Oracle Services- Reimagining Business Operations
Enterprises across the globe are reimagining their businesses models and capabilities, with an aim to consolidate their position by outdoing their competition. As these enterprises continue to focus on winning the business agility race, they are always on the lookout for valuable services that would help them increase relevance quotient of their businesses. Multiple studies point to the fact that agile enterprises show a higher degree of adeptness in sustaining customer relationships, which warrants the growing investments in advanced services well-aligned with their strategies and capabilities.
However, the demand to avail multi-disciplinary solutions from a single platform continues to intensify, so that enterprises are saved from the inconvenience of seeking multiple services from independent sources. In addition, multi-disciplinary services in one single platform offers umpteen cost benefits to end users, with an added advantage of personalization. Such factors are likely to offer rewarding opportunities for the Oracle service providers to reap substantial profits through 2029.
Oracle Services Market - Key Research Findings
- The global Oracle services market size in 2018 was ~US$ 7 Bn.
- The Oracle services market is expected to grow at a CAGR of ~15% during the forecast period of 2019-2029.
- Increasing cloud adoption are among some factors that have been driving the sales of Oracle services.
- Collectively, North America are likely to account for half of the revenue shares in the Oracle services market by the end of 2029.
- Western Europe and APEJ, due to the strong presence of cloud-based solutions, will continue to be among the prominent regional markets for Oracle services.
- To provide high-performance oracle services with enhanced technology and meet the ever-rising demand for oracle solutions, leading players in the Oracle services market are focusing on entering into acquisitions and partnerships agreements with other market players in the 0racle services market.
- In February 2019, the Wipro introduced Quick Migration to Cloud (QuMiC), a platform that allows enterprises in smooth migration to Oracle Cloud.
- Cap Gemini introduced hybrid cloud solution for Telco providers to deploy the Oracle Communications Rapid Offer Design and Order Delivery Solution using Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) together with Software as a Service (SaaS) components.
- Infosys Finacle Collaborated with oracle to offer cloud services to transform the customer experience.
Key Factors Shaping the Oracle Services Market
Cloud Integration Driving the Demand for Oracle Services
Oracle offers solution and services through cloud computing which is accessed over internet and used by large number of customers simultaneously at the low cost. The various services offered through cloud computing are SaaS applications (Supply Chain Management, Enterprise Resource Planning, Human Capital Management, Enterprise Performance Management) and Platform as a service (Data Management, Application development, Business Analytics).
The various benefits of cloud-based offerings to oracle are increasing operational productivity, increasing revenue and lower costs. The companies such as oracle has years of experience of cloud computing and adoption of cloud computing results in various advantages such as fast implementation, no-upfront cost, scalability, accessibility and better security.
Oracle Cloud ERP (Enterprise Resource Planning) Brings Value to Businesses
The adoption of oracle ERP cloud is increasing in businesses as the ERP cloud delivers better decision making and improve workforce productivity. Oracle ERP offer faster time to value, scalability, and innovation to the businesses. The demand is increasing for 0racle cloud ERP because ERP allows businesses to implement new functionality at a faster and more reliable rate compared to conventional on premise implementations. With enhanced reporting functionality, companies can acknowledge data request without depending on the IT department.
Oracle HCM (Human Capital Management) - A Complete Digital Transformation of HR Model
Recruitment is often done on a manual basis which is difficult task due to which the adoption of cloud HCM is increasing as the HCM cloud provides talent acquisition functionality to recruit, screen and hire applicants efficiently and collaboratively. Cloud HCM has the ability to set performance management goals, capture feedbacks about employees to help guide career development and perform talent reviews. Many organizations have multiple HR solutions due to mergers and acquisitions that have taken over a number of years, so the demand is increasing for the Oracle cloud HCM for full HR transformation as one project, bringing global HR functions on one platform.
Oracle Services Market Structure Analysis
- The global oracle services market serves a reasonably consolidated competition landscape, where a majority of key players maintain their strategic focus on the development, joint enterprises, & partnerships, and target a stronger global footprint.
- The global oracle services market is estimated to be fragmented, which remains a key factor for its dynamic competitive nature.
- Tier-1 Oracle services vendors account for around 38%-40% of the overall market. Vendors such as Deloitte Touche Tohmatsu Limited, Capgemini SE are among the largest and most experienced in the industry, and have a significant regional coverage across the globe.
- Tier-2 Oracle services vendors account for around 20%-25% of overall market. Vendors such as DXC Technology Company, and HCL Technologies Limited and Wipro Limited are among the experienced companies in the industry, and have a significant regional coverage across the globe.
- Tier-3 Oracle services vendors account for around 10%-15% of overall market. Vendors such as Accenture PLC, Tata Consultancy Services Limited, Cognizant, Tech Mahindra Limited, Infosys Limited, and PwC are among other companies that have a significant regional coverage.
The Massive Tide of ‘Cloud’ Integration
Evolving nature of business paradigms have called for high-scale implementation of solutions with exceptional promptitude and efficacy. Burgeoning investments in cloud-based offerings continue to be one among the key factors attesting the overhaul of business operations, worldwide. With ‘value addition’ being the epicenter of their strategic moves, Oracle service providers help enterprises to gain maximum returns out of their investments in Oracle solutions via three major service models- cloud services, consulting services, and financial services.
Among the wide-spread litany of brands offering comprehensive solutions for enterprise needs, Oracle’s suite of solutions has gained massive traction by enabling end users to boost their performance across supply chain, human resources, customer relationship, and financial management. End-users’ quest for services that would help them drive maximum value from their investments in Oracle solutions is estimated to propel growth of Oracle services market in 2019 and beyond.
