Enterprises are transforming their core business processes by integrating generative AI capabilities into the cloud. They are boosting developer productivity with AI coding assistants, creating industry-specific cloud solutions, and enhancing their serverless and containerization capabilities. On the other hand, leading cloud platform vendors are evolving rapidly, focusing on owning entire solution stacks, from hardware AI chips and middleware support, including foundation models for generative AI, to enterprise applications. They are also shifting their focus from delivering traditional data sovereignty to holistic digital sovereignty capabilities to address compliance and regulatory requirements.
Both demand-side and supply-side trends are covered in our Cloud Platforms 2024 Market Insights™ and Cloud Platforms 2024 RadarView™ , respectively. These reports present a comprehensive study of cloud platform providers and closely examine market leaders, innovators, disruptors, and challengers.
Avasant evaluated 10 providers using three dimensions: product maturity, enterprise adaptability, and innovation road map. Of these, we recognized seven providers who brought the most value to the market over the past 12 months.
The RadarView recognizes platform providers in four categories:
-
- Leaders: AWS, Google, and Microsoft
- Innovators: IBM
- Disruptors: Oracle
- Challengers: DigitalOcean and OVHcloud
The following figure from the full report illustrates these categories:
“Cloud platforms have become the launch pad for Gen AI solutions, and the leading vendors are using full-stack capabilities to lure enterprises,” said Anupam Govil, managing partner with Avasant. “While cloud consumption costs remain paramount, rapid maturing of Gen AI will drive hyperscaler growth for the next decade.”
The reports provide a number of findings, including the following:
-
- Hyperscalers are incorporating generative AI-based chatbots into their existing platforms and applications to improve user productivity. These chatbots are integrated into their BI platforms, contact center solutions, and workspace applications predominantly for text summarization.
- Cloud platform providers are significantly investing in training initiatives to expedite AI adoption among enterprises. These providers offer skills training with AI and generative AI courses and focus on responsible AI deployment.
- Enterprises have adopted generative AI to optimize core organizational functions. They leverage generative AI to enhance operational efficiency, automate customer interactions, accelerate biological research, and improve employee productivity.
- Organizations are persistently enhancing their focus on serverless computing and containerization capabilities. These initiatives enable enterprises to embrace modern, scalable solutions to address complex business challenges and unlock new opportunities for growth.
“Enterprises’ rising demand for digital sovereignty reflects a shift toward ensuring comprehensive control and compliance over data, operations, and software,” said Dhanusha Ramakrishnan, lead analyst at Avasant. “Digital sovereignty helps businesses navigate regulatory complexities and foster trust and resilience in digital operations.”
The Cloud Platforms 2024 RadarView™ also features profiles of the seven cloud platform providers, including their solutions, offerings, and experience in assisting enterprises with cloud adoption.
This Research Byte provides a brief overview of Cloud Platforms 2024 Market Insights™ and Cloud Platforms 2024 RadarView™ (click for pricing).