Tag Archives: insights

Global SAP Cloud Platform Services Market: Competition Matrix

DUBLIN 2, Ireland, 06-Nov-2018 — /EPR INTERNET NEWS/ — Increasing number of solutions in the entire cloud ecosystem has resulted in creation of a complex cloud environment. Shifting toward cloud platforms being a major focus, cloud customers are facing challenges in managing applications, integrating, workload management and other facets in the cloud computing space. In a bid to resolve cloud challenges, vendors such as SAP SE have created advanced cloud platform services that offer simplified process control and enhanced workload management using various services under the SAP cloud platform services portfolio.

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Fact.MR foresees that the sales of SAP cloud platform services are estimated to jump by 1.2x in 2018 over 2017, with the overall SAP cloud platform services market crossing a valuation of over US$ 160 Mn in the year. Fact.MR report envisages that the SAP cloud platform services market is likely to stay bullish on back of remarkable growth prospects in the following years, with growing small and large scale enterprises venturing into SAP cloud platform services to enhance business performance.

“To enhance global footprint and improve sales of SAP cloud platform services, participants such as SAP SE are entering into strategic collaborations and partnerships across major countries worldwide. Considering the present scenario of increasing partnerships it has been possible to develop new sales funnels for SAP cloud platform services, which in turn is expected to fuel the market valuation of SAP cloud platform services in the forthcoming years.” – Lead Analyst, Fact.MR IoT and Cloud Computing, ICT Domain

Few Takeaways Highlighted in the Report

  • End users of SAP cloud platform services continue to showcase higher preference for strategy and consulting services; POC (Proof of Concept) service likely to gain high traction
  • Small and medium enterprises to pave potential growth avenues for SAP cloud platform services vendors worldwide; large enterprises showcase a steadily growing inclination towards cloud services
  • IT and telecom industry account for a higher share of the SAP cloud platform services market in 2017 followed by BFSI sector
  • Consumer goods & retail and manufacturing sectors to showcase increasing preference in SAP cloud platform services in 2018
  • United States to remain an attractive market for SAP cloud platform services accounting for over 30% revenue share of the overall market in 2017

Small and Medium Enterprises (SMEs) Emerge as an Attractive End User

Small and medium scale enterprises are emerging as lucrative end users with respect to SAP cloud platform services adoption, says the report. Small and medium businesses are largely focusing on cloud computing services owing to relatively low cost associated with cloud computing as compared to on-premise deployment and SAP cloud platform services are no exception. The report estimates that the SAP cloud platform services market revenue generated from small and medium enterprises is likely to cross US$ 100 Mn by end of 2018.

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On the other hand, relatively lower revenue generation has been observed across large enterprises on account of early adoption of on-premise deployment that is pre-planned. Moreover, affordability quotient of on-premise deployment services by large enterprises is high as compared to SMEs. However, SAP cloud platform services are likely to gain higher traction across large enterprises in the future, according to the report.

Preeminence of Americas Region to Prevail in the SAP Cloud Platform Services Marketplace

Sales of SAP cloud platform services are likely to remain concentrated across Americas, particularly the United States. Macroeconomic factors such as significant economic growth and high GDP coupled with growing cloud computing infrastructure and presence of key SAP cloud platform services vendors have influenced sales in the country.

Countries in the Asia Pacific, particularly Japan, are likely to showcase increasing inclination toward use of SAP cloud platform services. The report projects that the demand for SAP cloud platform services across Japan, India, China and Australia is expected to grow at a stellar pace. Of these countries, albeit at a lower base apropos of revenue generation, India is likely to project potential growth prospects for SAP cloud platform services, according to Fact.MR report.

Overall, the outlook for SAP cloud platform services market remains bullish in the forthcoming years, with the market expanding at a value CAGR of 29.5% throughout the period of assessment, 2018-2028.

SOURCE: EuropaWire

Evolve 2017 Oslo speakers: Dag Honningsvåg, Jostein Magnussen, Hasith Yaggahavita & Per-Christian Svendsen

OSLO, Nov-8-2017 — /EuropaWire/ — The 99X Technology team aired its first international breakfast seminar, on winning with the digital evolution this 25th at Kulturhuset in Oslo. As a first of a series of seminars to be kicked off in the coming years, Evolve 2017: Oslo was all about bringing the digitalization wave to Norway’s tech and innovation community, with knowledge and experience sharing sessions from industry thought leaders in the region.

Directed specifically at enthusiasts looking to transform their business models to digital, and enhance revenue by adding core value to products or services, the seminar was held in partnership with Netlife Design, Norway and was an insightful two hours for the audience. The speaker panel featured Dag Honningsvåg (Chairman of 99X Technology, Driw AS and Bylineme, and Former CEO of Making Waves), Jostein Magnussen (Co-founder of Netlife Design), Hasith Yaggahavita (CTO at 99X Technology and founder of IgniterSpace) and Per-Christian Svendsen (CEO of Boligmappa AS).

“The opportunities are endless with digital transformation. We know this first-hand and we have proven experiences where software products have achieved sustained growth over the years, working with many different ISVs across the world. The objective today was to bring to light how beneficial this would be for Norwegian software vendors, as well as general enthusiasts for their growth strategy,” said Dag Honningsvag, expressing his views at the seminar.

“Evolve Oslo also became a platform for like-minded digitalization enthusiasts to come together and share their views, and this was exactly what we were hoping for. As digital evangelists, we are looking forward to enabling this transformation for the entire European region very soon,” he further added.

Commencing with Dag’s comprehensive introduction to digitalization, the seminar was taken over by Jostein who shared very informative insights on handling clients in the digital era of information clutter, followed by Hasith who elaborated on the next big thing after the SaaS hype. Per-Christian then concluded with an interesting view of how the digital transformation journey works, taking his own success with Boligmappa AS as an example. Overall, the tips and learnings were a great directive for the audience.

This seminar marked the end of a fruitful engagement in Norway by the 99X Technology team, which also included a company showcase at Webdagene 2017, Scandinavia’s largest customer experience conference, last week.

SOURCE: EuropaWire