Category Archives: Cloud Computing

Worldwide spending on cloud infrastructure has been on a sharp annual increase for the past decade. Investment in storage, hardware, virtualization and other cloud-enabling resources is expected to hit $74 billionby the end of 2021, and reach at least $110 billion by 2024. Its perhaps the clearest metric yet that cloud computing is not only here to stay but will soon become one of the most viable ways to run a successful organization. If your business doesnt utilize cloud technology, it may as well not exist as far as the competition is concerned. If the necessity of the cloud was ever in doubt, the pandemic laid those doubts to rest.

They say necessity is the mother of invention, and thats certainly true looking back over the past two years. Businesses that were already flirting with cloud computing, exploring technologies like SD-WAN and SASE to optimize the remote working experience, have suddenly found themselves on a fast track to wholesale cloud adoption. According to McKinsey, a significant number of businesses are suffering a kind of technology whiplash after fitting a decades worth of digital transformation into the space of just three months. That kind of rapid innovation is necessary if you want to keep employees connected from their kitchen tables without skipping a beat, and it doesnt look like that innovation is going to slow down any time soon.

Were now two years into the pandemic and while theres certainly light at the end of the tunnel, the immediate future remains shrouded in mystery. In the UK, for instance, where vaccine rollouts have been a relative success, new work-from-home orders have just been announcedas we see out the year, spurring IT teams around the country back into action as they once again facilitate remote working. Is it any wonder that more than a third of businesseshave increased their spend on cloud technology since the beginning of the pandemic?

As we alluded to in the first paragraph, cloud adoption has been growing pretty consistently since around 2012. Businesses around the world were already seeing the benefits of cloud technology; the pandemic merely acted as a catalyst for those that were on the fence. One of the technologies underpinning this rapid shift to the cloud appears to be the use of an internet underlay to facilitate business as usual in a hybrid working world.

Traditional MPLS and WANs that are centralized in big data centers are all well and good when everybody is office-based and sharing the same access points, but their benefits are immediately lost the minute someone decides to log on from home. With a large amount (42%) of staff keen to carry on working from home, and business leaders downsizing their offices to accommodate hybrid working, the challenge is beginning to crystalize. Businesses need a way to offer the same levels of service, security, speed and capacity via the public internet, as they do on their own office-based networks. Thats where SD-WAN, SASE and internet underlay technologies have come to age in a post-pandemic landscape.

Lets reflect on the potential benefits of SD-WAN and SASE. If a business with more than 50 sites worldwide, each operating on multiple MPLS-based networks, is suddenly told that their staff must work from home, they have a problem. The online security environments at the different sites are likely to vary, making processes much harder to shift from one network to the other. Using a basic VPN solution to allow staff to log in from home can also lead to a massive knock in performance as traffic flows between data sources and applications becomes harder to track and define. In other words, the employee experience degrades the minute they switch to remote working, leading to increased frustration and lower productivity.

But what if that wasnt the case? What if security could be standardized across all 50 sites, including employees' homes and other remote work locations? What if traffic flows and app usage could be monitored in real-time, allowing for a more streamlined allocation of resources, regardless of where a team member is logging on from? This is what SD-WAN and SASE deliver, and its likely to be the future of cloud.

Take the art of cloud acceleration, for instance. There was a time when packet loss was seen as a huge problem leading to performance loss, an obstacle to overcome. Cloud acceleration as part of an internet underlay, however, would view this packet loss as nothing more than useful information and turn it to an organizations advantage. Those packet losses can be traced to their sources and remedied while traffic is re-routed - sometimes via less obvious paths - to maintain a seamless user experience.

This real-time optimization of the web experience is likely to be the next generational leap as we move forward into a hybrid working environment. The future might be uncertain, but at least itll be fast, secure and offer employees a consistent experience, whether theyre dialing in from their home broadband or sitting around the boardroom table.

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Future of Cloud: Digital Transformation in a Post-Pandemic World - The Fast Mode

[92 Pages Report] Microserver Market Insights 2022 This report contains market size and forecasts of Microserver in United States, including the following market information:

United States Microserver Market Revenue, 2016-2021, 2022-2027, (USD millions)

United States top five Microserver companies in 2020 (%)

The global Microserver market size is expected to growth from USD 30200 million in 2020 to USD 51350 million by 2027; it is expected to grow at a CAGR of 7.4% during 2021-2027.

The United States Microserver market was valued at USD million in 2020 and is projected to reach USD million by 2027, at a CAGR of % during the forecast period.

The Research has surveyed the Microserver Companies and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

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Leading key players of Microserver Market are

Microserver Market Type Segment Analysis (Market size available for years 2022-2027, Consumption Volume, Average Price, Revenue, Market Share and Trend 2015-2027): Hardware, Software, Service

Regions that are expected to dominate the Microserver market are North America, Europe, Asia-Pacific, South America, Middle East and Africa and others

If you have any question on this report or if you are looking for any specific Segment, Application, Region or any other custom requirements, then Connect with an expert for customization of Report.

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(New Report) Microserver Market In 2022 : The Increasing use in Media Storage, Data Center, Data Analytics, Cloud Computing is driving the growth of...

The cloud computing job market is growing rapidly, but its not keeping pace with global cloud innovation.

Cloud vendors continue to grow their product offerings and expand their engagement with advanced technologies like artificial intelligence (AI) and the Internet of Things (IoT). Cloud users continue to increase their cloud usage or migrate their workloads to the cloud for the first time. In all of these cases, more cloud professionals are needed to manage cloud solutions, but the supply of these skilled workers continues to fall short of the demand.

Whether youre looking to hire a cloud computing professional or get hired for a cloud role, its important to know the conversations that are happening in this market and how expectations for cloud work are changing. Read on to learn about five of the trends experts are seeing in the cloud computing job market today.

