Study Finds Midmarket Businesses Leveraging Cloud To Compete Big Players

Cloud Computing News

Study_Finds-Midmarket-Businesses-Leveraging-Cloud-To-Compete-Big-Players Study Finds Midmarket Businesses Leveraging Cloud To Compete Big PlayersAccording to the latest report published by Information Services Group (ISG), small and medium-sized businesses across the Americas are making audacious moves to the Cloud to vie with larger enterprises. The ISG Provider Lens™ Study, titled Cloud Transformation/Operation Services & XaaS 2019 found that several large enterprises are striving to replace their traditional IT systems for more ground-breaking business models. However, smaller businesses realize the Cloud offering them easily accessible and affordable tools like analytics and cognitive computing.

Partner and global leader of ISG Research, Esteban Herrera stated that infrastructure costs and access to technology, in past, were once blockades to competition, but the Cloud enables access to a wide range of software, platforms, and services. The latest ISG Provider Lens report detailed the Cloud service provision in 17 markets across the Americas. Besides the developed markets of the U.S. and Canada, the report also wrapped up 9 South American countries, four Central American countries, and Mexico. The report also noted that these developing markets tackle complexities in technology investments, but Cloud services leave enterprises from expensive infrastructure investment and enable all-sized businesses to boost production and develop economic equality. As per the report, several large enterprises are leveraging a Hybrid Cloud model because of the difficulty of shifting some traditional systems to the Cloud. Enterprises are also looking at advantages by utilizing PaaS (Platform-as-a-Service) offerings from specialized providers. In the meantime, several midmarket businesses are migrating to a single Cloud. They perceive the benefit of shifting to SaaS (Software-as-a-service), including SaaS ERP and CRM to reinstate traditional corporate solutions.

The report also found a mounting dependency on cloud consulting services, because companies can’t continue with intricacy and the thousands of offerings released every year by the hyper-scale and other public cloud providers. The ISG Provider Lens™ Study assesses the capabilities of 24 Cloud transformations and XaaS providers across four quadrants- Public Cloud Transformation, iPaaS – Public Cloud Hyperscaler, Managed Public Cloud Services, and IaaS – Enterprise Cloud. However, IBM has led all four quadrants, while Capgemini, Accenture, Cognizant, and TCS were in the second position.