Mark Hurd: We’re The Fastest Growing Cloud Company

by ThePercept 0

OpenWorld Once again, Oracle’s co-CEO Mark Hurd was in a prognosticative mood during his OpenWorld keynote, but the crowd of attendees wasn’t buying it.

As he did last year, Hurd made some predictions as to where the industry was going on cloud computing by the year 2025, including that two companies would control 80 per cent of the software-as-a-service (SaaS) market by then, and that Oracle would be one of them.

This year he added to that list, saying that by 2025:

  • Eighty per cent of IT spending would be on cloud services.
  • The number of company-owned data centers would drop by 80 per cent.
  • The remaining 20 per cent would only host legacy systems for which there wasn’t a commercial alternative.
  • Spending on IT maintenance would drop down to 20 per cent of IT spend.