Wipro's future-ready solutions on Oracle cloud infrastructure enables businesses to modernize, improve agility, accelerate business innovation while reducing risk and expenditures
Nowadays, migrating the existing cloud or On-Prem resources to Oracle Cloud Infrastructure has become a need instead of a necessity to gain exponential organizational growth.
Also, many organizations are stepping forward to invest in and moving their resources to the cloud.
Gartner, a Global Research and Advisory Company, with its research, revealed that the Infrastructure as a Service (IaaS) is the fastest-growing market segment, which grew 27.55% in 2019.
Cost and Time SavingsAt times, companies might opine that maintaining an application outside the cloud runs with fewer maintenance costs.
Better SecurityWhen we asked a few customers who migrated to the cloud what makes you switch to the cloud, most of them voted that they are facing security concerns.
Future ReadyOracle is known for its greater reinvesting into their company’s offerings for more incredible innovation and strength of the applications, which is the main reason why they have become the leading choices for all-sized businesses that require reliable and modern working systems.
According to a research report "Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global cloud infrastructure services market size is expected to grow from USD 73.0 billion in 2019 to USD 166.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period.
The key growth factors for the market include governments’ increasing investments in new digital transformation initiatives, such as cloud and analytics; an increased awareness among enterprises about the benefits of cloud and its technologies and Internet of Things (IoT); and business continuity requirements resulting in high demand for cloud storage, disaster recovery, and backup services.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116511247Storage as a service segment to hold the largest market size during the forecast periodEnterprises that lack the budget to implement and maintain their storage infrastructure or hardware generally avail this service.
The public cloud is based on the cloud computing model, which shares resources (such as CPU, servers, and racks) among various businesses depending on its demand.
Public cloud-based solutions require less physical setup and low maintenance, and provides 24/7 accessibility from any time, anywhere.
Due to various benefits of public cloud, such as scalability, reliability, flexibility, utility-style costing, and location independence services, public cloud-based deployments are expected to record a high growth rate.Banking, Financial Services, and Insurance (BFSI) vertical is estimated to have the largest market sizeBFSI companies need to respond to varying market conditions for service variations and different consumer behavior.
The cloud infrastructure services is transforming the BFSI vertical by empowering enterprises with increased speed-to-market.