Monthly Archives: July 2020

New Jersey, United States,- Market Research Intellect sheds light on the market scope, potential, and performance perspective of the Global Cloud Computing Security Software Market by carrying out an extensive market analysis. Pivotal market aspects like market trends, the shift in customer preferences, fluctuating consumption, cost volatility, the product range available in the market, growth rate, drivers and constraints, financial standing, and challenges existing in the market are comprehensively evaluated to deduce their impact on the growth of the market in the coming years. The report also gives an industry-wide competitive analysis, highlighting the different market segments, individual market share of leading players, and the contemporary market scenario and the most vital elements to study while assessing the global Cloud Computing Security Software market.

The research study includes the latest updates about the COVID-19 impact on the Cloud Computing Security Software sector. The outbreak has broadly influenced the global economic landscape. The report contains a complete breakdown of the current situation in the ever-evolving business sector and estimates the aftereffects of the outbreak on the overall economy.

Leading Cloud Computing Security Software manufacturers/companies operating at both regional and global levels:

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The Cloud Computing Security Software market report provides successfully marked contemplated policy changes, favorable circumstances, industry news, developments, and trends. This information can help readers fortify their market position. It packs various parts of information gathered from secondary sources, including press releases, web, magazines, and journals as numbers, tables, pie-charts, and graphs. The information is verified and validated through primary interviews and questionnaires. The data on growth and trends focuses on new technologies, market capacities, raw materials, CAPEX cycle, and the dynamic structure of the Cloud Computing Security Software market.

This study analyzes the growth of Cloud Computing Security Software based on the present, past and futuristic data and will render complete information about the Cloud Computing Security Software industry to the market-leading industry players that will guide the direction of the Cloud Computing Security Software market through the forecast period. All of these players are analyzed in detail so as to get details concerning their recent announcements and partnerships, product/services, and investment strategies, among others.

Sales Forecast:

The report contains historical revenue and volume that backing information about the market capacity, and it helps to evaluate conjecture numbers for key areas in the Cloud Computing Security Software market. Additionally, it includes a share of each segment of the Cloud Computing Security Software market, giving methodical information about types and applications of the market.

Reasons for Buying Cloud Computing Security Software Market Report

This report gives a forward-looking prospect of various factors driving or restraining market growth.

It renders an in-depth analysis for changing competitive dynamics.

It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.

It gives a six-year forecast evaluated on the basis of how the market is predicted to grow.

It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Cloud Computing Security Software market.

This report helps the readers understand key product segments and their future.

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In the end, the Cloud Computing Security Software market is analyzed for revenue, sales, price, and gross margin. These points are examined for companies, types, applications, and regions.

To summarize, the global Cloud Computing Security Software market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.

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Cloud Computing Security Software Market Growth By Manufacturers, Type And Application, Forecast To 2026 - 3rd Watch News

This internet boom over the last two has led to the growth in the demand for bandwidth from data centres. Lack of access to quality data networks and fully amped data centres in India is truly felt among organisations during this novel Coronavirus pandemic. To counter the pressure of work from home scenarios, Indian organisations are investing many times more than traditional IT spending in cloud infrastructure. In addition, cloud companies are expanding fast in the nation.

Even global companies are flocking towards India. For instance, Oracle has come up with its second cloud region in Hyderabad to support customers demand for enterprise cloud services in India. The launch follows the launch of its Mumbai Cloud region in 2019, making India Oracles latest nation with multiple cloud regions available. India has also become the next big hot market for internet giants such as Netflix, Spotify, Facebook and Amazon, fuelling demand for cloud professionals who could manage the digital infrastructure.

Amid this boom, training providers are witnessing a surge in enrolment in their information technology training programmes, including emerging technologies like cloud and data science. The jobs of the future will need expertise specific niche skills, and upskilling is the only way for a long term career growth for technologists. Hence certification programs are getting popularity among the IT professionals. According to analysts, COVID-19 lockdown has catalysed the enthusiasm of techies to getting certified. Indian software programmers are going for cloud certifications amidst COVID-19 lockdown, revealed a survey report from TechGig.

Also Read: 10 Leading Courses & Training Programmes For Cloud Computing In India

Extensive understanding of a new-age technology appeared the most crucial reason for techies to take certifications. Also, freshers and new joiners are more interested in acquiring certifications than working professionals. Cloud technology which is helping communication and remote working amid the present COVID-19 lockdown is also the preferred option for upskilling for the Indian developers, notes TechGig. The preference for cloud came on top of other advanced technologies like artificial intelligence and machine learning.

In todays unique COVID-19 time, technology is the only string which is keeping the world together. From cloud computing, which is supporting work-from-home to artificial intelligence, which is backing banking, retail, and important sectors run operations. Besides, cloud computing is crucial for robotics that is helping the front-line hospital personnel; new-age technologies are assisting the globe to connect in the existing time. The TechGig survey shows the enthusiasm of Indian developers to upskill on these new-age technologies, said Sanjay Goyal, Vice President & Head of Product and Technology at TechGig

Looking for people with cloud skills is a complex endeavour. Organisations these days are finding it very difficult to hire and retain cloud specialists, particularly in roles requiring advanced cloud skills and cloud architecture. Therefore, companies are giving due importance to both finding and creating the skills in-house so they do not face infrastructure challenges. Also, given the introduction of new services from the three major cloud platforms Google Cloud Platform, Amazon Web Services, Microsoft Azure and others, cloud training has to be constant so people can stay on top of the technology. Training providers are witnessing a surge in enrolment in their information technology training programmes, including emerging technologies like cloud and data science.

