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Monthly TechNews Roundup: Oracle and Microsoft Unveils Multi-Cloud Database Service, Worldwide IT spending is projected to total $4.5 trillion in 2022 & more

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Clover Infotech brings to you a curated round-up of important technology updates of the month July’22.

1. Oracle and Microsoft announce availability of Oracle Database Service for Microsoft Azure

Now you can run mission-critical enterprise workloads across OCI and Microsoft Azure. Oracle Corp and Microsoft Corp have announced the general availability of Oracle Database Service for Microsoft Azure…

2. Gartner Forecasts Worldwide IT Spending to Grow 3% in 2022

Worldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 3% from 2021, according to the latest forecast by Gartner, Inc. While IT spending is expected to grow in 2022, it will be at a much slower pace than 2021 due to spending cutbacks on PCs, tablets and printers by consumers, causing spending on devices to shrink 5%…

3. India’s SaaS market to be valued at $50 billion by 2030, says study

With $4.8 billion in venture capital invested in the industry in 2021, nearly 3 times as much as in 2020, the SaaS market in India has already reached a critical turning point, noted a report by Bessemer Venture Partners…

4. Large-scale cloud adoption can contribute $380 billion to India’s GDP by 2026: Nasscom

The report states such adoption could add 14 million direct and indirect employment opportunities. At 44% CAGR (2016-2021E), the Indian cloud market has outpaced the global market in terms of growth rate, with factors such as the growing digital population, inflow of investments, digitisation of enterprises, and favourable government policies accelerating India’s cloud growth…

5. Cybersecurity Market Size to Grow by USD 189.70 Bn: Technavio

The cybersecurity market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The cybersecurity market size is expected to grow by USD 189.70 billion from 2020 to 2025. In addition, the market will accelerate at a CAGR of 14.97% during the forecast period…

6. Cybersecurity: Data loss a serious issue for businesses

A recent global Dell Technologies study, the Dell Technologies Data Protection Index, reported that 53% of businesses in India are far from their digital transformation goals. According to it, Indian businesses lack confidence to manage mission-critical data…

7. Fraud Detection and Prevention Market Size is projected to reach USD 190 billion by 2030: Straits Research

The global fraud detection and prevention market size was valued at USD 29.2 Billion in 2021 and is expected to reach USD 190.93 billion in 2030 expanding at a compound annual growth rate (CAGR) of 23.2% from 2022 to 2030…

8. 40% of employees in India will need reskilling in the next five years:

The job market in India is outgrowing traditional job roles with the advent of new age tech and in the next five years, 40% of Indian employees will need reskilling and 60% will need to upskill to be market ready, according to job data analysed by…

9. SAP forays into Metaverse to accelerate Cloud adoption in India

SAP, an enterprise application software and cloud solutions provider, has announced its foray into Metaverse to accelerate its cloud adoption journey for Indian enterprises. Designed to engage ‘digital-first audiences,’ the interactive and immersive ‘cloud on wheels’ platform would enable customers across phases of their digital transformation, the company said…

10. Google Cloud and Oracle servers suffer cooling breakdowns during UK heatwave

Google Cloud and Oracle servers located in the UK struggled with cooling-related outages July 19 as the country experienced record-breaking heat that reached as high as 104 degrees Fahrenheit (40 degrees Celsius). Both companies blame temperature for the unexpected shutdowns.


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