19 companies have made Gartner’s 2022 Magic Quadrant for Oracle Cloud
Oracle cloud application service provider started in October 2016, and since then, they have become worth over 11 billion US dollars.
They barely had the minimum resources and only monitored over one region when they started their cloud applications journey. They have 29 cloud regions under them, with 70 services available worldwide.
The rapid growth in their cloud sales would most likely be the partnership with multinational companies like Tata Consultancy Services, PwC, Deloitte, Accenture, etc. The 19 companies, including those mentioned above, initiated this series of market research reports called Gartner’s 2022 Magic Quadrant for Oracle Cloud Application Services.
The 19 companies who made this market research series possible have made over 15.4 billion US dollars the previous year. A report states that they will be making 12.5 billion US dollars every year from Oracle Cloud Application Services for the Magic Quadrant. There are nearly 270,000 resources engrossed in Oracle Infrastructure, whereas about 121,000 resources are engaged with Oracle Cloud Application Services. The amount of attention Oracle has been putting into this Magic Quadrant project has no bounds.
According to Gartner, the actual reason for Oracle’s cloud sales drastically growing wasn’t all for the companies that initiated Magic Quadrant. The reason behind it was none other than COVID-19. The pandemic was responsible for people reaching out to Oracle for cloud purchases. As per a report, “It is clear 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 double through 2023. In total, these 19 vendors have almost 47,000 individual accredited certifications in these products.”
All of the 19 companies are primarily IT-based. The companies mentioned earlier, Accenture, Tata Consultancy Services, Deloitte, and PwC, are the ones that joined the series at the very beginning. The rest of them that were divided into four quadrants are IBM, Infosys (Leaders), then KPMG (Visionary), Wipro, Oracle Services (Challengers), Tech Mahindra, Huran, DXC Technologies, HCL Technologies, Capgemini, LTI, Cognizant, EY, Inspirage, Evosys (Niche Players). Accenture, Deloitte, TCS, and PwC were also parts of the Leader quadrant. Now, let’s see how these companies have impacted the Magic Quadrant since 2021.
Accenture is the first IT company to join the Magic Quadrant alliance with other companies. However, they got second place when it came to the vision of Magic Quadrant. Estimated to Gartner, Oracle Cloud Applications service has been selling cloud services 42% more since Accenture has joined them. They funded resources for Magic Quadrant with 4000+ Oracle Cloud Application certifications. The Accenture company has the most Oracle trainees with them. But, they receive service orders for large and mid-size enterprises. They aren’t suitable for small-sized clients.
Deloitte is the second company to join the Magic Quadrant, where they rank second for the vision. It has 10,000+ Oracle Cloud Application practitioners under them. Oracle clients can interact with them using the financial model provided to them. Their services give clients financial freedom with their funding. Gartner thinks they can’t get enough clients because they have a large audit and tax system.
There are 5,000-10,000 Oracle Cloud Application practitioners available at PwC. And according to Gartner, the sales of Oracle’s cloud services increased by 45% since PwC joined the Magic Quadrant. PwC is preferred to work with single targeted clients. And PwC is not interested in technical shift and lift. Thus, clients looking for less troublesome services won’t choose their services.
Tata Consultancy Services also has 5,000 to 10,000 OCA practitioners under them, and the growth of Oracle cloud sales has been increasing by 51% since TCS has joined other 18 companies. They are currently ranked in Magic Quadrant initiators and have a higher rank in vision, too. TCS has a majority in the Finance and Human Rights department, but they are far behind most companies regarding industrial applications and supply chain management.
The companies may be sweeping much money from Oracle Cloud Services, but they are the pillar of this Magic Quadrant. Each categorised company is doing their jobs just fine, which makes the sales of cloud services bloom.