In their May 2021 report, Magic Quadrant for Oracle Cloud Applications Services, Worldwide, Gartner states that ‘The pace of customers moving to Oracle Cloud Applications (OCA) increased yet again, reflected by the continued growth in almost all of the Magic Quadrant vendors’ OCA businesses.’
According to Gartner, ‘By year-end 2024, 75% of Oracle application services revenue will be cloud-related as enterprises accelerate their move to the cloud in response to the massive disruption of the COVID-19 pandemic' and 'by 2025, 85% of large organisations will have engaged external service providers to migrate applications to the cloud, up from 43% in 2019.’
‘Our combination of business and technology capabilities - from strategy to execution - helps companies achieve their digital technology goals and capitalise on business opportunities. Through our alliance with Oracle, we use technology to help our clients to improve their decision-making, empower their workforce, drive innovation and accelerate their businesses to help them focus on what matters for their organisation.'
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner Magic Quadrant for Oracle Cloud Application Services, Worldwide, Katie Gove, Denis Torii, Akshit Malik, Gunjan Gupta, Alan Stanley, 24th May 2021.
Global Lead, Analyst Relations, PwC United States
Tel: +1 (917) 471 3355