Also read: Top Trends in Cloud Computing

As more companies move their legacy applications and infrastructure to the cloud, it becomes crucial to assess and refresh security for the new environment.

Many cloud platforms offer software-as-a-service (SaaS) and third-party security solutions, but companies are increasingly hiring cloud professionals with security skills as well.

Dan Lohrmann, field CISO at Presidio, a cloud infrastructure and security company, said cybersecurity and zero-trust knowledge are fundamental skill sets for cloud candidates to possess.

Cloud architects, specialists, and analysts with experience in cloud security, identity management, and data backups are crucial, Lohrmann said.

Zero-trust edicts in the public sector and desires to move in this zero-trust direction in the private sector are driving a demand for skills to configure various toolsets securely.

Learn more about cloud security: Top Trends in Cloud Security

Cloud professionals are expected to gain additional technical strengths they can bring to the company.

Mattias Andersson, senior community training architect and instructor for A Cloud Guru, a Pluralsight education company, believes additional skill sets in security and data are helpful for a cloud computing professional looking for a secure career path forward.

Because cloud is becoming more integrated into systems, more positions are becoming cloud plus and requiring experience with both cloud and some other part of IT, Andersson said. Some examples include cloud plus development, cloud plus data, cloud plus operations, and cloud plus security.

Software developers who can leverage cloud services without the help of architects or operations teams are particularly valuable. Because cloud services are becoming even more efficient and accessible as they trend toward higher abstractions, any experience with serverless anything is quite valuable.

Andersson explained the value of getting experience with multiple major cloud platforms and experience with setting up and running a multicloud environment.

Companies are looking for people with multicloud skills, if they can find them, Andersson said. Even if theyre not already using multiple clouds right now, many companies are looking toward that multicloud possibility and want to onboard multicloud expertise.

Sometimes, companies have concrete plans around various clouds, but even if multicloud skills are not written into the job posting, multicloud skills are on many hiring managers minds. And they would love to gain an in-house resource they could consult on multicloud ideas theyre considering.

Expand your data knowledge: 10 Top Data Science Certifications

Cloud computing professionals are looking for a company that will help them advance their cloud learning and try new skills.

Paul Haverstock, VP of engineering at Cloudways, a managed cloud hosting platform, explained how some cloud specialists want to hone their skills with a particular cloud platform, while others want to expand their reach into other major platforms. All of them, he said, want the opportunity to continue their learning on the job.

Often developers have in-depth knowledge and understanding of one of the cloud platforms AWS being the most prevalent by far, Haverstock said. Many developers who have developed expertise in a given cloud platform want to continue to work in that environment. They want to maintain and increase their investment in the platform they know best. as this increases their value in the market.

A smaller percentage of developers want to branch out from the platform they know the best to learn another.

In all cases, candidates want the chance to learn more and take advantage of training to increase their cloud computing expertise. They want to learn and use the latest services, so their pace of learning and experience matches the pace of innovation of cloud services.

Leon Godwin, principal cloud evangelist at Sungard AS, a digital transformation and infrastructure company, explained why cloud employees are most drawn to companies that give them hands-on opportunities to lead and learn through projects that contribute to the business.

Cloud talent knows the supply and demand paradigm that exists in the marketplace, Godwin said. This enables them to be more selective.

Salary is always going to be a key driver, but beyond that, talent is looking for organizations where they can make a meaningful contribution, while also growing their career. This requires giving them both authority and responsibilities.

Empowering your talent is the foundational building block of a cloud culture. Additionally, they are looking for their contribution to be valued and for their voice to be both sought and heard.

Also read: 5 Cloud Networking Trends

Especially because cloud specialists are in such short supply, those with in-depth cloud knowledge are expected to share cloud products, progress, and needs with a wider business audience.

Knowing how the cloud works and explaining it to others are two different skill sets, but candidates who can do both will have the biggest opportunities for career growth.

Godwin from Sungard AS believes the right mixture of skilled cloud expertise and wider administrative and sales proficiency in cloud talent is the key to getting hired for top-level cloud positions.

Delivering and managing cloud outcomes requires an understanding of the target platforms, systems administration, and infrastructure as code, Godwin said.

Experience is a significant advantage. However, this specific mix of skills is hard to come by, as third-line people may have the administration skills but often lack coding or platform knowledge. Likewise, people with a programming background often lack an understanding of systems administration or the nuances of a cloud platform. Modern cloud talent should have a deep breadth of knowledge and should be comfortable liaising with customers and communicating complex challenges in easily understandable terms.

Learn more about the greater cloud market: Cloud Computing Market

Cloud infrastructure already makes it possible for companies and their workforces to be more globally distributed, and more companies are expanding their cloud recruiting efforts to new global markets.

Amitabh Sinha, CEO of Workspot, an enterprise SaaS and desktop cloud platform, said companies are looking in new places for full-time and contract talent to fill cloud team gaps.

To address the talent scarcity, many are extending their hiring searches to a global scale, creating global collaboration platforms and augmenting teams with contract resources, Sinha said.

As the phenomenon continues, we can expect to see more global collaboration, with companies increasingly hiring talent from South America and Eastern Europe, for example.

Read next: Top 50 Companies Hiring for Cloud Computing Roles

Read more:

Trends in the Cloud Computing Job Market 2022 - Datamation

The momentum for cloud computing adoption continued to intensify in 2021 as more organizations turned to cloud providers, solution providers and SaaS companies to help them navigate a second year of the coronavirus pandemic.

Citing a golden age for the technology sector, Wedbush Securities called the growth prospects around cloudand cybersecurity unparalleled to any period since it started covering technology stocks in 2000. It forecasts $1 trillion of cloud spending in the coming years with huge investments also focused on big data analytics, cybersecurity, artificial intelligence and 5G.

