Oracle starts cloud software offerings from its India data centre

Software giant Oracle is betting big on India, with the launch of its cloud offerings from its India data centre, which now gives the tech firm access to regulated industries such as banking, telecom and the public sector.

Nearly half a billion dollar SaaS market is up for grabs for Oracle through the new service, senior executives indicate.

On Tuesday, Oracle formally opened up its cloud applications available through the company’s Gen 2 Cloud region in Mumbai, which came into operations in October.

The new service will help Oracle migrate existing users to cloud, and provide smaller companies cheaper cloud offerings, thereby giving them access to recurring revenues, instead of one-time contracts.