Analysts at Barclays believe that customer acceptance is Oracle’s last big hurdle when it comes to the success of its cloud product, according to a note published Tuesday.
Oracle has been slow to keep up with more aggressive competitors like Amazon Web Services and Microsoft Azure.
Nonetheless, Barclays said they are convinced that the “enterprise nature” of Oracle’s cloud offering brings something to the table for businesses that its competitors can’t.
Oracle was late to the game in the booming market for enterprise cloud services. But according to a recent note from Barclays, Oracle now has all the pieces in place to begin mounting a serious challenge to the likes of Amazon, Microsoft and Google.
“We now see more detailed information about the offering, showcasing the enterprise nature of the Oracle Cloud but also closing the feature/function gap with other cloud providers,” writes Barclays analyst Raimo Lenschow.
The only thing missing: Convincing customers that Oracle is a player.
After a flurry of recent product updates and other progress showcased by Oracle at its CloudWorld conference in New York City on Monday, Barclays reckons the company has a better shot at convincing customers than ever before.
“The last missing piece is …read more
Source:: Businessinsider – Finance