IT investment patterns began to change also in Romania, following world’s trend. Companies undergo a technology transition to a consumption model based on cloud solutions – which offer better, more efficient, and more scalable IT infrastructure that can be adapted as the business environment changes.
According to IDC (Romania Cloud Services Market 2016–2020 Forecast and 2015 Vendor Shares), cloud services spending represented 7.3 percent of IT services spending in Romania. Moreover, cloud services will expand at a compound annual growth rate (CAGR) of 25.5 percent to total USD 131.50 million in 2020.
In this context, Oracle has solutions as is the fastest growing scaled cloud company in the world. Oracle’s Data Cloud has collected more than 5 billion consumer and business profiles and 45,000 dimensions.
“Cloud computing is the new way of business. We are the only company delivering cloud capabilities across
Oracle is investing more than USD 5 billion in R&D, up by USD 2.5 billion than it was spending 6 years ago. Oracle conducts 50 billion cloud transactions a day supporting 27 million users across data centers around the world,” Sorin Mindrutescu (photo), CEO Oracle Romania said on Tuesday in a press conference.
In 2015, cloud services operational management spending (public and private) in Romania totaled USD 42.20 million, an 80.2 percent year-on-year growth, the same IDC data reveal.
“For the fifth consecutive year, the cloud adoption rate continued to grow at a fast pace in Romania, despite the overall state of the economy and the general IT market situation. In 2016 the total market value associated with cloud services (both public and private) will grow by 28.5 percent,” Liviu Gherman, Cloud & Digital Transformation Adviser Oracle Romania added.
According to Mindrutescu, over the past 3 years, Oracle has nearly doubled our cloud sales force globally.
“In our SaaS/PaaS business, we reported 23 percent growth in fiscal year 2014, 32 percent in fiscal year 2015, and now 49 percent in fiscal year 2016,” Oracle Romania head pointed out.
Oracle has opened 19 strategic global Cloud data centers live around the world in countries such as Australia, Brazil, Canada, Germany, Japan, United Arab Emirates (UAE), United Kingdom (UK) and United States (US). More strategic data centers are planned for Middle East and China. Unfortunately, Romania is not on the list.