Are You Missing Out on Industry Clouds?

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For all those in the US, hope you had a relaxing Labor Day weekend while enjoying the last unofficial weekend of the summer. I was a bit lazy this weekend so our newsletter this week will be a summarization of links around cloud market share (an update) and the concept of Industry Cloud platofrms. Hope you enjoy and let us know what you think about the structure. Simply hit ‘reply’ and provide your feedback.

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Cloud Computing Trends: Market Share and Growth

In the ever-evolving landscape of cloud computing, three major players dominate the market: Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. As of Q1 2024, AWS maintains its lead with a 31% market share, while Azure has reached an all-time high of 25%. Google Cloud follows with an 11% share. Together, these three providers account for two-thirds of the global cloud infrastructure market.

Cloud spending continues to surge, with $76 billion invested in Q1 2024 alone. The cloud market is now at a $300-billion revenue run rate, projected to double in size over the next four years. Organizations are increasingly optimizing their cloud spend, and cloud FinOps (financial operations) is gaining traction.

Industry Clouds

What Are Industry Cloud Platforms? Industry cloud platforms (ICPs) are modular cloud computing solutions that address the inadequacies of generic offerings by catering to vertical industry segments. They empower businesses by offering adaptable and relevant solutions, accelerating cloud adoption beyond early infrastructure users. ICPs combine Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) capabilities. These platforms transform cloud platforms into business innovation tools, providing modular, composable platforms with industry-specific packaged capabilities. They enable rapid adaptation of processes and applications, allowing partners to deliver value-added features through marketplaces and app stores. Unlike community clouds (e.g., GovCloud), industry clouds offer the full set of industry-relevant capabilities without separate maintenance.

Adoption Trends and Outlook: A recent Gartner survey revealed that nearly 39% of North America- and Europe-based enterprises have started adopting industry cloud platforms, with another 14% in pilots. Approximately 17% are considering deployment by 2026. Gartner predicts that by 2027, over 70% of enterprises will use industry cloud platforms to accelerate business initiatives, up from less than 15% in 2023.

Microsoft Industry Clouds: Microsoft offers industry-tailored solutions, empowering businesses with secure, AI-powered capabilities. These solutions span various sectors, including consumer goods, defense, education, energy, financial services, healthcare, manufacturing, retail, sustainability, telecommunications, and more. Industry clouds allow organizations to adapt, scale, and build for the future, enhancing workforce productivity and driving growth.

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Industry Clouds: Unlocking Career Opportunities

Specialized Expertise: Working with industry-specific cloud platforms allows professionals to develop specialized expertise. Whether it’s healthcare, finance, manufacturing, or retail, understanding the unique challenges and requirements of a particular sector positions individuals as valuable assets within that industry.

Career Growth: Proficiency in industry clouds opens up new career paths. Companies seek professionals who can bridge the gap between technology and industry-specific needs. Roles such as cloud architects, solution consultants, and industry analysts become accessible.

Strategic Impact: Industry clouds enable professionals to contribute strategically. They can shape how organizations leverage technology to solve industry-specific problems. This impact extends beyond technical skills to business acumen and domain knowledge.

Networking Opportunities: Engaging with industry-specific cloud communities provides networking opportunities. Collaborating with peers, attending conferences, and participating in industry-focused events can lead to valuable connections and career advancement.

Continuous Learning: Industry clouds evolve rapidly. Staying updated on trends, regulations, and innovations ensures professionals remain relevant. Certifications and training programs enhance skills and demonstrate commitment to growth.

Industry clouds empower professionals to align their expertise with specific sectors, drive strategic impact, and foster career growth.

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