The Worldwide Public Cloud Services End-User Spending Forecast reports that end-user spending will reach billions in the coming years. The ongoing growth of cloud technology showcases its increasing importance in the tech landscape. This is based on adopting cloud computing, digital transformation efforts, and the demand for flexible and scalable computing resources. With F33, you can monetize on this growth and keep up with the need for cloud services.
The cloud marketplace industry is growing at an unprecedented pace. The projection will reach $45 billion by 2025, with an 84% compound annual growth rate (CAGR). The pandemic accelerated what started as a future trend, with leading hyperscalers in cloud marketplaces such as Amazon Web Services, Microsoft, and Google Cloud. As traditional channels face competition, customers increasingly rely on trusted partners to navigate complex technologies in marketplaces.
With the right partner, you can onboard your offerings in a cloud marketplace in weeks.
Enterprise customers use their existing Cloud Commitments to purchase your solution.
Sellers at cloud marketplaces get paid when you get paid, incentivizing them to work with you to accelerate deals.
Cloud marketplaces provide unparalleled global reach for your product so you can tap into new markets faster.
Cloud marketplaces provide a cost-effective distribution channel for cloud sellers without worrying about extensive infrastructure.
Cloud marketplaces offer powerful analytics to track usage, identify opportunities to upsell, and increase customer retention.
Your customers can allocate pre-committed budgets from their Cloud Commitments to purchase your solution quickly and easily.
The DIY option requires the ISV to develop and manage its listing on the cloud marketplace. This challenging and time-consuming option may require trial and error, resulting in delays and mistakes. However, this option can give the ISV complete control over the listing
The SaaS company option involves partnering with a third-party provider specializing in creating and managing cloud marketplace listings. These companies typically offer middleware compatible with many products on multiple cloud platforms, saving the ISV time and effort.
A service company option is working with a third-party cloud service provider, like F33, in creating and managing cloud marketplace listings. This can streamline the listing process and ensure that they meet all requirements. The timeline for this option is typically shorter, taking as little as six weeks.
Look at our Marketplace Readiness Checklist to ensure you’re all set before the big launch.
There are several reasons why businesses and individuals use cloud marketplaces:
The future of cloud marketplaces is primed for even more explosive growth. Businesses of all sizes increasingly turn to digital solutions to power their operations and fulfill customer needs. The efficiencies and speeds required in the present world have driven demand for cloud services as an easily accessible, cost-effective solution. The benefits are clear — with pre-packaged services, businesses can define what they need, purchase it, and deploy it within weeks.
Based on a report by McKinsey, over 35% of B2B buyers are comfortable spending up to $500,000 through entirely digital channels. Additionally, more than 70% of buyers prefer digital transactions over in-person interactions. These trends point to a future with an increasingly digitalized, automated B2B commerce.
Here are some trends that are shaping the future of cloud marketplaces:
F33 provides solutions for maximizing revenue on cloud marketplaces. Our team of certified professionals can:
F33 offers comprehensive AI/ML solutions to help businesses solve complex problems. We provide our clients access to platform credits, product experts, dedicated support, and marketing resources. Companies that work with us can benefit from the following:
F33 is a cloud and marketplace expert that provides a comprehensive suite of services to help businesses create, manage and publish their offers in cloud marketplaces. We help ISVs quickly deploy enterprise-grade cloud solutions on top cloud marketplace platforms. Our services include:
Our team is experienced in all aspects of cloud marketplace offers and is here to help you succeed. We have the expertise to develop a comprehensive strategy, deliver compliant solutions, and optimize your offer’s performance. Contact us today to learn how we can help you maximize your success on cloud marketplaces.
No, you do not need a partner to help you sell on the cloud marketplace. If you meet the requirements, you can sign up as a vendor and list your product or service on the marketplace. However, working with an expert can be a great advantage if you want to get the most out of your product or service.
With the help of a service company like F33, you can choose the right product or service to list first in the Marketplace, set it up efficiently, and implement a GTM enablement strategy that maximizes revenue.
Contact us to learn how we can help you launch and sell products on the cloud marketplace.
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