Gartner’s 2022 Magic Quadrant For Oracle Cloud Application Services show that 19 Companies Generate $15.4 billion between them
Big G said that demand for Oracle Cloud application services continues to increase as total annual cloud revenue for the company currently stands at over $11 billion, growing at a double-digit clip year after year.
A big chunk of the cash in Oracle cloud sales growth accruing for many large channel partners including the likes of Accenture, Deloitte, PwC, and Tata Consultancy Services (TCS), according to Gartner’s new 2022 Magic Quadrant for Oracle Cloud Application Services, Worldwide.
Just 19 vendors who made Gartner’s Magic Quadrant cleaned up earning $15.4 billion in total revenue from Oracle cloud application services last year, up from $12.5 billion year over year.
Gartner points to the global COVID-19 pandemic as a major reason why Oracle Cloud Application (OCA) sales are rapidly growing.
The report said that the pandemic has accelerated the demand for digital business and cloud and led to a severe talent shortage.
“The necessary OCA skilled implementation resources will need to at least double through 2023. In total, these 19 vendors have almost 47,000 individual accredited certifications in these products”, the report said.
By the end of 2024, 75 percent of Oracle application services revenue will be cloud-related as enterprises accelerate their move to the cloud, according to Gartner.
Additionally, by 2024, 70 percent of large ERP deployments will be delivered by predominantly remote rather than on-site implementation teams.
