• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Oracle unveils first cloud region in Southeast Europe

Oracle unveils first cloud region in Southeast Europe

Oracle unveils first cloud region in Southeast Europe
Photo from LinkedIn/Bojan Jevtic

CALIFORNIA, UNITED STATES — Cloud technology company Oracle Corporation has opened its Oracle Cloud Jovanovac Region in Kragujevac, Serbia, marking its first cloud region in Southeast Europe. 

The move caters to the growing cloud computing demands of Serbia’s private and public sector organizations across the region. This also positions Serbia as a regional technology transformation leader and an attractive destination for foreign IT investments.

The launch event was hosted by Kenneth Johansen, Oracle’s senior vice president for Cloud Technology in Northern and Eastern Europe. 

“Local organizations and public institutions are taking firm steps to establish Serbia as a country focused on technology-driven innovation,” explained Johansen. 

The Oracle Cloud Jovanovac Region aligns with OCI’s distributed cloud strategy. 

According to Nasdaq, Oracle’s growth in the cloud computing market has been steadily increasing, but its market share lags behind its competitors.

Citing an AAG report, Nasdaq explained that revenues from 2021 to 2022 for cloud infrastructure services reached $191 billion. Amazon.com’s Amazon Web Services (“AWS”) holds the largest market share with 32%, with Microsoft Azure following closely behind with 23%, Alphabet’s Google Cloud with 10%, and Oracle Cloud Infrastructure with only 3.8%.

Nasdaq added that businesses have been diversifying their cloud spending across multiple providers to mitigate risks and avoid being dependent on a single provider for all their cloud needs.

Headquartered in the United States, Oracle offers over 100 cloud services across 42 commercial and government cloud regions in 23 countries.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image