US based tech firm Oracle has today announced the opening of its first digital hub in the Asia-Pacific region, to be located in the city of Bengaluru, India. The company claim the hub will be central in their efforts to enhance the cloud computing experience and resources of small and medium scale enterprises across the Indian subcontinent.
The construction of the new Bengaluru hub, while being the first of its kind for Oracle in the country, is only the beginning, as far as the company’s regional cloud computing ambitions are concerned. The demand for managed cloud based solutions like software-as-a-service (SaaS), platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) has demonstrated exponential year-on-year increase in Pacific Asia. This has resulted in Oracle’s long-term strategy to construct four similar digital hubs in Singapore, Sydney, Seoul and Beijing over the coming years.
Although Oracle’s cloud offerings are relatively new to the market and face potentially intimidating competition, Managing Director for Oracle India, Shailender Kumar, believes his company will withstand any challenges they are likely to encounter:
There are over 51 million SMBs in India, many of whom haven’t worked with Oracle or used cloud before. They now have access to the most modern solutions in the market, available online, direct via the hub and through our expanded end-to-end ecosystem, working with the vast network in India.
There are companies like Amazon and Microsoft. But we have very big differentiation. We have a complete suite that is not provided by anybody else and that is the reason we are the fastest growing cloud company in the market.
Oracle reported that the total revenue from their cloud based operations increased 58% year-over-year to reach USD 1.4 billion in the fiscal fourth quarter of 2017.