Cloud technology is one of the leading tech domains for upskilling among the techies and other technologies like artificial intelligence, machine learning, and quantum computing, getting the highest preference in terms of the need for upskilling. According to TechGig IT Certification Survey, one of the most important findings was that 90% of the respondents revealed that they are planning to have an IT certification soon to support and boost their career prospects. Thats why the adoption of certification courses is on the rise.

Also Read: 10 Leading Courses & Training Programmes For Cloud Computing In India

Cloud computing has risen to be the most sought-after skills set in the world for the last few years, and in particular, in 2020, companies are migrating their infrastructure and apps to cloud platforms. As a consequence, cloud jobs are also growing at a swift pace, making it one of the hottest fields in information technology. Now, with the demand for cloud experts, it has fuelled the need for niche skills, and IT professionals know that well.

It is clear that IT professionals will not face any issue with employment opportunities if they are skilled in cloud technologies space, particularly for platforms such as AWS, Google Cloud, Microsoft Azure. Consequently, learners are developing skills so they can grab the jobs as a cloud developer/administrator or system operators for cloud platforms after finishing their training programs. The platforms are utilised by thousands and thousands of businesses worldwide for hosting their products and services.

Home Why Indian IT Professionals Are Looking To Upskill Themselves In Cloud Computing

Cloud training courses will provide professionals with the opportunity to learn the best techniques and practices in cloud computing and acquire live feedback from an expert instructor. Training will help learners to take cloud certification exams from vendors- AWS, Azure or Oracle certifications to get recognised by hiring managers.

The upskilling is spread across advanced classroom training programs run by specialised institutes like Jigsaw Academy and Great Learning, etc, which have also witnessed a surge in demand for enrollment. Apart from training institutes, learners are also flocking to cheaper and/or free courses from cloud vendors or those found on Udemy. In fact, in a recent survey done by Analytics India Magazine, 76.9% of the analytics professionals are spending their time on training through self-learning.

While IT professionals not already working with cloud technologies will gain a solid foundation, those with some cloud experience will gain a more structured and hands-on understanding of cloud technologies, including issues such as migration, deployment, integration, platform choice, and architecture.

According to reports, COVID-19 pandemic has caused the desire to get certified, and professionals understand that certification is a need of the hour amid mass layoffs. DevOps, infrastructure-as-a-service, software-as-a-service, automation, agile and software-defined networks are going to be critical for IT professionals to land these jobs. Some platforms are offering interesting courses for learners to build their cloud tech skills, including many free courses to build cloud tech skills.

Also Read: 10 Leading Courses & Training Programmes For Cloud Computing In India

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Vishal Chawla is a senior tech journalist at Analytics India Magazine and writes about AI, data analytics, cybersecurity, blockchain and startup ecosystem. Vishal also hosts AIM's video podcast called Simulated Reality- featuring tech leaders, AI experts, and innovative startups of India. Reach out at vishal.chawla@analyticsindiamag.com

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Why Indian IT Professionals Are Looking To Upskill Themselves In Cloud Computing - Analytics India Magazine

Artificial intelligence (AI), 5G and coronavirus stocks have been on many investors minds recently. While there are certainly many opportunities in those sectors, theres another tech sector thats seen massive growth over the past year: cloud computing.

Source: Blackboard / Shutterstock

It doesnt sound nearly as sexy, but outside of coronavirus themes, its actually been the best performing sector year-to-date. After all, many businesses are now operating remotely, and all that data has to be storedsomewhere. As a result, the big cloud computing ETFs WisdomTree Cloud Computing (NASDAQ:WCLD), First Trust Cloud Computing (NASDAQ:SKYY) and Global X Cloud Computing (NASDAQ:CLOU) have significantly outperformed the SPDR S&P 500(SPY). The SPY is still down over 6% while WCLD, SKYY and CLOU are up 53%, 22% and 35%, respectively.

While cloud computing isnt nearly as flashy, its key to the future of technology. Cloud computing allows organizations to share data and store information online. In other words, they can move away from the bulky and limited physical storage of data, to the virtually unlimited storage of data through the cloud systems. They also make it easier to share information with, say, clients or colleagues in a different physical location.

Case in point:Veeva Systems (NYSE:VEEV), a leading provider of cloud software solutions for the life sciences industry. Its solutions help pharmaceutical and life sciences companies use cloud-based architectures and mobile applications for their businesses.

Now, the company actually has a very interesting origin story. Veeva Systems was founded in 2007 by Peter Gassner and Matt Wallach, who had never met before. In fact, they lived 3,000 miles away from one another. However, they both saw the direction cloud computing was heading and how it could benefit the life sciences industry.

Given Peter Gassners experience in Silicon Valley and Matt Wallachs experience in life sciences, they were the perfect duo to bring the cloud and life sciences together. The company was launched right before the iPhone hit the streets, so there was plenty of opportunity for VEEV to use cloud computing to take the life sciences industry by storm, developing technology solutions specifically to meet its customers needs.

