Platform-as-a-service (PaaS) is expected to grow moderately throughout the forecast period of 2019-24, with a CAGR of 10.2%. With cloud being a technology foundation for the deployment of a multitude of digital offerings and services, revenue for infrastructure-as-a-service (IaaS) is estimated to exceed the $1.2 billion mark by 2024, with a CAGR of 16.3% throughout the forecast period of 2019-24.
Set to be its biggest ever buyout, Wipro will acquire London-headquartered Capco in a USD 1.45 billion (over Rs 10,500 crore) deal as the Indian IT major seeks to become a “bolder and ambitious” company as well as rake in higher revenues from banking and financial services space. Announcing the deal on Thursday, Wipro said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the Banking, Financial Services and Insurance (BFSI) sector.
I had shared with you that you will see a bold Wipro, a more ambitious approach, one that will be more risk taking, one that will not be afraid to shake up the applecart to make tough calls to invest in deep tech. And to think big. This acquisition fits well into that strategy and will pave the path of building a bold tomorrow for Wipro.
Tech major IBM has launched a Cloud Satellite to give wings to its hybrid cloud strategy in India. The cloud satellite is a unifying layer of cloud services, available across locations, offering businesses control on critical data delivered via IBM Cloud, regardless of where the data resides, the company said. Clients can now deploy cloud services securely in a multi-cloud environment for both public and private cloud, on-premises, or at the edge. For instance, IBM Cloud Satellite will support satellite locations on Amazon Web Services, Azure and Google Cloud.
ZTE Corporation has unveiled its NEO (Native Enhanced-cloud Orchestration) card at MWC Shanghai. However, the Hypervisor virtualization layer is deployed on the server, which usually causes a lot of server performance loss. To solve these problems, ZTE has launched the NEO card solution. Also, the NEO board is pre-integrated with the Hypervisor virtualization layer, and the users can conveniently deploy the layer within several minutes. ZTE TCF (TECS Cloud Foundation), the distributed and precise cloud embedded with the NEO card, realizes software and hardware coordination.
Demand for Data Storage & Managed Hosting Services is Expected to Grow Exponentially across ASEAN Region
With the growing presence of hyperscale cloud service providers, high penetration of Internet connectivity, and a keen focus on cybersecurity and data privacy, the demand for data storage and managed hosting services is expected to grow exponentially across the ASEAN region. In mature data center markets such as Singapore, which still remains the data center hub in the ASEAN region, the demand for wholesale colocation from global cloud service providers will drive the revenue growth for data center services. Emerging data center markets such as Malaysia, Indonesia, and Thailand are poised to experience exponential growth due to the abundant availability of resources, coupled with favorable government policies on developing data center infrastructure.
The pandemic-induced lockdowns resulted in a 70 times increase in the user base for Zoom in the four months to April 2020, the video conference app’s founder and Chief Executive Eric S Yuan said. He said the app, which enjoyed a runaway jump in valuations after the pandemic, will continue to be relevant for its users as the world switches to a hybrid mode of working, which entails dividing time between home and offices. Following the sudden imposition of the lockdown, video conferencing was the default connect with the world for all the people, and ensured that office work continued remotely and people stayed in touch with their dear ones.
Beijing’s new focus on “cloud communication,” such as livestreaming temple events, not only has negative implications for information security, but also packages nefarious “united front” tactics under a veneer of goodwill, an analyst said as reported in Taiwan media. Institute for National Defense and Security Research researcher Lee Kuan-chen made the observation in the institute’s latest edition of Defense Security Biweekly, a Chinese-language publication for officials and lawmakers on news, security issues and trends. On Jan. 13, China’s Taiwan Affairs Office established four new “cross-strait exchange bases,” which are 79 places in China intended to elicit a cultural or economic affinity with Taiwanese, he said.
As the contours of the post-COVID global economy sharpen, few would dispute the accelerating importance of software generally and of software as a service (SaaS) specifically. The average U.S. enterprise now uses more than 1,000 SaaS products, demonstrating with their buying power the effectiveness of this model. What fewer recognize is that Indian entrepreneurs are the global economy’s emerging SaaS powerhouse, building on longstanding leadership in IT services. India’s talent pool, local resources and market dynamics, and pay-it-forward attitudes are driving this trend toward longer-term dominance.
Over just the past five years, India has gone from a modest SaaS ecosystem to more than 1,000 SaaS startups, of which more than 150 have exceeded $1 million in revenues. The software reviews website G2 found that reviews and traffic for Indian SaaS companies jumped 350% in 2019 over the prior year, the fastest of any major region in the world. Funding for SaaS startups in India also more than doubled to exceed $1 billion last year for the first time. Although the $30 billion invested in the U.S. dwarfs this amount, the budding Indian SaaS ecosystem’s evident cost efficiencies and other advantages ensure that India matters.
On top of these advantages in the quality and cost of talent, Indian SaaS entrepreneurs see expanding benefits in their home market. While few Indian companies were active SaaS buyers previously, now India has become a huge greenfield consumption playground for software in general and SaaS in particular. The India SaaS market is estimated to be growing at a 36% CAGR (2018–2022) per the local industry association Nasscom, and this is boosting Indian SaaS providers as they can more efficiently learn and scale.
LOCAD is Southeast Asia’s 1st Cloud Logistics Network that Combines an Integrated Technology Platform with a Network of Warehouses & Logistics Partners
LOCAD is Southeast Asia’s first cloud logistics network that combines an integrated technology platform with a network of warehouses and logistics partners. An innovative solution to the emerging supply chain needs and demands of e-commerce and omni-channel distribution, Locad provides on-demand warehousing and multi-channel fulfillment. Offering fast, flexible and affordable services to simplify logistics and operations, Locad empowers entrepreneurs and brands to grow their online business, one package at a time.
In November 2020, Locad launched its platform to the Philippine market. To address the rise of the digital consumer precipitated by the Covid-19 pandemic, Locad is designed to scale and level up the e-commerce supply chains of both developing and established brands through simplified logistics. Following its roadmap to build a connected e-commerce fulfillment network across the Asia-Pacific region, Locad is expanding its regional presence with fulfillment centers in Australia, Hong Kong, Thailand, Singapore, and Vietnam, which will be operational by Q1 of 2021.
Blue Prism Launching Venture Fund to bring RPA Technologies to New Clients, Starting with Asia-Pacific Region
Robotic process automation firm Blue Prism is launching a venture fund to bring RPA technologies to new clients, starting with the Asia-Pacific region before expanding to “the entire globe.” Blue Prism Ventures is designed to give companies with little or no RPA experience the strategic and technical wherewithal to deploy AI software agents, beginning with the development of intelligent automation business plans, then the Blue Prism tools necessary to execute those plans.
SAP intends to advance vision of Atmanirbhar Bharat by leveraging an agile & scalable cloud technology that is co-developed in India – Kulmeet Bawa, SAP India President & MD
Today, customers are seeking scalability, faster deployment, data compliancy and cost-effective solutions to enable innovation and achieve prompt business outcomes. SAP intends to advance the vision of Atmanirbhar Bharat [self-reliant India] by leveraging an agile and scalable cloud technology that is co-developed in India and now made available in local data centers to help Indian enterprises recalibrate their businesses to run better.
Our investment in India is toward accelerating Nation’s Digital agenda & our customers’ Transformation in Cloud – Scott Russell, President, SAP Asia Pacific Japan
SAP’s commitment to support India’s growth vision remains a top priority, and we are determined to achieve this with deeper collaboration with our customers, ecosystem and the government. Our investment in India is toward accelerating the nation’s digital agenda and our customers’ transformation in the cloud.
HCL Technologies and Claim Genius has signed a strategic agreement to jointly develop and market new AI claims management solutions
HCL Technologies and Claim Genius has signed a strategic agreement to jointly develop and market new AI claims management solutions. As part of this agreement, HCL will be providing Claim Genius’s real-time damage analysis technology for passenger vehicles to global insurance carriers. HCL is integrating Claim Genius’s platform with HCL’s core claims platform, which is widely used by carriers. Coupled with HCL’s comprehensive claims-management solutions, these new features will help clients drive new efficiencies into their claims workflow and accelerate the transformation towards a virtual and touchless claims future.
SAP to invest INR 500 crore (€55 million) in India to localize and offer customers a multi-cloud choice
SAP announced it would invest INR 500 crore (€55 million) in India to localize and offer customers a multi-cloud choice. Underscoring its commitment to India, SAP will make available its multiple cloud solutions in India data centers. With one of the largest and most diverse business-to-business cloud portfolios, SAP India is a leading cloud company that is aggressively working toward addressing local customer demands. SAP further fortified its commitment to enterprises with the benefits of integrated cloud technologies to deliver the greatest flexibility and be data compliant under the upcoming Personal Data Protection Bill.
Google Cloud on Tuesday announced the elevation of Karan Bajwa as its new leader for Asia Pacific. He currently leads Google Cloud in India. Bajwa will lead all regional revenue and go-to-market operations for Google Cloud, including on Google Cloud Platform (GCP) and Google Workspace from January 5, 2021, a statement said. Bajwa continues to lead Google Cloud in India until a new senior leader for the business is appointed and will report to Rob Enslin, President of Sales, Google Cloud.
Businesses have Realized Importance of Investing in Cloud Services During Current Times – Srinivas Rao, Sr. Director, System Engineering, Dell Technologies India
The pandemic has put us all into an Innovative mode. Businesses which were earlier reluctant to try out new technologies and work arrangements, have now started to rethink their strategy to innovate. They have realized the importance of investing in cloud services during current times and have expedited their adoption process, which would have otherwise taken many years to accomplish. As we transition into a mode of recovery, we can expect a rise in the adoption of On-demand cloud services. Through this, organizations will be able to receive the benefits of cloud computing that will allow them to develop, manage and deliver applications while giving them control over their IT spending. We will also witness hybrid cloud computing taking the center stage and providing consistent operations and infrastructure across multiple cloud environments. To conclude, we expect businesses to venture out and combine the services of IoT, Big Data and cloud computing to help make their business processes simpler, improve the quality of their outcome and maintain business continuity.
