NEWS
NEWS
NEWS
Despite coming late to the race, Oracle is going “all in” with cloud, with the announcement of the new Oracle Cloud Machine expected at Oracle CloudWorld today.
John Furrier (@furrier) and Dave Vellante (@dvellante), cohosts of theCUBE, from the SiliconANGLE Media team, kicked off theCUBE’s live coverage of Oracle CloudWorld 2016 from the Marriott Marquis in Washington, D.C.
Marketshare numbers, according to Wikibon, put Oracle down below competitors Amazon Web Services (AWS) (with 27 percent of the marketshare), Microsoft (with 16 percent) and IBM (with 12 percent). However, according to Furrier, these figures do not take into account all factors. Although Oracle currently only has approximately five percent of the market share, last year the company had a growth rate of 43 percent, and its cloud sales will soon hit $1 billion.
Oracle’s cloud push is concentrated in Software as a Service (SaaS), which is the fastest-growing sector in the cloud market. Furrier predicted that Oracle will soon be in top three cloud service providers; “no question,” he said. Oracle is “in it to win it” he added, citing the company’s positive history of being able to shift gears in a major market change and come out on top.
During Oracle CloudWorld 2016, theCUBE will be asking and answering questions around Oracle’s announcement of the Oracle Cloud Machine, and the company’s future plans, including:
Watch the full interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of Oracle CloudWorld 2016. And make sure to weigh in during theCUBE’s live coverage at the event by joining in on CrowdChat.
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Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.