Find stats on top websites
Industry Landscape
The enterprise technology industry is experiencing robust growth driven by digital transformation, cloud adoption, and AI integration. Companies are heavily investing in scalable, secure, and integrated solutions to enhance operational efficiency and competitive advantage. Cybersecurity remains a critical concern, alongside the need for skilled IT professionals. Competition is intense, especially from major cloud providers and open-source alternatives, pushing continuous innovation and solution diversification.
Total Assets Under Management (AUM)
Cloud Computing Market Size in United States
~Approx. $200 billion (2023)
(15-20% CAGR)
- Increased adoption of public and hybrid cloud solutions.
- Growing demand for SaaS, PaaS, and IaaS.
- Expansion of data analytics and AI/ML workloads.
Total Addressable Market
Approx. $1.5 trillion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI will enable enterprises to automate complex content creation, code generation, and personalized customer experiences, significantly boosting productivity and innovation across various business functions.
Edge Computing
Edge computing will decentralize data processing closer to the source, reducing latency and bandwidth usage while enabling real-time analytics for IoT devices and distributed applications.
Quantum Computing
While still nascent, quantum computing has the potential to revolutionize complex problem-solving in areas like cryptography, drug discovery, and optimization, offering unprecedented computational power.
Impactful Policy Frameworks
NIST AI Risk Management Framework (AI RMF 1.0) 2023
The NIST AI Risk Management Framework (AI RMF 1.0), published in January 2023, provides voluntary guidance for organizations to manage risks associated with artificial intelligence systems, focusing on trustworthy AI development and deployment.
This framework will guide Oracle in developing and deploying AI solutions responsibly, impacting product design, internal processes, and customer assurance regarding AI ethics and transparency.
Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (October 2023)
President Biden's Executive Order, issued in October 2023, directs federal agencies to establish new standards for AI safety and security, protect privacy, advance equity, and promote responsible AI innovation.
This executive order will necessitate Oracle to ensure its AI offerings comply with evolving federal guidelines on safety, privacy, and security, influencing R&D priorities and compliance efforts.
Cybersecurity and Infrastructure Security Agency (CISA) Shields Up initiative (2022-present)
CISA's 'Shields Up' initiative, ongoing since early 2022, urges U.S. organizations to strengthen their cybersecurity postures in response to evolving geopolitical threats, providing guidance and resources for cyber defense.
This initiative drives increased demand for Oracle's cybersecurity products and services, pushing the company to enhance the security features and resilience of its cloud and software offerings to meet heightened customer needs.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
