Oracle has announced that IDC has recognised the momentum and growth of Oracle Cloud.
According to the IDC Public Cloud Services Tracker, Oracle gained the most share out of all Enterprise Applications SaaS vendors in 2016 and 2017 and grew the fastest out of the top PaaS vendors.
“Oracle Cloud is redefining how organisations modernise, innovate and compete,” said Thomas Kurian, President, Product Development, Oracle.
“Regardless of where organisations want to start their cloud journeys, Oracle delivers complete and integrated cloud services that deliver faster innovation and business transformation. We believe that the results from the latest IDC Public Cloud Services Tracker further demonstrate the value Oracle Cloud provides.”
IDC’s Worldwide Semiannual Public Cloud Services Tracker monitors public cloud services with frequent releases of semiannual revenue estimates. It tracks and details individual public cloud services providers’ historical business performance and forecasts market sizes five years into the future — across 53 geographies and up to 80 discrete market segments. In the report, Enterprise Applications SaaS refers to the IDC markets CRM, Enterprise Resource Management (including HCM, Financials, Procurement, Order Management, PPM, EAM), Engineering, SCM, Operations and Manufacturing Applications.
Oracle provides its customers with a unique advantage as it is the only company in the world to deliver a complete cloud portfolio, spanning Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS).