth noting that some of the previous vendors mentioned are primarily SaaS vendors. Microsoft Dynamics and Office are two software products likely to be delivered as a service. Sage Intacct produces specialized accounting and financial management software with use cases that span across all industries. The cloud-based platform includes powerful automation tools and AI designed to eliminate causes of revenue leakage, along with accounts payable, compensation management and spend management capabilities. Blackbaud’s cloud-based software solutions serve a variety of sectors in the nonprofit industry, such as foundations, educational institutions and charities.
For our list of 12 Biggest Cloud Providers by Market Share in the World, we list only the market shares of the cloud infrastructure as a service market and not the software as a service market because they are two different markets. OVHcloud offers domain names, web hosting plans, and cloud solutions to more than 1.6 million customers in over 140 countries. In terms of value proposition, OVHcloud operates a low-cost model and generally competes on price.
The growing need for Maximo migration to AWS Cloud
The expansion of cloud operations is significantly contributing to the growth of AI in project management market. Organizations are leveraging artificial intelligence (AI) to manage project data, automate processes, enhance decision-making, and increase efficiency in project development. Notably, the adoption of high-end cloud services has witnessed significant growth in the European Union, indicating the widespread utilization of cloud-based AI for project management. As cloud adoption continues to rise globally, AI in project management is set to be an integral part of business operations. Google Cloud Platform, offered by Google, is a suite of cloud computing services that runs on the same infrastructure that Google uses internally for its end-user products, such as Google Search, Gmail, Google Drive, and YouTube. Alongside a set of management tools, it provides a series of modular cloud services including computing, data storage, data analytics and machine learning.
RunZero helps businesses discover managed and unmanaged assets within their cloud and networks. The company operates an asset inventory and network visibility solution to complete this function. Using the company’s unauthenticated scanner, data is decoded and filtered into device profiles. Businesses can analyze these profiles to improve security, identify network-connected assets and more. The software uses real-time communication methods like video, instant messaging and IoT devices. From call takers to the command center, the company aims to improve situational awareness across call centers.
Top 30 Companies to Watch 2018
Yet, CSPs are not infallible, so hackers can infiltrate their systems and compromise customer data, resulting in reputational damage, losing customers, and lawsuits. The increasing adoption of Big Data, Artificial Intelligence (AI), Machine Learning (ML), and others is expected to drive the market growth. These technologies transform the market landscape, as they assist users in monitoring, analyzing, and visualizing the unprocessed data. For enterprises, Oracle’s cloud efforts will be powered by SaaS and it will be a player in other areas.
The Business Research Company is a market intelligence firm pioneering in company, market, and consumer research. With offices all around the world, TBRC has specialist consultants in a variety of fields, including manufacturing, healthcare, financial services, chemicals, and technology. Including its 5 partner regions, the company offers a total of 26 regions and 70 availability zones. When excluding its partner regions, Tencent Cloud has operations in Mainland China, the United States, Canada, Brazil, Germany, India, Indonesia, Japan, Singapore, South Korea, and Thailand. Cloud computing over a CSP’s infrastructure involves transferring data remotely and accessing it from any computer or device with an internet connection.
Top 10: Chief Data Officers
Cloud service providers build their digital infrastructure around what are known as regions and availability zones. A region is a physical location in the world where a cloud service provider has multiple availability zones. These availability zones consist of one or more isolated data centers, that are housed in separate buildings, each with redundant power, cooling, networking, and fiber-optic connectivity. DigitalOcean delivers its infrastructure and software solutions to over 600,000 customers in more than 185 countries. Uniquely, approximately 70% of DigitalOcean’s revenue derives from outside of the United States. Similar to OVHcloud, DigitalOcean competes on price, often being 50%+ more cost-effective than the largest cloud service providers.
Salesforce is a cloud infrastructure provider that specializes in customer relationship management (CRM) software. Its Service Cloud solution, built on the Salesforce platform, enables users to automate service processes, streamline workflows and find key articles, topics and experts to support customer service agents. Service Cloud enables businesses to improve customer service efficiency across channels both by creating a natural language processing in action single view of a customer’s activity and by the use of tools for field service, web chat, CTI and social customer service. Growing rapidly in recent years, the cloud has become a critical part of the digital infrastructure of many businesses, providing cost-effective and scalable solutions for their computing needs. Technology Magazine looks at the top 10 cloud infrastructure providers globally, based on their market share.