Today, VEEV offers a variety of cloud computing solutions that fall under the Veeva Commercial Cloud, a suite of multichannel customer relationship management (CRM) applications, and Veeva Vault, a cloud-based enterprise content management application for managing commercial functions. The company has a number of well-known clients, includingAstraZeneca(NYSE:AZN), Teva Pharmaceuticals (NYSE:TEVA) and Bayer.

Over the years, strong global demand has added nicely to the Veeva Systems top and bottom lines.VEEV announced in May that it exceeded its own expectations for its first quarter in fiscal year 2021.

First-quarter revenue grew 38% year-over-year to $337.1 million, up from $244.8 million in the first quarter of 2020. Subscription revenue accounted for $270.2 million. First-quarter earnings increased 34% year-over-year to $105.2 million, while earnings per share jumped 32% year-over-year to $0.66. The consensus estimate called for earnings of $0.58 per share on $319.99 million in revenue, so Veeva Systems posted a 13.8% earnings surprise and a 5.3% revenue surprise.

The company continues to support the life sciences industry throughout the coronavirus pandemic, so healthcare professionals can carry out critical work for patients wellbeing.

Remote meetings between pharmaceutical companies and doctors through Veeva Engage are up more than 30 times during the pandemic. Doctors are also finding digital meetings more effective and plan to continue to a mix of in-person and digital interactions once these outbreaks subside. So, this should be a nice tailwind for the company.

What I also like about VEEV is its scalability: the ability of a business to exponentially grow revenues while only growing costs minimally. Cloud computing is very scalable and flexible because the upfront production costs are minimal. This makes companies like VEEV invaluable to the technology sector and its future.

So, its no surprise VEEV hit a new 52-week high of $244.10 this week. And since its also a holding in WCLD and SKYY, as well as 102 other U.S. ETFs, the stock should continue to see nice boosts in buying pressure.

Speaking of new highs,several of my stocks across my growth services, likeAdobe Systems (NASDAQ:ADBE), DocuSign, Inc. (NASDAQ:DOCU), Microsoft (NASDAQ:MSFT), Zoom Video Communications(NASDAQ:ZM) and Digital Turbine, Inc.(NASDAQ:APPS) also hit 52-week highs this week. What is especially noteworthy is that DOCUs new 52-week high came on Wednesday, during the big broad market selloff!

This is the type of performance you can expect when you invest in the best of the best. These are all fundamentally superior stocks with healthy sales and earnings growth that should keep them moving higher regardless of where the market turns next.

As aPlatinum Growth Clubmember, you have access to all of my buy lists, including theexclusive Model Portfolio, which offers the crme de la crme of stocks. If youre interested,you can click here to try myPlatinum Growth Cluband see all my latest buy and sell recommendations.

This includes myGrowth Investor July Monthly Issue, which just posted. In it, I released four new stock recommendations in hot sectors, and I cut three others from the team as well. You can learn all about it here.

Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the Master Key to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.

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Cloud Computing: The Tech Sector's Best Kept Secret - InvestorPlace

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Technological obsolescence is described as a state when a technical product or service is no longer needed or wanted even though it could be in perfect working order. Technological obsolescence generally occurs when a new upgraded product is created to replace an older version. To get an idea, think about your smartphone, by the time you get accustomed to its numerous features; there is already a newer swankier version launched. Indeed, there will be some novel features, some enhancements, productivity gains. But these efficiency gains come at a price. The big question is, what do you choose: efficiency or expenditure?

This dilemma exists at the consumer level. Somewhat similar, but more complex, is the dilemma faced by enterprises. When it comes to technology, enterprises seem to walk on a tight-rope. At one end, they need to curb costs that could even entail cutting down on investments. On the other hand, they need to improve productivity, ensure that the competitive edge is not lost. Hence, enterprise applications need to be updated; hardware needs to be upgraded, and so on. This can be quite a challenge, especially when technology is in a constant state of flux. There are newer and better versions of the same hardware or software applications available almost every quarter. Thus, when to upgrade and what to upgrade can be quite baffling. After all, improving efficiency is a perpetual goal.

So, should you be cutting costs or investing for growth? The answer is simple; the best companies do both.

This is where cloud computing comes into the picture. According to Investopedia; cloud computing is the delivery of different services through the Internet. These resources include tools and applications like data storage, servers, databases, networking, and software applications. Over the past decade and more, Indian enterprises have embraced cloud computing for a multitude of functions; right for email management to financial accounting. The growth in the market has been unprecedented. According to Gartner, the size of the cloud services market in India will be worth $4.1 billion by the end of 2020, from $1.3 Billion in 2016. A global survey by Logic Monitor states that about 83% of enterprise workloads will be on the cloud by the end of 2020. The case is not much different for Indian enterprises.

So, what is driving this cloud computing uptake?

It is the duality of increased efficiency and decreased costs. Rather than investing in capital expenditure (CapEx), corporates can leverage the power of computing via a hosted model. Also, the big cloud computing providers are continually investing in their infrastructure, the company does not have to bother about technological obsolescence. This is a win-win for any company, irrespective of its size and geography. To further enumerate, here are some of the benefits of cloud computing that help in increasing enterprise efficiency:

Operational expenditure: The company does not have to invest in CapEx, and neither does it have to invest in resources to run and maintain the infrastructure. This frees up capital which could be invested back in the business.

