Google’s Cloud Revenue Could Hit $38 Billion by 2025
Google’s cloud computing business is surging under the stewardship of Thomas Kurian. In July, Google revealed that its cloud business makes an average of $8.0 billion in annual revenue. This figure indicates rapid growth in the business. In February, Google said its cloud business was making an average of $4.0 billion in annual revenue.
Deutsche Bank analysts agree that Google’s cloud business is growing impressively. Analysts expect the company’s annual cloud revenue to hit $38 billion by 2025.
Google Cloud expands its sales team and sharpens its enterprise sales focus
Kurian joined Google as head of its cloud business last fall from Oracle, where he’d been for years. As the head of Google Cloud, Kurian has focused on winning over large clients. As we’ve previously discussed, Kurian has brought in former SAP SE executives who are highly experienced in the field of selling to enterprise customers. SAP is a leading German business software company.
In addition to tapping experienced enterprise sales executives, Kurian has also set out to expand Google Cloud’s sales team. The company aims to triple its cloud sales team in the next few years. Right now, the sales team is significantly smaller than those of its competitors Amazon and Microsoft, as we’ve discussed.
Google aims to overtake Microsoft
Currently, Amazon dominates the global cloud computing market. It finished the second quarter with a 33% share of the global cloud market, according to Synergy Research estimates. Microsoft came in a distant second with a 16% share. Google came in third with just an 8.0% share. By expanding its cloud sales team and going for large clients, Google thinks it could beat Microsoft in terms of cloud market share within five years.
European cloud market is a big focus
In addition to enlarging its cloud sales team and sharpening its enterprise sales strategy, Google also continues to invest in expanding its cloud infrastructure and, therefore, its capacity. The global cloud market continues to expand as more organizations embrace cloud computing. The revenue opportunity in the global cloud market will surpass $331 billion by 2022, according to Gartner predictions. The global cloud market was worth $182.4 billion in 2018.
In pursuit of cloud dollars, Europe has become a particularly major area of focus for Google. According to the company, its cloud revenue is growing faster in Europe than in any other part of the world. Google will spend $3.3 billion on expanding its cloud capacity across Europe in the next two years.
- New Business Hunter - Global Telecom Services
- up to €90,000 base plus €60,000 OTE (some flexibility)
New Business Hunter - Telecom Services Salary up to €90,000 base plus €60,000 OTE Location: Munich Reference RA7379 Our client a leading Global Telecoms Provider are looking for an ambitious New Business Hunter to be based in Germany, targeting Germany HQ enterprises business who are looking to expand or develop their presence in the Asian markets, you will be able to sell across their full portfolio of services, from Global Connectivity, Cloud, Security and SDWAN solutions As the New Business Hunter you will be responsible for the development of new Logo accounts, focusing on growing these from initial introduction through to established customer Responsibilities: • Maintaining and developing relationships with targeted companies • Identifying opportunities to grow revenue • Generating revenue growth within new Logo customers via telephone and face to face contact, web meetings and when necessary face to face visits Skills and experience: • Fluent German and English verbal and written skills are imperative • Experience in the Telecoms/networking industry is a must • Proven new business experience and able to show how you would target, approach and win a customer • Aptitude for achieving individual revenue and key performance targets. • Proven negotiations skills. Telecoms Jobs | Telecommunications Jobs | Telecommunications Jobs
- *Active role* Relativity eDiscovery Digital Cyber Forensic
*Active role* Relativity eDiscovery Digital Cyber Forensic, London, £70,000 *Able to interview and hire* Relativity eDiscovery specialist needed in London. Relativity eDiscovery specialist, who would need full hands on consulting / technical EDRM experience, will join a client facing management consulting team in London (not big 4). This specialist eDiscovery team will work alongside the Digital forensics and cyber Incident response business units in helping their clients through the full EDRM cycle. Experience in troubleshooting, optimising and improving analytics (structured / conceptual) are an essential and needed skillset. This specialist Relativity consultant is needed due to a continued increase in demand and complexity of projects. Identification and collection experience is important but not a critical aspect of the role. Whilst training and development is a key focus for the client, the Relativity eDiscovery specialist must be able to ‘hit the ground running’. This individual commutable to London based as the role will be predominately office based Relativity Analytics Specialist Relativity Processing Specialist Relativity Certified User Relativity Infrastructure Specialist Relativity Certified Administrator (RCA) Fluency one or more European languages is desirable but not essential. All details kept in the strictest of confidence. Contact me on Chris.firstname.lastname@example.org 07884666351 or 02086634030