Summary List Placement
While the cloud market revolves largely around Amazon, Microsoft, and Google, analyst firm Gartner finds that the fastest growing cloud is actually Oracle.
Gartner recently published its annual “Magic Quadrant report that ranks cloud services like Amazon Web Services, Microsoft, and Google Cloud with categories like “ability to execute” and “completeness of vision.”
Out of all the cloud players, Oracle has accelerated the fastest in terms of its capabilities this past year, says Raj Bala, research director at Gartner, while also showing strong growth in customers adopting its services. On the chart, Oracle is labeled a “niche player” and lags behind leaders like AWS, Microsoft, Google Cloud, and Alibaba Cloud, but it’s well ahead of IBM and Tencent Cloud in terms of its “ability to execute.”
“[Oracle] actually accelerated the fastest,” Bala told Business Insider. “That’s probably one of the biggest surprises of the year.”
The report comes after Oracle scored a major win in landing the runaway videoconferencing success story Zoom as a customer — and now it’s poised to become the “trusted technology partner” to viral video app TikTok in a much-watched deal, too, assuming the controversial deal passes muster at the White House.
Oracle also just reported its quarterly earnings on Thursday, when shares rose as much as 6% after Oracle beat Wall Street’s expectations and reported 2% growth in revenue from this time last year, compared to a decline the previous quarter.
Oracle has also been building out more data center regions around the world, including in the Middle East, where many customers already use Oracle products. It’s also the only major cloud player that has a data center in Saudi Arabia, which has been a challenge for other cloud players to break into due to geopolitical tensions.
Also, unlike its competitors, Oracle delivers all its capabilities in all its regions worldwide, Gartner says.
A turning point for Oracle
While Oracle has largely remained far behind AWS, Microsoft, and Google Cloud in terms of cloud market share, Oracle is making moves to catch up, Bala says.
The turning point came around five years ago, when Oracle came to the realization that the original incarnation of Oracle Cloud Infrastructure wasn’t cutting it for customers and not competitive with giants like AWS and Microsoft, Bala says. After that, Oracle went on a hiring spree in Seattle and snapped up former AWS and Microsoft engineers to build what it calls a new generation of Oracle Cloud Infrastructure.
“They recruited top talent and said to engineers, if you can rebuild AWS knowing what you know now, what would you do?” Bala said. “They got the engineering talent to do things like accelerate the fastest of any of the providers we measured. It can be done. It’s paying off for Oracle both in terms of market share, customer traction, and capabilities.”
On top of that, Oracle has made “significant enhancements” in the past year, Gartner says, allowing it to better help customers move their work onto the cloud or a hybrid cloud, where users …read more
Source:: Businessinsider – Tech