Customers have been moving past lift-and-shift migrations from on-premises to the cloud simply to keep their organizations running. A wave of enterprise digital transformation spending fueled double-digit revenue growth for cloud leaders Amazon Web Services, Microsoft Azure and Google Cloud and a host of other providers. Theyre building what Microsoft CEO Satya Nadella refers to as tech intensity by leveraging the latest cloud technologies to innovate. Theyre also using more cloud-based collaboration and productivity tools for their hybrid workforces including Microsoft 365 and its mega-popular Teams and Google Workspaceto prepare for what those workforces and their offices will look like in a post-pandemic world.

CRNs Cloud 100 list recognizes the coolest cloud computing companies in cloud infrastructure, monitoring and management, security, software and storage, highlighting 20 in each category.

Joining AWS, Microsoft and Google Cloud on the cloud infrastructure list are familiar legacy tech names making cloud plays such as Dell, IBM and Oracle, a startup offering cloud-native infrastructure services powered by Kubernetes and a division of telecommunications provider Verizon.

CRNs selections for cloud monitoring and management include a cloud-native logging and security analytics company, the creator of a software delivery platform that uses AI to simplify DevOps processes, and the provider of a SaaS platform for modern commerce.

Cloud security companies making the Cloud 100 this year help address customers needs as the type and number of cybersecurity attacks continue to escalate. Cloud companies and their partners and customers last year were plagued by cybersecurity vulnerabilities, threats and attacks, including the ongoing damage stemming from the attack on the SolarWinds Orion network monitoring platform; ransomware attacks against technology supplier Kaseya and IT consulting giant Accenture, among others; the compromise of Microsoft Exchange on-premises servers; and the discovery of critical vulnerabilities in the Java logging utility Apache Log4j to end the year. Those challenges came as regulatory and other compliance requirements also increased. New entrants on the Cloud 100 for security include iboss, a zero-trust cloud security provider that uses a containerized cloud architecture, and Illumio, which specializes in zero-trust segmentation.

Cloud providers have been ramping up their partner programs with independent software vendors whose technology offerings integrate with their platforms and are sold through their online marketplaces. The Cloud 100 software list runs from Adobe to Zoho, with new entrants ranging from a data observability pipeline company to the provider of an open-source, distributed SQL database for building cloud-native applications.

The coolest cloud storage companies, meanwhile, demonstrate the breadth of technologies in the evolving sector, from legacy storage hardware vendors NetApp and Pure Storage to a storageless data startup that developed a global file system technology that delivers software-defined storage services for data on any infrastructure or cloud.

The 20 Coolest Cloud Security Companies Of The 2022 Cloud 100

Heres a look at 20 cloud security vendors that have taken on todays wide-ranging management, segmentation, compliance and governance challenges.

The 20 Coolest Cloud Infrastructure Companies Of The 2022 Cloud 100

These 20 companies worked to meet new demand from a world that not only adapted the cloud to survive the pandemic, but now expects it as how we do business

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The 100 Coolest Cloud Computing Companies Of 2022 - CRN

The initiative will collect data from independent systems, all of which have management interfaces that use standard web technologies and will publish to a publish-subscribe bus thats streamed into a data lake.

That architecture allows you to do things like put rules engines or artificial intelligence at the bus level without having to worry about integration with hundreds of pieces that make up a smart city, Santos says.

RELATED:How will 5G networks enhance smart city solutions?

Across the country, in Oregon, the city of Portland is also embarking on a data lake initiative aimed at integrating and presenting data in a way that city analysts can use to better understand the problems theyre trying to solve and evaluate their solutions.

The initiative has its roots in a 2018 pilot project in which Portland partnered with AT&T to install Intel-powered General Electric sensors on streetlights along three city corridors. The goal was to advance the citys Vision Zero program to eliminate traffic deaths and serious injuries on its streets.

City officials decided not to continue with the pilot, but they did want to make use of the 18 months worth of data collected. We had 200 sensors generating data every 15 seconds, says Portland Smart City PDX Manager Kevin Martin. Its got to go someplace.

The citys existing data systems cant manage that volume or structure of data, so it recently launched a three-year cloud-based data lake initiative, with plans to expand it to meet ongoing, real-time mobility data needs.

The data streams from the citys traffic signals are being upgraded to generate additional data. In the past, they were utilized solely by traffic engineers in the operational context of the signals. Theyve been walled off, Martin says, but they could inform conversations among planners about the safety of pedestrians.

Thats the kind of integration and breaking down of data silos that is going to allow folks to have more information at their fingertips about whats actually happening at these places where were experiencing safety issues, Martin says.

DIVE DEEPER: How can smart mobility tech meet citizens needs?

The RTA Metrics and Statistics platform, which runs on Amazon Web Services, measures everything from ridership and citizens comfort returning to public transportation to statistical data about engines, cars and other assets to inform purchasing decisions.

We can use those metrics to help improve ridership among our service boards, says George W. Coleman Jr., the RTAs IT director.

The modernization project got its start in 2019, when the agency launched a down-to-the-studs remodel of the 15th floor of its Chicago headquarters. In addition to accommodating remote workers during construction and giving all employees a work-from-home option in the future the infrastructure upgrade provided an opportunity to move many systems to the cloud and offload the responsibility of hosting, managing and administering the RTAs legacy system.

Moving to the cloud offers government agencies the resiliency and the capabilities that theyre looking for without the headaches, Tumbali says.

The RTA upgraded its network with Cisco Firepower 2130 firewalls, Meraki switches, Windows 2019 virtual domain controllers and NetApp network storage prior to adopting Webex.

