Software and hardware systems major Oracle India on Tuesday launched world's first database designed for the cloud.
The product, Oracle Database 12c, which is now available in the Indian market, simplifies the process of consolidating databases onto the cloud, enabling customers to manage many databases as one, the company said.
Cloud services allow multiple users to access a single system or software on subscription-based or pay-per-use basis, which help them reduce IT costs.
Oracle also launched storage systems -- Sun ZFS Storage Appliance and Pillar Axiom -- which support multiple applications with different business priorities.
"As organisations embrace the cloud, they seek technologies that will transform business and improve their overall operational agility and effectiveness," Sheshagiri Anegondi, Vice-President, Technology Business at Oracle India, said.
"Oracle Database 12c is a next-generation database designed to meet these needs, providing a new multitenant architecture on top of a fast, scalable, reliable, and secure database platform," he added.
Cloud computing has emerged as a new era in IT sector as it has helped organisations, especially small and medium sized, bring down cost related to computer hardware and softwares.
According to a research firm Gartner, cloud services market is forecast to grow by 36 per cent in 2013 to total USD 443 million.
Public cloud services market is expected to grow by 62 per cent to over USD 160 billion by 2015 globally, according to the research firm.