Oracle, the multinational technology company headquartered in Austin, Texas, has announced its plans to establish a cloud region in Singapore. The move is part of the company’s expansion strategy, which aims to expand into ten additional public regions, apart from the 41 where they are already situated and operating.
This new cloud region will provide clients of Oracle in both the private and public industries with new solutions for infrastructure, innovative data, and applications, access to advanced cloud services, and Artificial Intelligence (AI). All of these services are designed to improve workflow and business continuity through the Oracle Cloud.
Garrett Ilg, President of Oracle in Japan & Asia Pacific, spoke about the importance of this expansion into Singapore. He noted that the second cloud in Singapore will help bridge the gap in cloud services in the region, protect businesses from risks, and drive them towards digital transformation.
The Oracle Cloud in Singapore will provide over 100 OCI services, including the Oracle Autonomous Database, MySQL HeatWave Database Service, Oracle Container Engine for Kubernetes, and Oracle Cloud VMware Solution. These services are cost-efficient and highly accessible, designed to help businesses of all sizes – from small startups to large, publicly-listed corporations – optimize their processes, drive innovation, and revenue.
The establishment of a cloud region in Singapore is timely, given the cloud issues currently being faced in Southeast Asia. According to experts, there are concerns about data sovereignty, security, and the latency of cloud services in the region. With Oracle’s expansion into Singapore, businesses in the region will now have access to advanced cloud solutions that can help address these issues.
As per IDC’s Top ICT Predictions for 2022 and Beyond at IDC FutureScape 2022, the region’s economy is poised for a significant digital transformation, with forecast indicating that by 2023, about 1 in 3 firms will generate over 15 % of their revenue from digital products and services, a noteworthy increase from the 1 in 6 companies that did so in 2020. As a result, cloud technology is expected to become increasingly indispensable for organisations in South East Asia to ensure business continuity and resilience in the face of the challenges posed by the post-pandemic digital-first world.
The expansion into Singapore is a testament to Oracle’s commitment to the Southeast Asian market and the larger global community.