Now that weve got many of our systems moved to the cloud, weve seen much higher levels of reliability and functionality, Coleman says.

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Cities Adopt Cloud Computing and IoT for Smarter Transportation - StateTech Magazine

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Citrix, a cloud computing and virtualization company used by companies including Microsoft, Google, and SAP, has revealed plans to be acquired by affiliates of global investment firm Vista Equity Partners, and an affiliate of Elliott Investment Management called Evergreen Coast Capital Corporation.

The all-cash deal is valued at $16.5 billion, representing a near 30 percent premium on Citrixs market capitalization before rumors of a possible deal first started to emerge last month.

Founded in 1989, Citrix was originally known for its Windows-based remote access products, but over the past few decades the company has endeavored to move with the times, and now offers myriad technologies spanning cloud computing, servers, networking, and more. One of its flagship products is Citrix Workspace, a virtualization platform that helps enterprises deploy apps and desktops remotely, including securing all the devices that connect to a network.

Put simply, Citrix Workspace is well-positioned to flourish in a world that has had to rapidly embrace remote and hybrid working.

Over the past three decades, Citrix has established itself as the clear leader in secure hybrid work, Citrixs interim CEO and president Bob Calderoni said in a statement.

Workspace has been a core focus for Citrix as it evolves in an increasingly cloud-first world. Last year, Citrix doled out more than $2 billion for project management platform Wrike, so that Citrix could offer cloud-based collaborative work management smarts to its thousands of enterprise customers. This has also led Vista and Evergreen to Citrixs door with loads of cash in hand.

Vista and Evergreen have indicated that they plan to combine Citrix with Tibco Software, a business intelligence and enterprise data management company that Vista acquired back in 2014, to create what they call a global digital workspace and data analytics leader.

Together with Tibco, we will be able to operate with greater scale and provide a larger customer base with a broader range of solutions to accelerate their digital transformations and enable them to deliver the future of hybrid work, Calderoni said.

But perhaps more important than that, Citrix will no longer be a publicly-traded company, which could afford it greater agility as it recalibrates for the future of work.

As a private company, we will have increased financial and strategic flexibility to invest in high-growth opportunities, such as DaaS (desktop-as-service), and accelerate its ongoing cloud transition, Calderoni added.

The deal should it receive shareholder and regulatory approval is expected to close by the middle of 2022.

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Cloud computing and virtualization company Citrix to be acquired for $16.5B - VentureBeat

DUBLIN, January 31, 2022--(BUSINESS WIRE)--The "Healthcare Cloud Computing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The healthcare cloud computing market was valued at USD 23,749.33 million in 2020, and it is expected to reach USD 52,303.35 million by 2026, registering a CAGR of 14.12% during the forecast period of 2021-2026.

The COVID-19 pandemic is expected to have an overall positive effect on the market. There is now an increasing understanding of the potential of cloud technologies, which provide data storage and computing resources that are managed by external service providers to help improve the safety, quality, and efficiency of healthcare. This has become important in the fight against COVID-19.

Due to the huge number of research work and clinical trials being carried out across the world, the research data being generated needs to be stored in a secure environment that can house large amounts of data. Cloud computing solves the problem of both space constraints and security as it allows the hosting of huge amounts of data on private dedicated cloud channels.

A major benefit of cloud-based services to organizations and companies during the COVID-19 pandemic is that they allow faster implementation and upscaling across a range of different settings. They do not require companies to procure additional hardware (such as servers needed for on-premises solutions) and they can be implemented remotely. For example, in March 2020, an AI-enabled auxiliary diagnostic system was offered by Huawei Cloud, the cloud computing unit of Huawei, and artificial intelligence company Huiying Medical Technology Co. Ltd to hospitals in Ecuador remotely.

The major factors that are bolstering the growth of the healthcare cloud computing market include the increasing access to advanced technology, such as machine learning, the rise in adoption of information technology in the healthcare sector, and usage of cloud for reducing cost and improving scalability, storage, and flexibility. Cloud computing involves the use of remote servers that are hosted on the internet to manage, store, and process data.

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A local server is not used in cloud computing, due to which infrastructure costs are reduced significantly. In addition to one-time set-up cost, maintenance cost is also lesser in the case of a cloud-based architecture. The benefits of cloud computing were felt during the COVID-19 pandemic when there was a shortage of healthcare workers, mass lockdowns, and a lack of coordination between healthcare services.

For example, in May 2020, the Oklahoma State Department of Health launched a mobile app that allows healthcare workers to engage remotely with at-risk citizens who may have been exposed to the COVID-19 virus. The app, which was jointly created by Google and MTX Group, uses the Google Cloud to enable the state to quickly contact citizens who report COVID-19 symptoms and send them to testing sites. Agencies were also using cloud-based data dashboards to provide real-time analytics and data visualizations to track and control the spread of the virus.

In the last week of March 2020, the Australian Government's Department of Health launched its Coronavirus Australia App. Built on the Google Cloud, the app can offer real-time information and advice about lockdowns, the spread patterns, and healthcare information pertaining to the COVID-19 pandemic. These developments are expected to positively affect market growth.

Key Market Trends

The Electronic Health Record (EHR) Segment is Expected to Hold the Largest Market Share During the Forecast Period

The COVID-19 pandemic is expected to have a positive impact on the market for EHR. According to an article appearing in the Journal of the American Medical Informatics Association (JAMIA) in November 2020, the development, implementation, and evaluation of EHR-based data sharing networks and platforms and public health information systems are required in the fight against COVID-19.

Since EHR systems can be multi-disciplinary, they can be utilized to collect and analyze data from public health departments, healthcare organizations, and socioeconomic indicators. This can be of immense importance while preparing to roll out programs designed to tackle COVID-19.