Security: Cloud providers - especially the big ones -- invest heavily into security because they are aware of the impact a breach can have on their reputation and the business.

Forecasting: The best thing about cloud computing is that you can scale up as your business grows. The company does not need to invest in infrastructure before-hand; they can keep building upon it as the business grows.

In case, as an organisation you are concerned about the privacy of data, and need to store it on-premise. There's the hybrid computing model that comes into play, which enables sensitive data to be stored locally. At the same time, non-sensitive can be shifted to the cloud.

And it isn't just about business; cloud computing is good for the planet as well. The big cloud computing companies like Google, etc., not only have the scale but also have an enormous amount of operational efficiency. Through the use of innovations like tailored chips, high-density storage, virtual-machine software, ultrafast networking and customised airflow systems big companies can increase computing output while decreasing their power usage. Take the case of Google, according to reports, the company's data centers on average generate seven times more computing power than they did just five years ago, using the same amount of electricity.

In the end, if you are interested in increasing the efficiency of your company, and decrease the cost as well, there's hardly any better alternative than cloud computing. And yes, while your workload is being processed on a server somewhere else, you also end up saving the planet. Not a bad side-effect, after all.

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Productivity boost with cloud computing - Forbes India

While the benefits of cloud computing have been well documented in recent years, volatile conditions currently experienced as a result of COVID-19 have further highlighted the flexibility inherent in the use of cloud infrastructure. Market reports estimate that the global impact of COVID-19 on cloud market size is expected to increase from USD 233 billion in 2019 to USD 295 billion by 2021[1]. Similarly, in a recent industry survey on cloud usage, more than 50% of participants indicated that their cloud usage will be higher than initially planned due to COVID-19[2]. It seems that now more than ever, the reality of remote work places, business continuity implementation, and collaboration efficiency has caused organizations to implement cloud computing as part of their IT infrastructure.In evaluating the risks and practicality of implementing cloud computing, private sector organizations operating in Canada should consider (i) applicable privacy laws, (ii) any existing contractual limitations, and (iii) industry specific regulations and/or guidance from regulatory bodies, if applicable.

Privacy considerationsGenerally speaking, the federal Personal Information Protection and Electronic Documents Act (PIPEDA) covers how businesses collect, use, and disclose personal information in the course of for-profit, commercial activities across Canada, except in provinces that have adopted substantially similar privacy legislation (namely Qubec, British Columbia, and Alberta).While PIPEDA does not contain provisions that explicitly regulate cloud services, and does not prohibit the processing of personal data by third parties, including processing across borders, it does establish rules governing the use of third parties in processing personal dataparticularly with respect to obtaining consent for the collection, use and disclosure of personal information, securing the data, and ensuring accountability for the information, and transparency in terms of its practices.Transferring organizations should consider what information will be stored in the cloud and why, further taking into account the sensitivity of the personal information and carefully assessing all the risks and implications involved in outsourcing personal data to the cloud. Similarly, organizations should consider potential data security issues when evaluating a cloud provider and negotiating contracts or reviewing terms of service. In implementing cloud infrastructure, the organization is still accountable for the information at the hands of its service provider, and as such, should use contractual or other means to provide a comparable level of protection while the information is being processed and stored by the third party.Organizations using cloud computing services should (i) limit access to the information and restrict further uses by the provider, (ii) ensure that the provider has in place appropriate authentication/access controls, (iii) manage encryption methods and determine if the encryption method is adequate, (iv) ensure that there are procedures in place in the event of a personal information breach or security incident, (v) ensure that there are procedures inplace in the event of an outage to ensure business continuity and prevent data loss, (vi) ensure periodic audits are performed, and (vii) ensure the termination procedures permit the transfer of personal information back to the organization and require that the cloud provider securely delete all personal information within reasonable and specified timeframes.To the extent that personal information is stored on servers outside of Canada, organizations should also ensure that data subjects are able to assess any risks associated with cross border transfers. Organizations need to make it plainto individuals that their information may be processed in a foreign country and that it may be accessible to law enforcement and national security authorities of that jurisdiction.Contractual considerationsAlso relevant are contractual obligations that may restrict or limit an organization's ability to use third party service providers. In considering moving to the cloud, organizations should review and consider its contractual obligations to ensure that confidentiality and data security provisions do not limit or prohibit the sharing of certain data with service providers. Some common contractual terms that may be relevant are the obligation to provide notice or obtain consent when onboarding new service providers, and/or the requirement to ensure that third party service providers maintain adequate levels of insurance coverage.Industry specific considerationsAlso potentially applicable within certain industries, are industry specific guidance documents established by regulatory bodies. As an example, the Office of the Superintendent of Financial Institutions ("OSFI") has published the B-10 Outsourcing of Business Activities, Functions and Processes guidelines, which set out OSFI's expectations for federally regulated entities, such as banks, that outsource to a service provider. While such guidance documents may not regulate the implementation of cloud computing specifically, they may capture outsourcing arrangements generally, and as such, should be considered by organizations, if applicable.

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Canada - Cloud Computing Forecast and Perspective: Sunny, with a chance of Growth - Lexology

Digitalization isnt new but the pandemic has surely bumped up corporate spending on cloud computing, digital transformation, big data analytics and AI. The coronavirus outbreak drove the remote working trend, forcing business to reset priorities.

