Global Oracle Services Market, By Service (Consulting Service, Financial Service, Cloud Service), Enterprise Size (Small and Medium Enterprise, Large Enterprise), Vertical (BFSI, High Tech, Communication and Media, Retail and CPG, Energy and Utilities, Healthcare and Life Sciences, Public Sector, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Oracle Services Market
The oracle services market is expected to witness market growth at a rate of approximately 13.60% in the forecast period of 2021 to 2028 and is expected to reach USD 21,278.49 million by 2028. Data Bridge Market Research report on oracle services market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand from various enterprises globally is escalating the growth of oracle services market.
Oracle is known to provide solution and services through cloud computing accessed over internet and utilized by large number of customers simultaneously at the low cost. SaaS applications including supply chain management, enterprise resource planning, human capital management, enterprise performance management and platform as a service consisting of data management, application development and business analytics.
The rise in the rate of cloud adoption by small and medium enterprises and large enterprises across the globe act as one the major factors driving the growth of oracle services market. The increasing acquisitions and partnerships agreements among key players to offer high-performance oracle services with enhanced technology and meet the ever-rising demand for oracle solutions accelerate the oracle services market growth. The growing popularity of oracle because of its several benefits of cloud-based offerings such as increasing operational productivity, increasing revenue and lower costs and the increasing preference of the service owning to advantages it brings on the table including fast implementation, no-upfront cost, scalability, accessibility and better security further influence the oracle services market. The surge in demand for oracle ERP cloud by numerous enterprises as it better decision making and improve workforce productivity, faster time to value, scalability and innovation to the businesses also boost the oracle services market growth. Additionally, the use of the service for implementing new functionality at a faster and more reliable rate compared to conventional on premise implementations, rapid urbanization, changes in business environments and adoption of business intelligence solutions for managing IT environments positively affects the oracle services market. Furthermore, the increasing need for enhanced reporting functionality to acknowledge data request without depending on the IT department extends profitable opportunities to the oracle services market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the ownership and rigidity in price models is the factors expected to obstruct the oracle services market growth. Price renegotiations or withdrawal of contracts by customers are projected to challenge the oracle services market in the forecast period of 2021-2028.
This oracle services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on oracle services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Oracle Services Market Scope and Market Size
The oracle services market is segmented on the basis of service, enterprise size and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service, the oracle services market is segmented into consulting service, financial service and cloud service. Cloud service is further segmented into IaaS, PaaS and SaaS.
- On the basis of enterprise size, the oracle services market is segmented into small and medium enterprise and large enterprise.
- On the basis of vertical, the oracle services market is segmented into BFSI, high tech, communication and media, retail and CPG, energy and utilities, healthcare and life sciences, public sector and others.
Global Oracle Services Market Country Level Analysis
The oracle services market is analyzed and market size, volume information is provided by country, service, enterprise size and vertical as referenced above.
The countries covered in the global oracle services market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Western Europe and North America dominates the oracle services market due to the rising demand for cloud-based services in the regions. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the economic growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oracle Services Market Share Analysis
The oracle services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oracle services market.
The major players covered in the oracle services market report are Oracle, IBM Corporation, Deloitte Touche Tohmatsu Limited, Capgemini, DXC Technology Company, HCL Technologies, Wipro Limited, Accenture, Tata Consultancy Services Limited, Cognizant, Tech Mahindra Limited, Infosys Limited, PwC, Arista Networks, Inc., Broadcom, Cyber Power Systems (USA), Inc., Delta Electronics, Inc., Huawei Technologies Co., Ltd., Nuance Communications, Inc., Inspirage, EVOSYS, IT Convergence among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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