Global cloud comms revenue to grow at 18.3% CAGR over 2022-2027

Cloud communications is expected to witness a substantial growth over the next five years, as businesses are switching from legacy PBX solutions to cloud communications and opting for a pay-as-you-go model to optimise expenses and avoiding upfront investments.

Against this backdrop, the cloud communications market size is anticipated to grow at a compound annual growth rate of 18.3% from $78 billion in 2022 to $180.7 billion in 2027, forecasts GlobalData, a data and analytics...

9 October 2023 | Banking & Finance

Alibaba launches ‘Data-as-a-Service’ firm Lingyang

Alibaba has spun out a “Data-as-a-Service” (DaaS) business called Lingyang Intelligent Service Company.

Lingyang will offer solutions to enterprises that were initially developed for Alibaba.

“The launch of the new firm is an important step taken by Alibaba after long-term consideration,” said Daniel Zhang, Chairman and CEO of Alibaba.

The team behind Lingyang has vast experience supporting Alibaba’s Double 11 Data Big Screen and 88VIP initiatives....

30 June 2022 | Alibaba Cloud