According to the Center for Medicare and Medicaid Services (CMS), EHR refers to an electronic version of patient health information that includes vital signs, patient demographics, progress notes, problems, past medical history, medications, laboratory data, immunizations, and radiology reports. Lack of interoperability prevented the sharing of this data. However, as companies are currently working to develop more patient-friendly interoperable devices, the situation is now changing. Complex healthcare systems require diverse EHR products so that information may be shared seamlessly.

By enabling better workflows and reducing ambiguity, interoperable EHR allows data transfer between EHR systems and healthcare stakeholders much more easily. Thus, due to the factors mentioned above, the market is expected to witness a high growth rate over the forecast period.

North America Accounted for the Largest Share in the Market

North America holds a significant share in the healthcare cloud computing market and is expected to show a similar trend over the forecast period. The United States is a leader in the healthcare cloud computing market, mainly due to the high adoption rate of healthcare IT services and the continuous financial and regulatory support from government agencies. The implementation of the Health Information Technology for Economic and Clinical Health Act (HITECH Act) stimulated the adoption of EHR and supporting technologies across the country.

According to the Act's provisions, healthcare providers would be offered financial incentives for demonstrating meaningful use of EHRs until a certain period of time, after which, time penalties may be levied for failing to explain such use. Cloud-based services are helpful for all stakeholders. Most healthcare institutions neither have the time nor resources to devote attention to cybersecurity that an established cloud provider may have. Moreover, established cloud providers rarely allow the leakage of data. According to a recent HIMSS Analytics Survey in 2018 in the United States, over 83% of healthcare organizations said that they already use cloud services.

The survey also stated that the United States Department of Health and Human Services listed 412 data breaches that were under investigation in 2018. The huge number of data breaches calls for more robust implementation of cloud technology in the healthcare sector to improve security. Thus, owing to all the aforementioned factors, the market is expected to witness high growth over the forecast period.

Competitive Landscape

The healthcare cloud computing market is a moderately consolidated market, owing to the presence of a few key players in the market. The companies are applying powerful competitive strategies to gain more market share. Some of the market players are Amazon Web Services, Dell Inc., IBM Corporation, Oracle Corporation, and Koninklijke Philips NV.

The companies are involved in various strategies such as new product launches and investments in R&D activities to sustain in the highly competitive environment. For example, in November 2020, Microsoft launched the Microsoft Cloud for Healthcare suite to boost patient engagement, health team collaborations, and improve clinical and operational insights.

Companies Mentioned

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Rise in Adoption of Information Technology in the Healthcare Sector

4.2.2 Access to Advance Technology, Such as Machine Learning, is Easier in Cloud System

4.2.3 Usage of Cloud Reduces Cost and Improves Scalability, Storage, and Flexibility

4.3 Market Restraints

4.3.1 Data Security and Integrity Issues

4.3.2 Lack of Interoperability and Industry Standards

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Application

5.2 By Deployment

5.3 By Service

5.4 By End User

5.4.1 Healthcare Providers

5.4.2 Healthcare Payers

5.5 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/jndngd

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005627/en/

Contacts

ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com

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The Global Healthcare Cloud Computing Market is Projected to Reach $52,303.35 Million by 2026, at a CAGR of 14.12% - ResearchAndMarkets.com - Yahoo...

From the first gold rush onwards, canny operators have recognized that the safest way to make your fortune is to sell picks and shovels. If youre providing the tools for those hoping to strike paydirt, youll make money whether or not they hit the jackpot its low risk, but still high return.

Germanys Northern Data is one company that is very much applying that principle in a modern setting and it has an eye on a bigger prize. Today, the company is best-known as one of Europes leading providers of the high-performance computing infrastructure required for cryptocurrency mining, the 21st centurys gold rush. In the future, it looks forward to a gradual pivot the quality of that infrastructure gives it an opportunity to take on the likes of Amazon, Microsoft and Google in the cloud computing market, the company believes. Think of that as supplying the picks and shovels required for the cloud-driven economy.

Northern Data is going to be the leading cloud computing group in Europe, predicts Northern Data President Christopher Yoshida, who joined the company last July following an extended career in corporate finance and advisory roles at a number of fast-growth technology companies. It is what got me excited about the company.

Yoshida credits the market opportunity now open to Northern Data to the long-term vision of Aroosh Thillainathan, who founded the company three years ago and now serves as its CEO. It is easy to forget this now that we have global supply shortages, but in March 2020, at the beginning of the pandemic, there was a real surplus in the semiconductor market, Yoshida says, recalling how semiconductor manufacturers customers feared the worst amid the crisis and pulled their orders. Aroosh had the vision to take that opportunity to secure the hardware that has transformed our company.

Two years later, while countless industries are at each others' throats to source the chips they need, Northern Data finds itself in a strong position. We have the most up-to-date kit, Yoshida says. Weve got more computing power and were producing it at less expense.

The company has also made another strategic bet. Strong sustainability is going to be an increasingly important competitive advantage, argues Yoshida. In a world where there is growing concern about the carbon footprint of powerful computers set to the task of cryptocurrency mining and the broader environmental impact of huge data centres and technology infrastructure the worlds biggest technology companies have become some of the biggest buyers of carbon offsets, he points out.

Northern Data, by contrast, has invested heavily in sustainable infrastructure. In particular, its Hydro66 facility in Sweden powers cloud computing entirely from renewable energy. The companys latest trading update reveals that its ether cryptocurrency mining efforts are now powered almost exclusively from renewable energy. It is a huge advantage, says Yoshida.

Northern Data President Christopher Yoshida

All of which puts Northern Data in an enviable position. Its cryptocurrency mining work continues to throw off cash; this provides the business with all the revenues it needs to go on investing in a long-term future that lies in a bigger market.

