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Home › Cloud Computing › Cloud Computing: Most Cloud Revenues are Generated by Just a Few Top Vendors By Dick Weisinger Cloud Computing is expected to grow at a rate of 36 percent annually from now until 2016. The current market size is about $5.7 billion and will reach $20 billion in 2016.
The rise of application containers on enterprise roadmaps has been hard to miss, and it illustrates the rapid and deep impact that the combined power of cloud computing and open source can have on the IT industry.
At its CloudWorld event in New York City, Oracle demonstrated its growing data-as-a-service (DaaS) offering. DaaS (decoupled from applications and combining both internal and external data) is a new way to connect the growing world of business applications. Oracle rightfully showcased its ID Graph technology, which combines the Oracle Marketing Cloud and Oracle Data Cloud to enable marketers to connect customer identities across disparate channels and devices.
At its CloudWorld event in New York City on January 20, 2016, Oracle provided details on how close it is to completing its platform-as-a-service (PaaS) portfolio. As shown in Figure 1, most planned services are now available. The next wave of releases in the next few weeks include the Big Data, Big Data SQL, and NoSQL Database services, as well as the Application Container (Node, Java SE) and Application Builder services.
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