Enterprises worldwide are innovating by bringing about transformational initiatives in their legacy applications. The motive behind this is to ensure the efficiency of their core business processes, and move to newer, best-of-the-breed technologies which effectively address total cost of ownership and business risk issues.
We will see an increasing quantum of adoptions of modern Software as a Service (SaaS) applications from leading Cloud players. Cloud-hosted applications will continue to grow as alternatives to existing enterprise applications that are used and managed internally. Enterprises will be required to perform necessary application modernization assessment workshops, followed by application rationalization and / or various re-engineering exercises, to come up with the decision to either go with a full-blown or a co-existence strategy for Cloud adoption.
However, you do not always enjoy all the application functionalities that are specific to your core business using Cloud-hosted applications. In fact, there is always room for extensions and with the increasing adoption of the co-existence strategy, you make the overall enterprise architecture complex for integrations. You will, therefore, certainly need a platform that can make you more flexible and agile in terms of your Cloud adoption and investment which will eventually make you successful as an organization in terms of achieving your IT and business goals.
This is a journey every enterprise will have to undergo. Now the questions in this regard are, do we have that kind of time in today’s fast-paced world, and is there an available robust platform in the market that can jump-start an organization’s overall Cloud adoption strategy and take it to the next level of maturity?
Platform as a Service (PaaS) is the answer to both these questions. Although this is still untapped, the good news is that it is open for rapid expansion. SaaS and IaaS (Infrastructure as a Service) providers are also looking at PaaS as a natural extension for growth. The PaaS market is growing exponentially as enterprises seek quicker development times along with Cloud and mobile enablement of their applications and customers. The International Data Corporation (IDC) predicts – “the PaaS market is expected to grow from $6.2 billion in 2013 to more than $20 billion in 2018, with a CAGR of nearly 27% for the forecast period. With the overall software market growing at a five-year CAGR of 6.3%, Cloud software is growing at more than four times the rate of the traditional packaged software market.”
Oracle is increasingly competing in the Cloud application platform segment of the PaaS market with its Oracle Cloud and Oracle Private Cloud Solutions. So much so that a look at their complete PaaS portfolio is completely worth it. It is offering a platter of platform services in the areas of computing, storage, database, Java, mobile, process, document management, BI, Big Data and integrations among others. Out of these offerings, some services are already performing well in terms of their value propositions and market adoption for various enterprise use cases.
Oracle’s comprehensive offerings and strategy for the PaaS portfolio will continue to help us to address business problems for customers who want to enjoy the experience of Cloud without compromising on their core business processes. It also provides a platform to partners like us to innovate and introduce differentiated solution offerings and excel in global collaborations through its Cloud marketplace.