IoT market has grown into a mature $5 billion market over the last five years, according to IoT Analytics, a leading provider of market insights and competitive intelligence for the Internet of Things (IoT) and Industry 4.0.
Cloud and Enterprise Business
Network intelligence and automation company Kenmei Technologies announced that it has partnered with Vodafone Group on its “Digital Network Program”, with the aim of reducing operational costs, improving customer experience and increasing revenues.
To further their commitment towards the Middle Eastern enterprise market with access to top tier SD-WAN and SASE products for the digital transformation, GBI (Gulf Bridge International), a global cloud, connectivity, and content enabler, and Versa Networks, the leader in SASE, are collaborating with the Versa ACE Partner Program.
Through the partnership between Huawei and Bespin Global, HUAWEI CLOUD will provide ubiquitous cloud and intelligence to Middle East enterprises.
PCCW Solutions, the IT services flagship of PCCW Limited, has launched Infinitum Communications Suite (ICS), a cloud-native platform with fully-integrated business and operations support system solutions to help communications service providers (CSPs) quickly launch new offerings, transform digital engagement and drive operational excellence.
Acronis announced that it has received more than $250 million funding round from CVC Capital Partners VII and other investors. Acronis will use the funds to further accelerate growth by expanding its unique portfolio of natively integrated cyber protection products. A significant portion of the investment will also be used to further enhance Acronis’ go-to-market initiatives by expanding its broad partner network – most notably managed service providers (MSPs) – to help them better serve the cyber protection needs of their clients. The investment values the company at more than $2.5 billion.
The Saudi Arabia cloud computing market is expected to generate a compound annual growth rate (CAGR) of 35.5% between 2021-2030, according to QuantAlign Research. The Kingdom’s sustained growth in the cloud computing market can be attributed to the increasing expenditure on information technology and growing demand for data digitalization across various industries.
The acceleration of digital transformation over the last 12 month, the rebound in some economies, in line with government stimuli, the roll-out of mass COVID-19 vaccination programs and subsequent easing of restrictions saw cloud infrastructure services spending to grow 35% to US$41.8 billion in the first quarter of 2021.
Google Cloud and SpaceX will leverage Starlink's ability to provide high-speed broadband internet and Google Cloud's infrastructure to deliver data, cloud services, and applications to customers at the network edge around the world.
Red Hat Enterprise Linux 8.4 serves as a powerful foundation for the open hybrid cloud, from the data center to the edge. Red Hat presents new capabilities and enhancements to its world’s leading enterprise Linux platform.