Tag: MuleSoft

Enterprises spend more on cloud than traditional IT

Enterprise IT spending on public cloud computing will overtake spending on traditional IT in 2025, according to research by Gartner.

This rapid shift in buying habits, driven in part by the COVID-19 pandemic, has seen widespread adoption of cloud-based infrastructures, applications and business process services. In fact, Gartner says almost two-thirds (65.9 percent) of spending on application software will be directed toward cloud technologies in 2025, up from 57.7 percent in 2022.

There is a shedload of pressure for suppliers to come up with viable options.  Gartner vice president Michael Warrilow said: “Technology and service providers that fail to adapt to the pace of cloud shift face increasing risk of becoming obsolete or, at best, being relegated to low-growth markets.”

Public cloud services are expected to exceed $480 billion this year. Much of the optimism for this growth is based on the big cloud suppliers’ strategy towards industry clouds, virtualised cloud solutions based on increasing sophistication and integration of services. Last year, all three suppliers announced industry cloud strategies.

Blue Blue snaps up cloudy Neudesic

Biggish Blue has acquired Microsoft Azure partner Neudesic to expand the tech vendor’s portfolio of hybrid multi-cloud and artificial intelligence services.

IBM said that Neudesic gives it more Azure cloud, data engineering and data analytics capabilities  The company has more than 1,500 cloud and data workers in the US and India.

IBM and Neudesic signed a definitive agreement for the acquisition in the fourth quarter of 2021, according to the statement.

IoT integration market will grow by a third each year

Forwarders-set-to-see-growthA new market research report claims that the IoT market will grow by a third every year.

MarketsandMarkets beancounters claim that the global IoT Integration Market size is expected to grow from $ 759.5 million in 2017 to $ 3,301.7 million by 2022, at a Compound Annual Growth Rate (CAGR) of 34.2 percent.

The major forces driving the growth of the IoT Integration Market include the growth of the Bring Your Own Device (BYOD) trend and the need for remote workplace management.The increasing demands for data consistency and growing regulatory compliances and regulations are also some of the factors that are driving the market growth, the report said.

The system design and architecture services segment is expected to be the fastest growing service in the IoT Integration Market during the forecast period.

System design and architecture services involve the analysis, design, and configuration of the software components that support the system architecture.

System design engagement typically provides advice for sizing of new systems and scaling of existing systems. It provides improved system performance, offers tailored configuration advice, and monitors the capability usage of system resources.

Service providers also design and offer customized services as per client requirement and budget. These customised services help manage business workflows and improve business efficiency for commercial customers.

The smart building and home automation application area is expected to hold the largest market share in the IoT Integration Market during the forecast period.

Smart buildings comprise energy-saving equipment for the efficient functioning of all components and systems of a building, including lighting, monitoring, safety and security, emergency systems, heating, ventilation and air conditioning systems, and car parking.

The concept of smart buildings has gained prominence due to the increasing adoption of IoT solutions and services. IoT-enabled smart buildings offer enhanced features such as operations personalization, in-building device mobility, occupant comfort, and indoor activities automation.

IoT home automation systems use control systems and smart devices to automatically control and manage basic home functions over the internet from any location.

The major vendors in the IoT Integration Market include Infosys , HCL , TCS, Capgemini, Cognizant, Wipro, Atos, Intel, MuleSoft, Phitomas, Meshed and Allerin.