US software giant Oracle has entered into a partnership with BT to grow its cloud computing business.
Oracle customers will be able to get on to it’s cloud through BT’s network.
After a late entry to the cloud market Oracle is now locked in a battle with Microsoft, Google, IBM, and Amazon for market share of the lucrative new industry has recently emerged as a money spinner for the world’s tech giants.
The cloud race was triggered by the rapid growth of Amazon’s data hosting arm, Amazon Web Services (AWS) which severely undercut competitor prices. AWS is the fastest-growing enterprise software company of all time, bringing in revenue of $7.9bn (£5.6bn) in 2015 and is expected to grow by as much as 50 per cent this year.
Thomas Kurian, president of product development at Oracle, said:
Cloud is the fastest growing part of Oracle’s business.
Oracle is one of the world’s top five cloud providers, with 70m users and 34bn transactions each day across 19 global data centres.
“Direct and reliable access to data and applications hosted in cloud environments has become critical to organisations as they embark on their digital transformation journeys,” said Luis Alvarez, chief executive of BT global services.
Earlier this year Google said it will expand its Google Cloud Platform to 12 more regions between now and the end of 2017, opening new data centres in each of the regions.