Global Oracle Cloud Application Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Oracle Cloud Application Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

We define the Oracle Cloud Applications Services as only those services associated with the Oracle SaaS products or with Oracle PaaS products being built or supported in conjunction with an Oracle SaaS product. To qualify each project must have an 'anchoring' Oracle SaaS product from at least one of the products / pillars identified in the Oracle Cloud Excellence Implementer program on the Oracle Partner Network website.

Market Overview:

The latest research study on the global Oracle Cloud Application Services market finds that the global Oracle Cloud Application Services market reached a value of USD 27164.0 million in 2022. It’s expected that the market will achieve USD 50999.19 million by 2028, exhibiting a CAGR of 11.07% during the forecast period.

Influence of COVID-19 Outbreak on Oracle Cloud Application Services Industry Development

COVID-19 forces many unprepared enterprises and processes to digitize at a tortuous speed. Internet has become the foundation of successful economic transformation in COVID-19 era. Service integration provides a powerful impetus for the Internet and a large number of services to continue to play their economic and social roles.

When faced with the fear and pain of the COVID-19 epidemic, it is difficult for people to think about certain situations in advance. Business leaders should not only pay attention to how to survive, but also think about how to develop under the background of COVID-19 era, because COVID-19 era is not the past, but a new reality.

COVID-19 has accelerated social and technological changes and exerted influence on other aspects. This change reflects a profound behavior change, which can not be realized even within ten years. The current change is not only a change from digitalization to cloud computing and consumer applications, but also a behavioral change. Some far-sighted enterprises are seizing this unprecedented opportunity, suspending simple growth or implementation, and creating new value and creativity instead. The whole team will be liberated from the original cycle, thinking about new ideas, and making the enterprise more streamlined and flexible. The acceleration of digitalization helps Oracle Cloud Application Services market to enter the accelerated development stage.

Market Drivers

Before the advent of the digital economy era, documents and pictures were made manually and shared in paper form. Therefore, the amount of data generated by enterprises is very small. With the rise of e-mail and word processing technology, the amount of data began to grow rapidly. The digitalization process has been fully kicked off. In order to comply with this trend, the science and technology industries are competing to expand system memory, speed up data processing and create more and more practical and applicable software and hardware solutions. As a result, modern digital enterprises began to rise.

In the digital economy era, data will become a new factor of production together with labor, capital, land, knowledge, technology, management and other factors of production, which are basic resources, strategic resources and important productive forces. Data elements are to manage data as core assets, tap the potential of data elements and drive innovation, mainly including data collection, data integration and sharing, and data application.

From the trend, the digitalization process has penetrated into all walks of life. The development focus of the industrial Internet has shifted from integration to interoperability. After interoperability, the business process change of enterprises will achieve large-scale growth, and business process intelligence will be the next development focus of the industrial Internet.

Intelligent technology will be applied to the continuous optimization of business processes, and its development can be divided into three stages: process automation, process intelligence and process autonomy. At present, it is in the early stage of development, mainly the intelligent technologies related to human-computer interaction, such as voice assistant, natural language recognition, image recognition technology and so on, are applied to process execution, and process automation is realized through RPA technology. In the future, Oracle Cloud Application Services will continue to optimize the process and realize the automation of process definition through the company's KPI business data, and finally realize the process autonomy and maximize the value of intelligent technology.

In the future, enterprises and organizations will further improve the management efficiency and service quality through intelligent management. Nowadays, intelligent business technology can not only automatically run all processes and equipment in the whole enterprise, but also provide powerful analysis and real-time insight at any time, helping organizations to optimize and improve processes in the best way.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Oracle is one of the major players operating in the Oracle Cloud Application Services market, holding a share of 11.27% in 2021.

Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle's software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.

Accenture is a global services and consulting company. Offering strategy, consulting, digital, technology and operations services, it is a Fortune 500 company with offices around the world.

Segmentation Overview:

Among different product types, SaaS Product segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Small Enterprises segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Oracle Cloud Application Services market covered in Chapter 3:

Mastek
Accenture
IBM
IT Convergence
Capgemini
Infosys
Inspirage
Cognizant
Oracle
Tata Consultancy Services (TCS)
Tech Mahindra
Deloitte
PwC
DXC Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Oracle Cloud Application Services market from 2018 to 2029 is primarily split into:

SaaS Product
PaaS Product

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Oracle Cloud Application Services market from 2018 to 2029 covers:

Large Enterprises (1000+Users)
Medium-Sized Enterprise (499-1000 Users)
Small Enterprises (1-499Users)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)