This is surely fuelling the top line of software companies, especially, cloud stocks as more and more companies continue to shift from on-premise software to applications on the cloud.

Work-and-Play-From-Home Trend Boosts Cloud Stocks

Even as the pandemic has halted several business operations, cloud stocks have been skyrocketing since the outbreak. The adaptation of cloud-based services is nowgrowing faster as people rely more on their products and services to work and play from home.

Technology giants like Microsoft are focusing more on cloud computing and software-as-a-service. This is because companies are looking for more administrative, workflow and collaboration tools to integrate their remote working employees and create a virtual office-like environment. In fact, bigger companies require more sophisticated cloud architecture to shift their data and software applications online.

So far this year, Tencent Holdings Limited TCEHY has hired more than 3,000 employees for its cloud division. The company is taking aggressive measures to position its cloud business and beat its rival Alibaba Group in capturing the China cloud market. The additional employees will help the company improve its cloud servers designed in-house and help speed up cloud and smart city projects.

The gaming and software giant announced in May that it will invest $70 billion over the next five years in building technology infrastructure, especially cloud computing.

The digital-first operation has also boosted chipmakers like Micron Technology. In fact, with the surge in demand for cloud computing, 5G expansion and new generation of gaming consoles and personal computing devices, these chip makers have a radiant future.

In its recent earnings call, Micron reported that sales of memory semiconductor for data centers were up double-digit percentages compared to the previous quarter. Increased e-commerce, remote working, streaming and other cloud-based activities have driven usage and storage capacity requirement over the past few months.

Per a Bandera County Courier report, with the impact of COVID-19, the Global Cloud Computing market is estimated to rise from $233 billion in 2019 to $295 billion by 2021, at a CAGR of 12.5%.

Growing Demand of Cybersecurity

With the rise in remote working, cybersecurity has been a major concern for all businesses. Several companies have spent the last couple of months looking for better means to deploy and manage the security risks surrounding remote working.

Earlier in June, Microsoft reported that malware attacks abused the COVID-19 theme. Attackers sent emails carrying malicious file attachments and emails containing links that redirect users to phishing sites or malware downloads. The tech giant believes that the number of attacks has gone down but is still higher than that reported during the start in early February.

Per research by IBM, for most employees remote working has been a completely new experience. In fact, more than 80% of the respondents said that they have rarely worked from home or never worked remotely before the coronavirus outbreak. Additionally, more than half of the remote working employees surveyed said that they still do not have security policies to guide them while working remotely. Security threats area major concern for employees in their new home-office settings.

Another concern at present is that more than half employees are using their personal laptops or computers for work and 61% of them said that their employer has not provided tools to properly secure these devices.

Notably, VPN allows users to connect to the office network from their personal device but that makes it highly vulnerable. Hence, employees also require cloud security that consists of a set of policies, controls, procedures and technologies that work together to protect cloud-based systems, data, and infrastructure. This part of security deals in authenticating access to filtering traffic.

Our Top Picks

Given the current scenario, it looks like the remote working trend is here to stay, and cybersecurity plays a major role hereby protecting employees and companies working on cloud computing platforms. We have shortlisted five cloud stocks that will continue to rally in the second half of 2020.

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Zoom Video Communications, Inc. ZM provides a video-first communications platform. Its enterprise cloud phone system provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring and much more. The companys expected earnings growth rate for the current year is more than 100% compared with the ZacksInternet - Softwareindustrys estimated earnings growth of 4.5%.

The Zacks Consensus Estimate for its current-year earnings has climbed more than 100% over the past 60 days. Zoom Video sports a Zacks Rank #1 (Strong Buy). You can see the complete list of todays Zacks #1 Rank stocks here.

Tencent Holdings Limitedprovides value-added services (VAS) and Internet advertising services along with online games and social network services, FinTech and cloud services. The companys expected earnings growth rate for the current year is 24.5% against the ZacksInternet - Servicesindustrys estimated earnings decline of 1.5%.

The Zacks Consensus Estimate for its current-year earnings has climbed 8.8% over the past 60 days. Tencent sports a Zacks Rank #1.

Fortinet, Inc. FTNT provides broad, integrated and automated cybersecurity solutions. The companys expected earnings growth rate for the current year is 13.7% against the ZacksSecurityindustrys estimated earnings decline of 15.1%.

The Zacks Consensus Estimate for its current-year earnings has climbed 9.3% over the past 60 days. Fortinet sports a Zacks Rank #1.

Okta, Inc. OKTA offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities. The companys expected earnings growth rate for the current quarter is 60% against the ZacksInternet - Software and Servicesindustrys estimated earnings decline of 69.4%.

The Zacks Consensus Estimate for its current-year earnings has climbed 45.7% over the past 60 days. Okta carries a Zacks Rank #2 (Buy).

Amazon.com, Inc. AMZN provides compute, storage, database and other cloud-based services through AWS platform. The companys expected earnings growth rate for the next quarter is 18.4% against the ZacksInternet - Commerceindustrys estimated earnings decline of 44.6%.

The Zacks Consensus Estimate for its current-year earnings has climbed 1.7% over the past 60 days. Amazon carries a Zacks Rank #2.

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5 Cloud Stocks Set to Rally in the Second Half of 2020 - Yahoo Finance

In 2017, Gartner predicted that the domination of Amazon Web Services (AWS) and Microsofts Azure cloud would see the public cloud market remain a two-horse race.

