Market Share of Professional Cloud Services Industry
The professional cloud services market is very competitive because of the presence of many major players like Cisco Systems Inc., Hewlett-Packard Company, Microsoft Corporation, Dell EMC, and Fujitsu Limited, among others. The main growth strategies used by these businesses to survive the fierce market competition are product launches, high expenditures on research and development, partnerships, and acquisitions.
In September 2022, GTC-NVIDIA announced its first infrastructure- and software-as-a-service offering, NVIDIA Omniverse Cloud. It is mainly a comprehensive suite of cloud services, especially for artists, developers, and enterprise teams to publish, design, operate, and experience metaverse applications anywhere.
In February 2022, Deloitte, KeyBank, and Google Cloud declared an expanded, multi-year strategic relationship to assist KeyBank in achieving its goal of being a cloud-first bank. KeyBank would be one of the largest regional banks in the U.S. to run its main platforms and applications on Google Cloud infrastructure. This would allow the financial institution to change how it runs, develops, and delivers digital experiences to its partners, clients, and teammates, all while keeping security.
Professional Cloud Services Market Leaders
Cisco Systems, Inc.
Microsoft Corporation
Oracle Corporation
Fujitsu Limited
Accenture PLC
*Disclaimer: Major Players sorted in no particular order