Chinese Tech Giant Huawei looking towards cloud services as its primary focus, over its smartphones and 5G Operations
Chinese tech giant Huawei struggles under the influences of the US sanctions, the company’s founder and CEO Ren Zhengfei said the tech giant is now looking towards cloud services as its primary focus, over its smartphones and 5G operations. As per reports, the senior executive of the Chinese tech giant had made the announcement in an internal speech back in November 2020. The founder had said that the company must build up its strength in cloud services and that the brand needed to also make a “breakthrough” in the field.
Salesforce Cloud Partner Prime Technology Group Reportedly acquired Agile Software Developer Synerzip
Salesforce cloud partner Prime Technology Group, backed by private equity firm Frontenac, has acquired agile software developer Synerzip. Prime, founded in 2001, is headquartered in Wayne, Pennsylvania. Prime’s core product offerings include application development, data management, cloud services, and content management. It has additional operations in Detroit, Michigan and Hyderabad, India.
We are excited to combine the Prime family with the Synerzip family – Sudhakar Goverdhanam, Prime Technology Group Founder & CEO
We are excited to combine the Prime family with the Synerzip family, consistent with our strategy to add complementary software development capabilities which strengthen our vertical market domain expertise. We are excited to work with the Synerzip leadership team to continue to delight their clients and our clients with our combined strength.
In Bengaluru, restaurants that have managed to survive 2020 and — surprisingly — five-star hotels have taken to the cloud kitchen avatar spryly. Embassy Leisure, a venture that Seth is a part of, for instance, has opened four cloud kitchens in the past few months, namely, Mad Mex, Garam Masala, Hakka Chow and Bangalore Pizza Company. “We decided that since our guests couldn’t come to us, we could go to them… We also wanted to retain all our staff and this was the best way we could do so,” Seth says as reported in media.
The Core idea of GitOps is having a Git Repository – Walmart Japan Cloud Solution Architect Bhargav Shah
The core idea of GitOps is having a Git repository that always contains declarative descriptions of the infrastructure currently desired in the production environment and an automated process to make the production environment match the described state in the repository. If you want to deploy a new application or update an existing one, you only need to update the repository – the automated process handles everything else. It’s like having cruise control for managing your applications in production.
RingCentral: Rajeev Singh Rathore has Joined as Vice President of Global Service Provider Partnerships, South Asia
RingCentral, Inc, a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that Rajeev Singh Rathore has joined as Vice President of Global Service Provider Partnerships, South Asia. Rathore will be responsible for driving RingCentral’s partnerships with mobile operators, Internet Service Providers (ISPs), and managed service providers in the South Asia region.
US would Prohibit Chinese Cloud Companies from Storing & Processing Data on US Citizens & Businesses
The United States is beginning to advance its own version of digital sovereignty. Secretary of State Mike Pompeo’s Clean Network Initiative would prohibit Chinese cloud companies from storing and processing data on US citizens and businesses. And while the Biden administration will likely roll back many actions taken under President Trump, the prospect of compelling ByteDance to sell TikTok to Oracle or run its US operations through a local partner remains on the table. This could set a dangerous precedent: the US government would be mirroring and legitimizing China’s cloud regulations, which require foreign providers to enter the market only through joint ventures with Chinese companies that own majority shares.
Amazon Internet Services, the Indian unit of cloud computing provider Amazon Web Services, reported a 54% jump in revenue to Rs 4,216 crore in fiscal year 2020, regulatory filings sourced by business intelligence platform Tofler has revealed. The company, which is in the business of data processing, hosting and related activities, is the Indian subsidiary of the Amazon Group that resells and markets A WS Cloud services in India.
Japan: DDN’s AI-Focused Storage Solution, EXAScaler adopted as Dedicated Storage of Supercomputer System “AI Bridging Green Cloud Infrastructure”
DDN, provider of artificial intelligence (AI) and data management software and hardware solutions enabling Intelligent Infrastructure, today announced that its AI-focused storage solution, EXAScaler, has been adopted as the dedicated storage of the supercomputer system “AI Bridging Green Cloud Infrastructure,” which is currently being developed between Japan’s National Institute of Advanced Industrial Science and Technology (AIST) and Fujitsu Ltd.
The last few years, particularly 2020, have seen an exponential growth of remote users and internet connected devices (IoT). Existing network access technologies require costly DIY builds and are unable to provide zero trust security, universal wireless reach, high-performance cloud access, and intelligence to these users and devices. Infiot’s Cloud Service Fabric provides a global business fabric to deliver consistent end user experience, zero trust security and distributed services across all remote users, sites, devices, and cloud.