VMware
Through partnership, Airtel India would provide cloud solutions of Vulter to their enterprise customers in the digital space. The offering will include Cloud GPU and fractionalized GPU, Cloud Compute, and Optimized Cloud Compute. Alibaba Group’s cloud computing unit, known as Alibaba Cloud, is the fourth largest cloud service provider globally, the primary cloud vendor in Asia Pacific, and the largest cloud service provider in China. The large enterprises segment accounted for the highest market share of over 50% in 2022. A surge in demand for cloud computing services results from remote working, allowing collaborative teams to access previously centralized data. Variables influencing demand include decreased enhanced teamwork, operating costs, better flexibility, and a shorter time to market.
It also simplifies the creation of complex reports and helps users address compliance requirements. OwnBackup ensures organizations are protected from data loss via a cloud protection platform that backs up key Salesforce and AWS data. The company’s products help defend organizations against the top causes of data loss, including human error, bad code, integration error, migration error and malicious attacks.
What to Look for in a Cloud Computing Company?
On August 3, Synergy Research Group posted the data of the cloud computing enterprise spending for the second quarter of 2023. During Q2 2023, the global enterprise spending on cloud infrastructure services was around $65 billion, up by $10 billion year over year. This marks the third consecutive quarter in which the cloud market spending grew by $10 billion. Cloud computing is one of the largest segments in IT and it continues to grow considering the increasing demand for cloud products and services across industries, institutions, companies, and governments. The US remains a prominent market, with some of the biggest cloud computing companies in the world operating in the region. The current economic circumstances have created a rift in cloud spending, but the market continues to grow at a healthy rate despite short-term market disruptions.
- In 2021, you can expect Google Cloud to continue to expand its footprint with new regions and data centers.
- It’s also widely recognized in the industry of cloud data processing and the SAP/HANA database management system.
- The global cloud computing market is expected to witness a compound annual growth rate of 14.1% from 2023 to 2030 to reach USD 1,554.94 billion by 2030.
- Incorporating various technologies like sensors, AI, ML, big data analytics, and Internet of Things (IoT) would enable cloud service models to significantly benefit manufacturers.
- Workday’s enterprise management cloud brings finance, human resources, planning and analytics tools together in a single suite.
- Moreover, the increasing need for digitalization among businesses and the growing need to deploy enterprise-based computing capabilities are expected to enhance the usage of cloud computing.
Innovations and extensions can be developed quickly by customers and partners accessing our open platform, using exactly the same data model in business services as our own SAP app. We are convinced that the real value driver of intelligent enterprises in the cloud will be the ability to adapt and on new business model holistically end-to-end with one consistent data model. NetApp’s private and public clouds help businesses manage and share data around the globe to achieve cost efficiency and innovation. The company’s many cloud services include ONTAP cloud storage data management and NetApp cloud sync data synchronization.
Shopify’s AI bets, cost controls power return to profit
Last year the company launched its ‘Go Cloud, Go Global’ plans, announcing intentions to cover 170 countries and regions globally. The game plan for ServiceNow is to be a digital transformation engine by connecting systems of records to be a system of action. Oracle is moving its on-prem customers to the cloud and also finding some new audiences.
In 2020, Salesforce expanded its reach with Work.com, a suite to enable workers to head back to the office during the COVID-19 pandemic. Like IBM and Red Hat, Dell Technologies is looking to VMware as the software glue to give it a cloud platform that can span internal and public resources. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS, which launched a second-generation Graviton processor and instances based on it. If successful, the Graviton and the Nitro abstraction layer can be the differentiator for AWS in the cloud wars.
The primary cloud option in China
The hybrid cloud segment is expected to grow at the fastest rate over the forecast period due to SMEs’ increasing use of cloud-based solutions to increase productivity and reduce operational costs. Oracle Cloud Infrastructure (OCI) offers the fastest-growing network of global data centres, with 41 cloud regions available and nine more planned, and more than 100 cloud infrastructure and platform services. Tencent Cloud is one of the leading cloud providers in the world with a focus on helping global enterprises succeed in China. Microsoft CEO Satya Nadella argued that the company’s cloud unit sits in the middle of digital transformation efforts. The Oracle Autonomous Database aims to eliminate complexity, human error and manual management. A provider of enterprise cloud solutions, Salesforce offers a variety of products.
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