Security, Reliability Point to Growth in Swiss Public Cloud
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Switzerland's public cloud market is showcasing a strong emphasis on security, reliability and quality of service, which are critical factors for businesses considering cloud adoption. The emphasis on high-security standards and robust data center availability is particularly important for enterprises in sectors like finance and healthcare, where data protection is paramount. The growth of the public cloud market in this region, although not as rapid as the global market, indicates a steady demand for cloud services that comply with stringent data protection laws, such as the General Data Protection Regulation (GDPR).
For businesses, the implications of these findings are significant. Companies that prioritize data security and seek to leverage cloud infrastructures can view Switzerland as a viable location for their data management needs. This can lead to a competitive advantage for Swiss-based cloud service providers and may attract international businesses looking for a centralized European location that aligns with their data security requirements.
The growth potential identified in the ISG report for Switzerland's public cloud market could translate into investment opportunities within the technology sector. Investors might look closely at companies that are positioned to capitalize on this trend, particularly those that offer cloud optimization services and have a strong presence in the region. As cloud adoption increases, there is potential for revenue growth among cloud service providers, which could positively affect their stock valuations over time.
However, investors should also consider the slower expansion rate of the Swiss market compared to the global market. It is essential to analyze the specific strategies of cloud service providers to determine how they plan to capture market share and scale their operations in this environment. Companies that can navigate the regulatory landscape and offer tailored solutions to meet the high-security demands of Swiss customers may have a competitive edge.
The report's insights into Switzerland's cloud services landscape underscore the importance of cloud optimization for businesses operating in multicloud environments. As companies increasingly move business-critical workloads to the cloud, the ability to manage these resources efficiently becomes crucial for operational performance and cost management.
Cloud optimization not only involves selecting the right service models and providers but also continuous monitoring and adjusting of resources to meet changing demands. For Swiss enterprises and multinational companies with Swiss operations, the availability of optimized cloud services can lead to enhanced agility and better alignment with business objectives. Service providers that can deliver high-quality, optimized cloud solutions are likely to see increased demand as businesses seek to leverage the advantages of cloud computing without compromising on security and compliance.
As enterprises increasingly turn to a multicloud architecture, the need for cloud optimization becomes steadily more important, ISG Provider Lens™ report says
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A reputation for security, reliability and overall quality of service are all factors driving the growth of the public cloud market in
The 2023 ISG Provider Lens™ Multi Public Cloud Services report for
“Moving business-critical workloads to the cloud is becoming increasingly relevant,” said Dr. Matthias Paletta, director, technology modernization, for ISG EMEA. “Switzerland offers numerous opportunities for service providers with a clear focus on quality and service orientation.”
Driven by concerns about vendor lock-in, companies are adopting a multicloud strategy in growing numbers, the ISG report says. In fact, ISG estimates that almost three-quarters of public cloud customers globally use a multicloud environment, a trend that is expected to continue.
Of course, an increased use of cloud services also means a rise in cloud costs — a fact that enterprises cannot ignore, the ISG report says. Enter FinOps, a concept that has rapidly gained prominence as a means of optimizing cloud usage and expenses, the report says.
Providers of FinOps and Cloud Optimization services offer strategies to identify resources to better control IT spending and establish mechanisms for reporting spending, governance and compliance, the ISG report says. According to the report, the leaders in this area use advanced AI to detect anomalies in cloud usage and associated costs and suggest architectural changes, enabling enterprises to benefit from higher performance and lower costs.
“A smooth process is difficult to imagine without FinOps,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “It has become an elementary component of every managed services contract, making it of utmost importance.”
The report also examines how enterprises are turning to showback and chargeback models for greater transparency in cloud costs.
The 2023 ISG Provider Lens™ Multi Public Cloud Services report for
The report names Swisscom as a Leader in six quadrants, while Accenture, Aveniq and UMB are named as Leaders in four quadrants. Capgemini and ti&m are named as Leaders in three quadrants each, while AWS, Kyndryl and Microsoft are named as Leaders in two quadrants each. Atos, BitHawk, Claranet, Eviden, Google, IBM/IBM (Nordcloud), Infosys, itesys, Netcloud and Wipro are named as Leaders in one quadrant each.
In addition, ELCA/EveryWare is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in two quadrants, while HCLTech and Infomaniak are named as Rising Stars in one quadrant each.
Customized versions of the report are available from itesys and UMB AG.
The 2023 ISG Provider Lens™ Multi Public Cloud Services report for
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across
A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240110375266/en/
Philipp Jaensch, ISG
+49 151 730 365 76
philipp.jaensch@isg-one.com
Matthias Longo, for ISG
+49 152 341 464 63
matthias@longo-pr.de
Source: Information Services Group, Inc.
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