The global research firm stated: By 2019, 90% of native cloud IaaS providers will be forced out of this market by the AWS-Microsoft duopoly.

While the intense competition between the vendors would mean competitive prices and services, Gartner said, the benefits are short-lived in the absence of other competition.

Today, in the US, while the cloud computing ecosystem has become richer, AWS and Azure remain towering central figures, while Google Cloud remains a strong third, and the Red Hat-fueled IBM also contends.

On a global level, Chinas Alibaba Cloud nips into third position ahead of Google. Other players high in the world ranks include VMWare, Oracle and SAP, and while the latter is German-born, homegrown European firms dont feature heavily in the tables. Thats despite the continents commitment to driving massive digital transformation projects for its economy in the next decade for which cloud and artificial intelligence will play a massive role.

With Europes growing appetite for cloud strategies and data infrastructure, deployments of 5G networks, and advances in edge computing, there is both a need and opportunity for more homegrown cloud alternatives.

The GAIA-X, for example, is a collaborative project by Germany and France with the goal of gaining cloud independence from US and Chinese tech giants. The project will ensure member companies play by set rules, including data sovereignty, data availability, interoperability, portability, transparency, and fair participation. Several documents that explain the projects purpose and architectural design have been published and can be found on its official webpage.

The project currently has more than 300 participants from various countries, and its also possible for market participants outside Europe to join, but they would need to commit to GAIA-Xs principles.

Tech giant Microsoft has expressed support for the European cloud project.

European cloud players are increasingly building a strong ecosystem of cloud solutions based upon respect for data regulations, transparency, security, and openness to uphold emerging cloud-inspired initiatives, such as the introduction of cloud tax in France and Italy.

Developed based on the values of GDPR (known as one of the strongest data protection laws in the world), European cloud companies could become an attractive alternative for APAC businesses in the pendulum swing between US and Chinese cloud solutions.

The APAC cloud market is set to grow 117% from US$133 billion to US$288 billion between 2019 and 2024, according to a new report by GlobalData. The APAC region is, without a doubt, fertile for digital transformation projects and ripe for cloud-based solutions.

As an example, Mark Smith, Managing Director, Asia Pacific for Digital Realty, expressed that Hong Kong is a regional leader in cloud readiness and has significant potential for further cloud adoption along with a strong base of customers with an appetite for digital technologies.

Besides that, APAC telcos are preparing for the roll-out of 5G networks with edge infrastructure, ready to empower the next-gen wireless applications such as the internet of things (IoT).

Naturally, the exponential growth and deployment of IoT devices will see more companies enlisting cloud infrastructure to support the highly-connected ecosystem.

Speculating on the rapid growth of cloud in APAC, European cloud alternatives developed under the wings of GDPR are in a strong position to help global companies navigate the varied compliance and regulations in the vast APAC region.

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Why there's a case for European cloud alternatives - TechHQ

June29, 20205 min read

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Cloud computing has long been poised to change the business landscape.Cisco predicts that 94 percentof all workloads will be handled in the cloud by next year and the COVID-19 crisis is speeding up the process.

As the coronavirus whips the business world into a tailspin, your company cant afford to go unprepared. Old, server-based computing options can be sluggish in the face of todays high-paced tech world. By adopting cloud computing, youre ensuring your organization has the digital tools it needs to face down whatever challenges may come next.

More and more companies are being forced to take their business online, but not all of them have the necessary digital infrastructure in place. If youre hoping to get your business through this pandemic unscathed, youll need cloud computing to help. Here are fiveways it can.

Related: A COVID-19 Survival Kit For Entrepreneurs

In times like these, businesses can no longer afford to let important documents get lost in endless email chains. Cloud-based document sharing is a great way of ensuring that key pieces of content can be viewed and accessed by anyone who needs to see them without hours of digging.

As COVID-19 sends workers home, working together is both more difficult and more important than ever. Thankfully, document-sharing platforms have begun responding to the pandemic, with leader Dropbox integrating many of its features with Zoom to allow for seamless collaboration. Apps like Dropbox or Google Docs make it easy to keep a tight grip on your key content, even if everything else is in flux.

Cyberattacks have always posed a serious threat to the increasingly digitized business world, but the pandemic is only exacerbating the problem. McKinsey research shows that the increase in employees working from home and the pressure faced by some organizations have significantly boosted the possibility of breaches.

Cloud-powered cybersecurity can solve many of the problems businesses face in this realm. Keeping security operations in the cloud gives your company significantly more digital horsepower, with many of the best security platforms utilizing artificial intelligence to detect and paralyze threats in real time.

Businesses arent the only ones hit hard by the pandemic. Consumers the world over are being plagued with uncertainty and reduced incomes. Research published in Harvard Business Review found that the virus is already making it significantly more difficult for call centers to cope, and this is only going to get worse as time goes on.

Taking your customer service to the cloud is a surefire way to help alleviate these problems. Cloud-based customer service carries the benefits of additional speed and bandwidth, but it also can make life easier for your CS agents. Cloud contact center Five9 recently partnered with Google Cloudto allow agents greater access to relevant customer information in real time. Firms need to be able to deal with high call volumes smoothlyto function, and the cloud can make that a reality.