APEJ- Promising a New Dawn of Opportunities for Stakeholders
While North America continues to be highly lucrative for the market players to aim at, fast-growing economies in Asia Pacific except Japan (APEJ) are likely to turn the tables around throughout the assessment timespan. Booming countries, including China and India, are reflecting a strong wave of enterprise growth, which is a key factor encouraging market players to expand their operational bases across these regions. Recognizing the exceptional growth potential in these regions, the leading service providers are capitalizing on demand for ‘best-in-class’ Oracle services coming from the SMEs to procure high profit margins.
The Broader Perspective
Customer assistance is of critical importance to businesses of varying stature, as it successful customer service is the elixir to long-term buyer retention. Realizing the importance of unparalleled customer assistance, the service providers will not only be able to recoup the customer acquisition costs, but also cultivate a loyal customer base. In addition, 24X7 customer assistance services also help the key vendors in building their brand image, wherein the customer assistance personnel act as key representatives of the brand’s values to the customer bases.
However, over-the-top annual subscription charges in case of specific services offered by Oracle are likely to pose sizeable challenges for the service vendors. High cost of ownership and rigidity in price models will continue to impact customer satisfaction, which, in turn, has resulted in price renegotiations or withdrawal of contracts by customers. Sensing the aforementioned and its future repercussions, key vendors are introducing a wide range of services in available in affordable prices that would turn the odds in their favor.
Cloud service highly sought-after
Consulting service in demand
Large enterprises sustain high demand
Demand from SMEs on rise
BFSI takes the lead
Retail & CPG see exponential growth
How Growth will Unfold
Key vendors active in the oracle services market are zooming in their focus on opportunities brimming in the arena of small and medium enterprises, and are supporting growth of these businesses in the best possible ways. To capitalize on these opportunities, market vendors are using their industry-leading expertise to offer advanced and tailored services that are best-suited to the enterprises’ needs. With ‘digital transformation’ emerging as a buzzword across every field, key service providers operating in the oracle services market are providing access to professionals with in-depth knowledge across Oracle’s range of comprehensive solutions, so that enterprises are able to take their businesses to the next level.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
A recent market study published by FMI on the Oracle Services Market includes global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historic as well as current growth parameters of the Oracle Services Market, the growth prospects of the market are obtained with maximum precision.
Oracle Services Market Taxonomy
The Oracle Services Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
By Service
- Consulting Service
- Financial Service
- Cloud Service
- IaaS
- PaaS
- SaaS
By Enterprise Size
- Small & Medium Enterprise
- Large Enterprise
By Vertical
- BFSI
- High Tech
- Communication & Media
- Retail & CPG
- Energy & Utilities
- Healthcare & Life Sciences
- Public Sector
- Others
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
What's Included
The report initiates with the executive summary of the Oracle Services Market, which includes a summary of key findings and statistics of the market. It also includes wheel of fortune of Oracle Services Market.
Readers can find the definition and a detailed taxonomy of the Oracle Services Market in this chapter, which will help them understand the basic information about the Oracle Services Market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Oracle Services Market report.
The Oracle Services Market report provides the key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.
This section explains the global market value analysis and forecast for the Oracle Services Market between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical Oracle Services Market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the Oracle Services Market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the Oracle Services Market between the forecast periods of 2019-2029.
This chapter explains the key macro-economic factors that are expected to influence the growth of the Oracle Services Market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the Oracle Services Market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on the type, the Oracle Services Market is segmented into Consulting service, financial service and cloud service. Cloud service is sub segmented into IaaS, PaaS, and SaaS. In this chapter, readers can find information about the key trends and developments in the Oracle Services Market and market attractiveness analysis based on the type of service.
This chapter provides details about the Oracle Services Market based on the enterprise size, and has been classified into small & medium enterprise, and large enterprise. In this chapter, readers can understand the market attractive analysis based on the enterprise size.
This chapter provides details about the Oracle Services Market based on the vertical, and has been classified into BFSI, High Tech, Communication & Media, Retail & CPG, Energy & Utilities, Healthcare & Life sciences, Public sector, and others. In this chapter, readers can understand the market attractive analysis based on the enterprise size.
This chapter explains how the Oracle Services Market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America Oracle Services Market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the application and countries in North America.
This chapter provides the growth scenario of the Oracle Services Market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the Oracle Services Market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, BENELUX, and the Rest of Western Europe are included in this chapter.
This chapter highlights the growth of the Oracle Services Market in Eastern Europe by focusing on Russia, Poland, and Rest of Eastern Europe. This section also help readers understand the key factors that are responsible for the growth of the Oracle Services Market in Eastern Europe.
This chapter highlights the growth of the Oracle Services Market in Asia Pacific excluding Japan by focusing on China, India, Indonesia, Malaysia and South Korea. This section also help readers understand the key factors that are responsible for the growth of the Oracle Services Market in Asia Pacific.
This chapter highlights the growth of the Oracle Services Market in Japan. This section also help readers understand the key factors that are responsible for the growth of the Oracle Services Market in Japan.
This chapter provides information about how the Oracle Services Market will grow in major countries in the MEA region such as GCC Countries, Northern Africa South Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the Oracle Services Market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the Oracle Services Market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Deloitte, TCS, Capgemini, Accenture, Wipro, HCL Technologies, Infosys, Tech Mahindra, among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the Oracle Services Market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the Oracle Services Market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- World of Chemicals
- Chemical Weekly
- Chemical Engineering World, etc.
- Industry Associations
- The European Chemical Industry Council
- The American Chemical Society
- China Chemical Society
- Indian Chemical Council
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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