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VMware Ranks No. 1 in Worldwide Cloud Cost Transparency Software
PALO ALTO, Calif.–(BUSINESS WIRE)– VMware, Inc. (NYSE: VMW) today announced that leading analyst firm IDC has ranked VMware No. 1 in worldwide cloud cost transparency software based on IDC calculations of calendar year 2020 revenues.(1) As cloud adoption continues, cloud spending and transparency are top focus areas for enterprises. This recognition demonstrates VMware’s commitment to …
Wed, 02 Mar 2022 00:00:00
“The rapid adoption of public cloud has introduced many opportunities, but it has also resulted in unexpected costs, for companies. Greater transparency can help companies invest in the right multi-cloud strategy and technology to drive better business outcomes,” said
“Cloud cost transparency products will enable enterprises to adopt modern organizational models more quickly, including FinOps. In addition, having a single tool to optimize current cloud spending and better surface and forecast new projects will allow enterprises to realize the benefits of the cloud model fully,” said
Leading in Cloud Cost Transparency
The IDC report, “Worldwide Cloud Cost Transparency Software Market Shares, 2020: Product Innovation Drives Rapid Growth,” analyzes 2020 vendor shares and activity across worldwide product offerings, while providing a competitive view of leading vendors. According to the report, in 2020,
IDC noted that
Read an excerpt of the IDC market share report (registration required) at:
Additional Resources
About VMware Cross-Cloud Services
VMware Cross-Cloud services is a portfolio of multi-cloud services to build, run and manage applications across any cloud. With VMware Cross-Cloud services, customers drive digital innovation with enterprise control. The benefits of VMware Cross-Cloud services include accelerating application modernization, migrating workloads faster to the cloud, adopting a cloud operating model for their entire organization, and more securely and efficiently supporting a distributed workforce.
About
(1) IDC, “Worldwide Cloud Cost Transparency Software Market Shares, 2020: Product Innovation Drives Rapid Growth,” doc #US48074121,
View source version on businesswire.com: https://www.businesswire.com/news/home/20220302005371/en/
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