COVID-19 may have shuttered offices in the short term, but the long-term effects might be just as profound, as74 percentof businesses plan on reducing the number of employees in their office, even after the virus subsides. Remote work has been on the rise for the past several years, but the recent spike in stay-at-home workers means that businesses need to be able to handle entire teams located outside the office.

The aforementioned document-sharing and videoconferencing platforms are crucial components of any work-from-home model, but these arent the only tools at your disposal. While Zoom allows you to make seamless video calls, it also weighs down internet connections and can be unruly at times. Messaging service Slack, however, recently underwent a speed increase and RAM usage reduction, making it a valuable cloud-communication option that wont prohibit your workers from connecting whenthey need to.

Related: 4 Major Cybersecurity Risks of Working From Home

For almost all businesses, this is a time of great uncertainty in regards to size. While some digital firms, such as Amazon, are experiencing explosive levels of growth, many are facing the serious possibility of furloughs or downsizing. To stay solvent, you need to be able scale your business up and down on a dime.

Because the cloud doesnt require a physical server to operate, it allows you to use as much or as little computing power as you need. Research from MIT has shown that on-site data centers can take up to a year to properly build time your business likely doesnt have at its disposal. Cloud computing lets you scale dynamically, without the need for waiting.

With COVID-19 comes an unprecedented number of unknowns, so your business needs to cover all its basesto stay prepared. Moving your company to the cloud offers your business a number of new advantages while allowing you to run all of your key operations,whether you're in the office or at home.

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5 Ways the Cloud Can Benefit Your Business During the Pandemic - Entrepreneur

SaaS applications work nicely on local appliances (on-premises). However, if youre running your SaaS on legacy hardware, youre bound to run into a couple of challenges. And since youre keeping it to your on-premises infrastructure, you cant tap into the features or capabilities of cloud computing. Thats a big disadvantage. So, your go to solution? Migrate SaaS to cloud. Easier said than done though, isnt it?

In this blog post, I take a closer look at:

Yes, were keeping it brief by sticking it to the rule of three.

One of the most common reasons why organizations move their SaaS workloads to the cloud is legacy infrastructure limitations. These include challenges such as:

In order to ensure high availability for critical workloads, you have to resort to expensive setups such as replication-based twin cluster nodes, RAID configuration, etc.

Even with the expensive solutions, its relatively difficult to ensure high availability for important data. Mostly because of single point-of-failure. Twin clustered nodes are great but theyre expensive. And RAID isnt bad either but if you dont replace your hard drives in time, youll still end up losing your data.

In comparison, Cloud Service Providers (CSPs) deploy geo-replication and other similar services to make sure that even if a data center or region goes down, your data remains available.

By putting your data in the cloud, youre able to leverage the availability measures CSPs have put in place so that theyre in compliance with strict SLAs. And youre not paying any additional charges to benefit from them.

On-premises hardware is expensive and it continues to consume budget that could be otherwise redirected for core operations. OpEx for an in-house data center includes maintenance cost, power and cooling costs, and the cost of the space reserved for the hardware appliances; not to mention the salaries for dedicated IT staff.

On the other hand, if you decide to put your SaaS in the cloud, you can opt to build a completely hardware less environment. This is particularly good for businesses that dont have enough space or are looking to save OpEx so that they can focus on core operations.

Now that we know why most organizations migrate their SaaS applications to the cloud, lets see what kind of challenges they have to overcome to do so.

If the SaaS software is a part of your core operations, usually it is, then migration cannot be a disruptive process for you; because that spells downtime and downtime is bad for business.

That implies, youll have to find a way to migrate your SaaS applications without disruption (solutions suggested below see three ways to migrate your SaaS to the cloud).

When migrating any workloads, SaaS applications or VMs, its a challenge to ensure synchronization. Youd want your applications and staff to continue as though nothing happened or simply start off the next day from where they left off.

However, its not easy to do that when migrating from your production environment to cloud-based servers. Secondly, its also important to do regular integrity checks.

Integrity checks simply mean that you have to make sure that the data has not been corrupted during the transfer (migration) and is available for use without any problems.

Depending on the way its done, SaaS migration can be very expensive. And cost considerations are a critical part of any business decision. Verily, moving core SaaS software from on-premises production environment to the cloud is a business decision. Therefore, the consequent cost has to be weighed in.

Best practice is to look for vendors that offer turnkey solutions instead of a component or a couple of components for the migration process.

If IT is not the core of your organization, then its ideal to look for vendors who are also offering professional services along with their solution to help with the setup and guide your onsite IT staff so that they can use the software effectively.

We have journeyed across the reasons why you might want to migrate your SaaS application to the cloud and the consequent challenges youll have to overcome. Now, lets discuss the three ways you can migrate your SaaS application to desired clouds.

If youre running your SaaS application on VMware, then a good option is the vMotion plugin. It automates VM migration and simplifies migration from one VMware environment to another VMware environment.

If youre running your SaaS application on an OS installed on a enterprise NAS storage, then things can be comparatively trickier. However, there are software available to help with server migration too. A good example would be Azure Migrate. It can simplify the migration process if youre looking to migrate your server to Microsoft Azure.

The challenge with these VM migration or server migration applications is that they lead to vendor lock-in. For example, vMotion, despite being quite expensive, will only work for VMware environments. Similarly, Azure migrate is only going to work if youre looking to migrate your servers to Azure.