Its like the tortoise and the hare, Yoshida says of the companys dual ambitions in cloud computing and cryptocurrency. The latter may be wining the race right now, but the former is going to take all the prizes in the end. The sheer scale of demand for cloud computing capacity in Europe and beyond is an incredible prospect for those in a position to supply it. And Northern Data expects to be one of the cheapest and greenest suppliers out there.

The cloud market is today dominated by Amazons Web Services division, Microsofts Azure and Googles Cloud platform. Yoshida doesnt expect Northern Data to go toe-to-toe with these giants, but he does see a huge opportunity as businesses all over the world look to add extra capacity, or to source cloud power for specific purposes on demand. This is a market that it going to grow at 30% a year for the foreseeable future, he says. And with none of the legacy technology that the incumbent cloud providers are now saddled with, Northern Data can grab a healthy share.

As Northern Data capitalises on that growth, it will evolve naturally over time the tortoise will eventually overtake the hare. Amazon, after all, started out as purely an online retailer, before evolving to a stage where cloud is today almost at a point of being its biggest source of revenues. Northern Data may get to that point more quickly, Yoshida believes, though he adds: Our core business of mining is certainly not going away.

Such progress will prompt questions about the status of the business. Northern Data already has a stock market listing in Germany, but for a company with aspirations to become a global technology leader, a Nasdaq listing might make more sense. Its a good North Star to think about, but were focused on building the business stage by stage, Yoshida says.

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Northern Data Bets On Crypto To Bankroll Its Cloud Ambitions - Forbes

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The United States has the most advanced software and IT services industry in the world. In addition, more than 34% of the $5.2 trillion global IT market is in North America, primarily the U.S. U.S. software firms generally operate in a mature, harmonized market and have a reputation for producing reliable and effective solutions that are adopted quickly by the market. International companies and top international talent have shown a keen interest in the U.S. market because of its strong intellectual property rights laws and enforcement, as well as to access one of the leading financial markets. U.S. companies lead the world's packaged and custom-software markets and are competitive in nearly all other market segments with a stable overseas market share.

CompTIA - IT Industry Outlook

Cloud computing, in particular, is one of the areas of focus given the segment's high growth potential. According to Business Wire, the global cloud computing market is expected to grow from $445.3 billion in 2021 to $947.3 billion by 2026, at a compound annual growth rate of 16.3%, which is much higher than the forecasted US GDP growth rate over the same period. Some of the growth catalysts include the inclination of enterprises toward automation, the need for enhanced customer experience, and the surging demand for remote workspaces. In this article, I will be reviewing the First Trust Cloud Computing ETF (NYSEARCA:SKYY) which invests in a basket of cloud computing companies.

The First Trust Cloud Computing ETF tracks the performance of the ISE CTA Cloud Computing Index. The index is a modified equal-weighted index designed to track the performance of companies involved in the cloud computing industry. To be included in the index, a security must be classified as a Cloud Computing company by the Consumer Technology Association (CTA) and meet the following criteria:

Each security is then classified according to the following three business categories:

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From the industry allocation chart below, we can see the index places a high weight on the software industry (representing around 48% of the index) followed by IT services (accounting for 22% of the index) and Technology Hardware, Storage & Peripherals (representing around 7.5% of the fund). The largest three industries have a combined allocation of approximately 78%.

First Trust

In terms of geographical allocation, the top seven countries represent approximately 99.9% of the portfolio. The United States accounts for 87.57% whereas other countries such as the Netherlands seem to be underrepresented given the low weight (only a 0.36% allocation to the Netherlands).

First Trust

The fund is currently invested in 67 different stocks. The top ten holdings account for ~37% of the portfolio, with no single stock weighting more than 5%. All in all, I would say that SKYY is pretty well-diversified across constituents.

First Trust

Since we are dealing with equities, one important characteristic is the valuation of the portfolio. According to First Trust, the fund currently trades at an average price-to-book ratio of 5.62 and an average price-to-sales ratio of 4.06. Although these multiples might seem high, keep in mind we are dealing with software companies that generally have an asset-light business model. For this reason, I am not surprised to see that SKYY has a price to book ratio above 5. If we turn to the price-to-sales multiples, I wouldn't say it is egregiously expensive. For instance, Microsoft Corp. (NASDAQ:MSFT) is currently trading at more than 12x TTM revenue.

SKYY has a distribution rate of ~1%. Given the low dividend yield, this ETF is not suitable for the dividend investor. However, if you are looking for capital appreciation, SKYY offers you a way to potentially outperform the S&P 500. I have compared below the price performance of SKYY against the price performance of the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) and the Invesco QQQ ETF (NYSEARCA:QQQ) over 5 years to assess which one was a better investment. Over that period, SKYY outperformed SPY. Compared to the S&P 500, SKYY rose by more than 48 percentage points. To put it into perspective, a $100 investment in SKYY five years ago would now be worth $236.54. This represents a CAGR of ~19%, which is a very good absolute return. However, it is worth noting that SKYY failed to outperform QQQ over that period, although SKYY was leading up until late 2021.

Refinitiv Eikon

If we take a step back and look at the performance from a 10-year perspective, the results don't change much. QQQ finished once again on top, and SKYY clearly outperformed the S&P 500.

Refinitiv Eikon

In my opinion, the Tech sector, and particularly cloud computing, is going to continue on a strong growth trajectory. I think that SKYY is a great tool to get exposure to this megatrend. This ETF is a cost-effective way to buy a basket of leaders in this field. Moreover, I like the fact that SKYY is well diversified across constituents, with no single issuer weighing more than 5% of the portfolio. In my opinion, the recent pullback provides an entry point, and if SKYY goes lower, it is an opportunity to accumulate at lower prices and build a position around it.

