Companies providing Oracle Cloud application services enjoyed a great 2021, with 19 vendors earning a healthy US$15.4 billion (NZ$24.1 billion) revenue, analyst firm Gartner tallied up.
Demand for Oracle Cloud application (OCA) services continues to heat up as total annual cloud revenue for the company currently stands at over U$11 billion (NZ$17.2 billion), growing at a double-digit clip year after year
Worldwide sales are up from US$12.5 billion (NS$19.6 billion) in 2020, and are growing rapidly due mainly to the Covid-19 pandemic, Gartner noted.
“It is clear that the pandemic has accelerated the demand for digital business and cloud and led to a severe talent shortage,” the Gartner Magic Quandrant for Oracle Cloud Application Services Worldwide report said.
"The necessary OCA skilled implementation resources will need to at least double through 2023.
"In total, these 19 vendors have almost 47,000 individual accredited certifications in these products."
”There is massive Oracle cloud sales growth accruing for many large channel partners including the likes of Accenture, Deloitte, PwC, and Tata Consultancy Services (TCS)," the report added.
By the end of 2024, 75 per cent of Oracle application services revenue will be cloud-related.
Enterprises willl accelerate their move to the cloud, according to Gartner.
Also by 2024, 70 per cent of large enter price resource planning (ERP) deployments will be delivered by predominantly remote rather than on-site implementation teams.
Gartner’s Magic Quadrant ranks vendors on their ability to execute and completeness of vision and places them in four categories.
These are: Niche Players (low on vision and execution), Visionaries (good vision but low execution), Challengers (good execution but low vision) and Leaders (excelling in both vision and execution).