Secondly, neither of these are turnkey solutions. They are components. In other words, your staff will have to do most of the heavy lifting.

Comparatively, its not a bad idea to look for third party service providers that offer complete data migration services from setup, to transfer, to switch over.

Note: This may or may not be a completely disruption free process. It depends on the chosen vendor. For instance, VMware vMotion promises a disruption free experience.

The second option are data transfer devices or DTDs.

You might be thinking, hey wait! How can that be a disruption free option?

That was true a little while ago but now there are services that leverage DTDs in combination with applications in a way that you dont feel any disruption at all.

For instance, StoneFly does that with their live VM migration DTDs (for VMware environments only).

How these DTDs work is a combination of replication-based synchronization. First, the major bulk of the data is offloaded to the DTDs, then the DTDs are shipped. The data is transferred to the target location and then the recently written data is synced over the wire. Finally, when everything is synced and ready, the system switches over and completes the migration process.

Note: Again, this option too depends on the chosen vendor. Its a good idea to clarify during the early stages that youre looking for a disruption-free process. If the vendor can deliver, they agree to it. If not, then you should look for vendors who can.

This solution is only suitable if you dont have a large bulk of data. For larger data, replication services become expensive, they overload the network, consume compute resources and bandwidth. In other words, everything comes to a grinding halt and this may even take days or weeks depending on the total volume you wish to migrate.

If you dont have a large chunk of virtual data to move, then this isnt a bad idea.

Replication, as the term implies, simply copies your data to the target site. Once the replication is completed, you can switch over and then stop the replication process.

It sounds simple and it is, as long as you choose the right vendor and application for the job.

Theres a good chance that the reason why youre looking to migrate your SaaS application to the cloud is to:

Here are the challenges youll have to overcome to do that:

Here are three effective ways to do it:

Which do you think is the best way to migrate your SaaS application to the cloud? Comment down below and share your expertise.

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Migrating SaaS to Cloud: How to do it without disruption - Techiexpert.com - TechiExpert.com

Adopt Cloud fast to beat pandemic blues: Indian tech honchos

New Delhi, July 5 (IANS) The Covid-19 lockdown forced enterprises in India to shift their operations overnight to immediately accommodate a remote workforce. During four months of working remotely, they faced unprecedented challenges in how to manage their business continuity in light of the burdens placed on capacity, productivity and security.

The pandemic, however, has accelerated the adoption of digital tools and organisations are strengthening capabilities to invent newer models of engagement and business touchpoints, in order to continue to meet immediate needs and to transform future possibilities into realities.

According to Sandip Patel, General Manager, IBM India/South Asia, new business models and opportunities are emerging to address needs of this digital age and ones that must be agile, cost efficient and built on a foundation of trust, powered by technologies like Cloud and AI.

"What is truly defining is the emergence of ''Network economy''. This pandemic has taught us new ways of how we conduct our business, how we work and interact with people and how we connect with the larger community, our customers, our business partners. Virtual networks are fast becoming the enabler of work in these times," Patel told IANS.

In a bid to help enterprises maintain business continuity and stay on the path of digital transformation in these tough Covid-19 times, Oracle last week announced the opening of its second Cloud region (after Mumbai) in Hyderabad.

"The Covid-19 and ensuing lockdowns have disrupted several businesses in India. We are already helping our customers increase efficacy across workloads in these lockdown times. The Hyderabad Cloud region will help a large number of Indian organisations realise their digital transformation dreams," Shailender Kumar, Regional Managing Director, Oracle India, told IANS.

"The second Cloud region will help scores of Indian firms adjust to the new normal," he added.

According to an IDC report that came out last month, as a result of the spread of the pandemic, 64 per cent of the organisations in India are expected to increase demand for cloud computing while 56 per cent for cloud software to support the new normal.

The need to work remotely is bolstering the demand for SaaS-based collaborative apps, to ensure on and off-site presence at all the times and zero-disruption to business. This will also increase the need for remote support services both human professional services and of the cloud software especially security/identity.

"As industries move away from infrastructure of ownership, pay-per-use models are likely to see an accelerated demand. Public cloud services will be among the few technologies that are positively impacted by the Covid-19," said Rishu Sharma, Principal Analyst, Cloud and Artificial Intelligence, IDC India.

According to Patel, even before the pandemic, the adoption of cloud has been a central feature in developing new, digitally-driven business models.

"However, some organisations are still struggling with harnessing the full capabilities of their Cloud environments. It is estimated that 50 per cent of enterprises will have moved to ''write once, run anywhere'' hybrid and multicloud environments by 2023," he noted.

According to Karan Bajwa, Managing Director, Google Cloud India, as Covid-19 runs its course, Google Cloud is working hard to deliver technology and business solutions to help millions of people stay connected.

"We believe today more than ever, we need to collaborate and innovate and build new features to make our tools helpful, secure and safe," Bajwa said last month.

In March, Google Cloud announced plans to expand its presence in India by launching a cloud region in Delhi, adding to its Mumbai region that was opened in 2017.

While the true impact of Covid-19 will be seen in the coming quarters, Cloud has already been a saviour for several Indian organizations during the Covid-19 crisis.

(Nishant Arora can be reached at nishant.a@ians.in)

--IANS

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Adopt Cloud fast to beat pandemic blues: Indian tech honchos - Outlook India