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Monthly TechNews Roundup: Oracle announced its second cloud region in the UAE, Global IT spending to reach $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 January’22.

1. Oracle Cloud Regions to drive innovation across the UAE

Oracle has announced that its second cloud region in the UAE is now live, with the Oracle Cloud Abu Dhabi now joining its Dubai peer in providing a secure, advanced, and agile platform for organisations to leverage the full potential of the latest digital technologies…

2. Global IT spending to reach $4.5 trillion in 2022, says Gartner report

With an increase of 5.1 per cent from 2021, the global IT spending is projected to reach $4.5 trillion this year, a new report has said. Despite the potential impact of the Omicron variant, economic recovery with high expectations for digital market prosperity will continue to boost technology investments, according to market research firm Gartner…

3. Riding high on rapid cloud adoption, India’s SaaS sector is all set to score big in 2022

India’s software-as-a-service industry could reach $1 trillion in value and create nearly half million new jobs by 2030. There are more than a thousand funded startups and 10 unicorns in the country’s SaaS sector, generating as much as $3 billion in annual subscription revenues, according to a report by SaaSBoomi. The number of unicorns could increase 10-fold by 2030, reaching $1 trillion in value, they predict…

4. Oracle opens data centre to provide cloud services across Africa

Oracle opened a data centre in South Africa on Wednesday to provide local cloud services across Africa for the first time, joining the likes of Microsoft and Amazon in setting up facilities in the southernmost country on the continent. Africa will be the U.S. company’s 37th “cloud region” – an area that allows customers to get faster access from a local data centre, in this case in Johannesburg…

5. Microsoft levels up in Metaverse with $70 billion Activision deal

Microsoft’s latest deal with Activision could raise eyebrows over anti-competitive fears. How that will play out is yet to unfold. So far, no one has attempted to build a monopoly in gaming by throwing money to buy out rivals…

6. Amazon (AMZN) Boosts AWS Portfolio with New EC2 Instances

Amazon Web Services (AWS), made its new purpose-built Amazon Elastic Compute Cloud (Amazon EC2) instances — Hpc6a — generally available in a bid to strengthen its compute offerings. Notably, the new instances, backed by 3rd Gen AMD EPYC processors, are designed to run high-performance computing (HPC) workloads at scale in the cloud while delivering up to 65% better price performance…

7. New IDC Spending Guide Forecasts Double-Digit Growth for Investments in Edge Computing

Worldwide spending on edge computing is expected to be $176 billion in 2022, an increase of 14.8% over 2021. Enterprise and service provider spending on hardware, software, and services for edge solutions is forecast to sustain this pace of growth through 2025 when spending will reach nearly $274 billion, according to the International Data Corporation (IDC) Worldwide Edge Spending Guide…

8. Cloud services gain traction amidst third wave

As per IDC, the Cloud market is growing at about 22% annually. The Indian public cloud services market revenue reached $3.6 billion for 2020 and is set to reach $9.5 billion by 2025, growing at a CAGR of 21.5 per cent…

9. India’s cybersecurity services and product industry revenue at USD 9.85 billion in 2021: Report

India’s cybersecurity services and product industry logged a revenue of USD 9.85 billion in 2021 and grew at a compound annual growth rate of about 40 per cent in the last two years, a report by Data Security Council of India (DSCI) said…

10. India’s Public Cloud Services Market to Grow at a CAGR of 24.1% for 2020-25, According to IDC

India’s public cloud services (PCS) market, including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS), revenue totalled $2.2 billion for the first half of 2021 (January-June)…

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