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SKYY: Betting On The Future Of Cloud Computing - Seeking Alpha

PaaS is a cloud computing model where a third-party provider delivers hardware and software tools to users over the internet. As such, PaaS enables developers to develop or run new applications without having to install in-house hardware and software.

PaaS got its start with a service called Zimki, launched out of Canon's Europe-based Fotango in 2005. It removed some of the repetitive tasks from development of JavaScript web apps in a pay-as-you-go model, said Scott Cameron, senior architect at Insight, an IT provider in Temple, Ariz. In 2007, Zimki stopped running because Fotango didn't want to focus on it any longer.

When Google Cloud Platform was introduced in 2008, it launched App Engine, a PaaS system that was originally limited to 10,000 developers, according to Cameron. App Engine let customers run their web apps on Google infrastructure, and it's still around today.

"PaaS offerings began finding wide-scale use a little over a decade ago, shortly after the emergence of infrastructure as a service," said Tim Potter, principal of Deloitte Consulting.

Initial PaaS offerings focused on web application development with a marketplace focus on startups or small firms. Over time, the market has evolved in two dimensions: the breadth of PaaS use cases and the providers. Today, PaaS offerings -- or more aptly, managed offerings -- extend beyond compute to include databases, machine learning (ML), security, operations and network offerings, Potter said.

"Increasingly, we are seeing [IaaS] providers, i.e., public cloud service providers, move 'up the stack' to offer PaaS services that reduce the administration burden on engineers building solutions on their core infrastructure services," Potter said. "Similarly, SaaS providers move 'down the stack' to provide their customers the ability to create custom solutions that integrate tightly with their core software systems."

IaaS, PaaS and SaaS are unique cloud computing offering categories with their own use cases, Potter said.

IaaS delivers core infrastructure services, e.g., networks, compute and storage. PaaS delivers platform tools for application or service development, he said. PaaS is built on top of core infrastructure services. SaaS delivers complete applications that serve specific business needs, typically with options that enable configuration and slight customization.

"Each category provides a different level of technical flexibility and accompanying operational complexity," Potter said. "PaaS is significantly less complex than IaaS to manage. The reduction in complexity comes at the cost of flexibility -- engineers are bound by the scope of services offered by the PaaS platform. Conversely, PaaS services offer greater flexibility than SaaS solutions, but at the cost of added operational complexity. Pizza is often used as an analogy for describing IaaS-PaaS-SaaS differences. IaaS is likened to take and bake, PaaS to pizza delivery and SaaS to dining out."

At the most general level, PaaS is a set of development services aligned with a public cloud provider and/or a multi-cloud container development platform, said Lee Sustar, an analyst at Forrester Research. This has evolved as cloud providers have woven managed services throughout their IaaS and PaaS. Today, it's more appropriate to group PaaS as part of cloud development services that typically include database services, big data, AI/ML and IoT.

IaaS gives the customer the most control, flexibility and availability on the cloud, said Michael Gibbs, CEO of Go Cloud Architects, an educational organization focused on cloud computing technologies and based in Port St. Lucie, Fla. IaaS is effectively using the cloud as a virtual rented data center.

"IaaS may cost more than PaaS," Gibbs said. "And IaaS does require more management overhead than PaaS, and it requires more sophisticated personnel."

IaaS, SaaS and PaaS are all about reducing the complexity of information technology, Cameron said.

"In information technology, you have a lot of overhead in managing physical and virtual infrastructure," he said. "You have hardware and software refreshes, and licensing, and patching, and administration. All of those are very manual-intensive and create regular or ongoing challenges for IT departments."

IaaS organizations reduce the complexity of managing the compute and storage of physical infrastructure for servers -- they can create VMs without worrying about the underlying infrastructure as long as there is sufficient capacity allocated to the system, according to Cameron.

"Someone still needs to manage everything -- physical hardware, virtual and the servers -- but you can start to separate those roles out easier and outsource to a cloud vendor if you like," he said.

SaaS reduces the complexity even more than with IaaS -- divorcing a company's consumption of IT from the underlying platform almost entirely, Cameron said. All the company has to worry about is bringing its data to the system or interacting with an application. The physical and virtual bits below the application simply aren't relevant to the organization and are included in the cost of the service.

"[One] concern with SaaS is that you have no control of the application," Gibbs said. "If the SaaS provider does not have a high availability strategy and the SaaS provider has an outage, all their customers will lose service."

In addition, SaaS applications often have less flexibility than custom-delivered applications on either IaaS or PaaS, according to Gibbs.

PaaS fills a gap between IaaS and SaaS, Cameron said. It was born out of a frustration with managing increasingly complex IT infrastructure.

"We needed to give IT consumers the ability to use pre-configured services to build more complex applications without understanding or having to manage the underlying infrastructure," he said. "This allowed us to rapidly create and deploy applications comprised of building blocks and helps to remove the latency of engaging the information technology organization from bringing that value to customers -- internal or external."

With PaaS, environments scale as needed, Gibbs said. PaaS environments can also be more agile, enabling faster deployment and development of new applications. PaaS enables organizations to reduce overhead because the cloud provider performs much of the management.

PaaS is the cloud computing technology of choice for developers, said Tony DiGiorgio, chief architect at Symplr, a provider of healthcare governance, risk management and compliance tools.

"It is a technology framework or environment that provides a space for developers to build applications without worrying about the infrastructure underneath," he said.

Organizations that use PaaS vendors can stay focused on designing and building new capabilities and features into their products, and ultimately deliver those products to their clients faster, DiGiorgio said. Companies that use PaaS services don't have to worry about the underlying management around updating servers, patching OSes and other maintenance tasks required to maintain digital environments.

