Global Oracle Services Market Overview:
Companies around the world are developing new business models and improving manufacturing capabilities with the expectation of exceeding their resistance. As these companies aim to increase business reliability, they are constantly looking for solutions that will improve the process of doing business. You are essentially looking for a single platform that offers customers multiple services and great cost benefits. These factors are expected to fuel the growth of the oracle services market. Oracle offers solutions and services through cloud computing, which is accessed over the Internet and used by a large number of customers simultaneously at a low cost. The various services offered by cloud computing are SaaS applications (supply chain management, enterprise resource planning, human capital management, enterprise performance management) and platform as a service (data management, application development, business analytics). The various benefits of cloud-based offerings for Oracle are to increase operational productivity, increase sales, and reduce costs. Companies like oracle have years of experience in cloud computing. The introduction of cloud computing leads to various benefits such as faster implementation, upfront costs, scalability, accessibility, and better security.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Revenue and Lower Costs, The Adoption of Oracle ERP Cloud and The Rising Trend of Better Decision Making and Improve Workforce Productivity
Market Growth Drivers:
The Rising Demand for Cloud-Based Services, Rising Number of Internet Users and Increasing Cloud Adoption
Challenges:
Lack of Skilled Professionals
Restraints:
High Cost of Ownership and Rigidity in Price Models
Opportunities:
The Increasing Demand for the Oracle Cloud HCM for Full HR Transformation, The Growing Investments in Advanced Services Well-Aligned With Their Strategies and Capabilities and Growing Demand for ‘Best-In-Class’ Oracle Services Coming From the SMEs to Procure High-Profit Margins
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations.
Some of the key players profiled in the report are Oracle Corporation (United States), NTT Data Services LLC (United States), Infosys (India), Deloitte (United Kingdom), Accenture (Ireland), Capgemini (France), Wipro (India), TCS (India), Fujitsu (Japan), Cognizant (United States), DXC Technology (United States) and GNC Consulting (United States). Additionally, following companies can also be profiled that are part of our coverage like HCL Technologies (India), Tech Mahindra (India) and Yash Technologies (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Oracle Services market by 2028. Considering Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Oracle Services market. Considering Market by Technology, the sub-segment i.e. Artificial Intelligence (AI) will boost the Oracle Services market.
Latest Market Insights:
In June 2019, Microsoft Corp. an interoperability partnership with Oracle Corp. which enables customers to run and migrate enterprise workloads in Oracle Cloud and Microsoft Azure. The aim of this partnership was to offer customers the best of both clouds. It also offers the Oracle E-Business Suite on Azure.
In January 2022, Oracle acquired Federos LLC, a provider of AI-optimized service and network assurance, analytics, and automated orchestration solutions for communication service providers (CSPs) and enterprises. This acquisition aimed to expand company's cloud-based offerings for CSPs and enterprises by integrating Federos’ intelligent automation and analytics capabilities into its cloud solutions.
What Can be Explored with the Oracle Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Oracle Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Oracle Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Oracle Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Oracle Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists, Government Regulatory, Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.