TECH SUPPLIER Nov 2019 - Market Perspective - Doc # US45603119

Industry Cloud Opportunities by Industry: A Blossoming Tree of Low-Hanging Fruit

By: Zachary RabelSenior Research Analyst

Abstract

This IDC Market Perspective links the supply of industry clouds to customer demand. Through the industries of financial services, utilities, manufacturing, government, and healthcare, the top 30 demanded IC needs are matched to 50 of the top industry clouds to determine pockets of opportunity. Although many problems are currently being solved through industry clouds, many customer needs remain unfulfilled. Technology vendors and industry players can use the IC lists in this document and the analysis behind them to determine where their strengths align to customer demands. Before winners in the industry cloud race start to emerge, technology vendors must quickly determine the opportunities that grant the most strategic and financial benefit and act.

Industry clouds are cloud-based platform through which multiple companies in an industry collaborate in some fashion toward a common goal such as improving industry insights and/or capabilities.

"Technology vendors and industry players are developing industry clouds for the collective desire to drive industries forward and for the strategic and financial gains associated with gaining critical mass and network effects. To create these platforms, organizations must understand what opportunities exist through an evaluation of what industry participants truly want and what is supplied to them. Gaining visibility into both sides is crucial to determining where investment should be placed." — Zachary Rabel, senior research analyst, Cloud, SaaS, and Industry Cloud


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