An example of a PaaS offering is AWS Elastic Beanstalk, which helps developers deploy apps on the AWS cloud. Other PaaS providers include Salesforce, Alibaba Cloud, Oracle, SAP, VMware and Microsoft Azure. The IBM Cloud platform combines PaaS with IaaS to provide an integrated experience.

PaaS offerings give developers the ability to build their applications more quickly by offering pre-built solutions to many of the common problems that developers encounter, said Mohammad Hashemi, co-founder of Gadget, a developer productivity company in Ottawa. They also greatly decrease the cost and effort associated with scaling applications because the platform handles much of that.

In addition, PaaS delivers a framework that developers can use to create customized applications.

Another benefit of PaaS is that the responsibility for continuity of the service doesn't fall entirely on an organization's shoulders, said Pavel Kuznetsov, deputy managing director of cybersecurity technologies at Positive Technologies in Framingham, Mass.

"For enterprises that contribute to the service with their own code and tools, they share this responsibility with the PaaS provider, and for organizations that don't contribute their own code or tools, the responsibility falls entirely on the PaaS provider, which is even better," Kuznetsov said. "Organizations also don't need to hire support for the service anymore."

The challenge is taking advantage of native cloud services while mitigating the risk of lock-in to the platform or its underlying infrastructure, which is a growing concern as multi-cloud strategies are adopted by enterprises and large governmental organizations, according to Sustar.

Gibbs said that the challenges of PaaS include the following:

"The global pandemic has been an accelerator event, driving organizations to bring forward and collapse multiyear programs into shorter time frames to address the demands of new flexible ways of working," said John Rostern, senior vice president and global lead of cloud and infrastructure security services at NCC Group, a consultancy based in Manchester, England.

PaaS enables organizations to get to production faster and easier, he said. Business demands to get to value sooner are driving the practicality of putting PaaS at the end of the CI/CD pipeline, an evolution supported by the development community that has always preferred to focus on code rather than building and maintaining infrastructure.

"The flip side to this is the age-old skills gap, with cloud skills already in high demand being compounded by adding developer PaaS talent to the priority list," Rostern said.

As in most every industry, COVID-19 will have a major effect in the overall spend growth on the PaaS market over the next five to 10 years, according to DiGiorgio.

"Because businesses were forced to adopt and work differently, they needed technology that provided more nimble options for developers -- hence the pandemic resulted in a more pervasive adoption of PaaS technology," he said.

PaaS has evolved a lot in the last few years and is blending with IaaS, said Becky Trevino, vice president of product marketing at Snow Software in Stockholm. PaaS consumption is increasing as the traditional IaaS consumers have matured and are more comfortable putting services in the cloud, whether it's IaaS or PaaS. COVID-19 has also affected PaaS market growth by accelerating this blending of PaaS and IaaS.

"Because organizations were forced to adopt the cloud and accelerate their digital transformation, these organizations began examining how they could offload other tasks," Trevino said.

COVID-19 certainly increased the demand for digital services and put pressure on developer teams to ship faster, said Tyler Jewell, managing director at Dell Technologies Capital, the venture capital arm of Dell Technologies. However, while PaaS businesses grew in 2021, they didn't grow at a faster rate than they did prior to COVID-19, he said.

PaaS is the new IaaS, according to Insight's Cameron. In 2019-2020, the second or third big wave of IaaS cloud movers had completed full or partial uplifts to the cloud, and many of those that weren't moving at that time started updating skills and strategies to begin their own cloud journeys.

A lot of them learned the lessons of those who came before -- they started to upskill their staff, update processes and think about what it really meant to move to the cloud rather than just throwing a few virtual machines on a public cloud platform, he said.

"There is also a lot more general experience with cloud platforms in the market at this point -- engineers are starting to get a good idea where IaaS and PaaS and SaaS all fit within their IT services stacks and how to optimize placement of workloads on the optimal platforms," Cameron said. "Hybrid and multi-cloud are now the default rather than the exception -- most customers are starting with a much more nuanced and realistic vision of where public cloud fits in their organizations."

Positive Technologies' Kuznetsov said that the leading PaaS trend in 2022 will be the further enhancement of computing powers -- essentially, the urge to integrate with edge computing before reaching the clients themselves.

"But we need the next computing technology breakthrough," he said. "Instead of building more data centers, the industry should devise a plan to significantly raise the quality of computing, e.g., practically implement quantum computers and start using them en masse."

"As for the future, half a glance at the booming PaaS vendor market will speak volumes, with AI platform as a service tipped as the next hot topic already well warmed up," NCC Group's Rostern said.

Indeed, the PaaS market size is expected to grow from an estimated $56.2 billion in 2020 to $164.3 billion by 2026, according to a research report from MarketsandMarkets.

Expect to see vendors increasingly consolidating IaaS and SaaS functionality into PaaS, and leading PaaS through its maturity cycles to establish standards and practices, Rostern said. Only then will it hit true escape velocity, and we can expect to see PaaS cyber hygiene stability hit its full stride.

"In the market today and across our clients, we observe two consistent themes," Deloitte's Potter said. "One, the importance of data-driven decisions at scale to maximize customer value and open new market offerings. Two, the refocus of talent to high-value activities using automation to replace low-value activities."

With those two themes considered, in 2022, ML-focused PaaS offerings will mature and better integrate with the provider's service ecosystem and enable engineers to bring data-driven solutions to market faster, Potter said.

Given the increasing adoption of PaaS platforms -- which Deloitte doesn't expect to slow down -- technology firms will continue to place significant investment in their PaaS offerings in 2022 and beyond, he said.

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The state of the PaaS business model and market in 2022 - TechTarget