Oracle Predicts Increase in Multi-Cloud Adoption Among Enterprises

[Asia Economy Reporter Seungjin Lee] Oracle announced on the 3rd the major changes expected in the cloud industry in 2023. It forecasted that companies will select and use multiple clouds suitable for each business task, and customers will decide the deployment location and method of the cloud.

The key trends in the cloud industry for 2023 announced by Oracle are ▲ continuous increase in enterprises adopting multi-cloud ▲ growth of distributed cloud ▲ rising demand for sovereign cloud ▲ democratization of enterprise data access and analytics ▲ utilization of cloud-based Human Capital Management (HCM) solutions for efficient workforce management ▲ increased necessity for companies to practice ESG.

First, it noted that the financial services industry has recently started using two or more clouds together, and the demand for multi-cloud is expected to continue growing. Additionally, the number of companies wanting to directly choose their cloud deployment methods is increasing. Oracle analyzed that to encourage multi-cloud adoption, cloud providers must build bridges rather than walls between cloud services.

Oracle explained that many countries enforce regulations requiring data to be stored and transmitted domestically, so countries and local governments that must keep data within designated regions should verify that cloud providers have the capabilities to meet key data sovereignty requirements when selecting them.

An Oracle representative stated, "To lead the market in 2023, it is essential to understand and provide the services that companies want, and especially providers that support companies to run workloads in their desired ways will attract attention," adding, "We will strive to provide cloud services where and how customers want."