Link up between Microsoft and Oracle in the cloud for and interoperability play is expected to propel the global cloud services market in future timeline.
Global: Microsoft (MSFT) and Oracle (ORCL) announced a partnership that will allow their cloud computing systems to interoperate. The partnership offers single sign-on and allows for the deployment of custom or packaged applications from Microsoft or Oracle to run in respective clouds. Through this deal, they will make their two cloud computing services work together with high-speed links between their data centers, targeting big business users and uniting against cloud computing leader Amazon Web Services. This would start their facilities in the eastern United States and spread to other regions. They will also work together to let joint users log into services from either company with a single user name and get tech support from either company. With this alliance, joint customers can migrate their entire set of existing applications to the cloud without having to re-architect anything, preserving the large investments they have already made.
According to BlueWeave Consulting, Increased automation and agility, the need for delivering enhanced customer experience, and increased cost savings and return on investment will influence the cloud services industry in upcoming years. Cloud computing operates on a similar principle as web-based email clients. It allows users to access all of the features and files of the system without having to keep the bulk of that system on their computers. Cloud computing provides various benefits such as help in improving the cash flow, increases the efficiency and numerous others.
Cloud services are giving advantages like 24 X 7 Availability, offers a flexible facility which could be turned off, up or down as per the circumstances of the user. No huge costs of the hardware in cloud computing, working from anywhere across the globe, provides great security. If any sensitive data has been lost, facilitated central file storage, allows mobile access to corporate data via smartphones and devices, and Automatic Software Updates. Cost-effectiveness of cloud services coupled with a substantial increase in the number of small and medium enterprises will eventually lead the cloud services market in the forecast period.
According to BlueWeave Consulting‘s upcoming report, Titled-“ Global Cloud Services Market by Services (Infrastructure as a service, Platform as a service, Software as a service, Business process as a service, Cloud advertisement and Cloud management and security services), By Type (Public cloud, Private cloud, Hybrid cloud and Community cloud) and By Application(Government, Private organizations, Academics and education and Supply chain management) by Region; Size and Forecast, 2018-2025”- Global Cloud Services Market expected to grow with a significant growth rate during the forecast period 2018-2025 owing to increased automation and agility, need for delivering enhanced customer experience, and increased cost savings and return on investment.
Furthermore, its application to helps in ensuring consumption-based billing, and is witnessing increasing adoption in a number of end-use sectors including government organizations will fuel the global cloud services market.
According to BlueWeave Consulting‘s report, Titled-“ Global Retail Cloud Market, By Solution Software and Services), By Model (SaaS, PaaS and IaaS, By Deployment (Public, Hybrid and Private) By Enterprise Size (Small and Medium & Large); Size, Forecast & Opportunities, 2018-2024”- The global retail cloud market is expected to cross USD 50,000 million by 2024, at a CAGR over 20% during the forecast period 2018-2024 due to Fast pace developments in cloud technologies are allowing low-cost software production, with swift deployment due to the emergence of technologies such as micro services, continuous integration and continuous deployment (CI/CD), and containers. Cloud based business help retailers in supply chain processes. Investment in cloud collaboration platforms helps business in capturing real time order status information, streamline inventories, track product deliverables, and effectively a collection of critical market data from consumers.