SAP Cloud Platform Service

SAP Cloud Platform Service Market Outlook

The global SAP Cloud Platform Service market is projected to reach a valuation of approximately $XX billion by 2035, growing at a compound annual growth rate (CAGR) of YY% from 2025 to 2035. This robust growth can be attributed to the increasing demand for digital transformation across industries, as organizations strive to innovate, enhance operational efficiency, and improve customer experiences. The rapid adoption of cloud technologies, driven by the need for scalability, flexibility, and cost efficiency, further supports this growth trajectory. Additionally, the rising trend of remote work and the need for integrated solutions in a post-pandemic world have significantly fueled the demand for cloud services. Technological advancements in areas such as artificial intelligence and machine learning are also playing a crucial role in shaping the future of the SAP Cloud Platform service market.

Growth Factor of the Market

The growth of the SAP Cloud Platform Service market is heavily influenced by several key factors. Firstly, the digital transformation initiatives undertaken by businesses across various sectors are pushing organizations to invest in cloud solutions that can enhance their operational capabilities. The increasing need for data security and compliance is also driving enterprises to adopt cloud services that provide robust security features and compliance certifications. Furthermore, the growth of the Internet of Things (IoT) and the growing importance of data analytics are compelling organizations to utilize cloud platforms for data processing and storage. The flexibility and scalability offered by cloud solutions allow businesses to adapt quickly to changing market demands, and this agility is becoming essential in today’s fast-paced environment. Lastly, the ongoing global trend towards sustainability is motivating companies to seek cloud solutions that can reduce their carbon footprint and promote environmentally friendly practices.

Key Highlights of the Market

• Increased adoption of cloud solutions among enterprises leading to enhanced operational efficiency.
• Technological advancements in artificial intelligence boosting the capabilities of cloud services.
• Growing emphasis on data security and compliance driving investments in cloud platforms.
• Remote work trends accelerating the demand for integrated cloud solutions.
• Emerging markets showcasing a significant rise in cloud service adoption.

By Service Type

Infrastructure as a Service (IaaS):

Infrastructure as a Service (IaaS) is a pivotal segment of the SAP Cloud Platform Service market, providing businesses with virtualized computing resources over the internet. IaaS allows companies to avoid the costs and complexities associated with purchasing and managing physical servers and data center infrastructure. The scalability and flexibility of IaaS solutions enable organizations to quickly adjust resources based on their needs, making it highly appealing to businesses facing fluctuating workloads. With the rising trend of hybrid cloud environments, companies are increasingly leveraging IaaS to seamlessly integrate their on-premises infrastructure with cloud resources, facilitating a more agile and efficient IT ecosystem. This segment is anticipated to grow as more organizations recognize the importance of a robust and scalable infrastructure in their digital transformation journeys.

Platform as a Service (PaaS):

Platform as a Service (PaaS) is another significant segment within the SAP Cloud Platform Service market, offering a platform that enables developers to create, deploy, and manage applications without the complexity of building and maintaining the underlying infrastructure. PaaS solutions provide businesses with the tools necessary to develop applications rapidly, improve productivity, and reduce time-to-market. By leveraging PaaS, organizations can focus on innovation and the development of new features rather than dealing with the operational aspects of managing infrastructure. This segment is particularly beneficial for businesses that require a collaborative environment for development teams, as it enables multiple developers to work on the same project simultaneously. The growing popularity of microservices architecture and DevOps practices is also driving the adoption of PaaS solutions among enterprises.

Software as a Service (SaaS):

Software as a Service (SaaS) is a crucial component of the SAP Cloud Platform Service market, providing software applications delivered over the internet on a subscription basis. This model allows businesses to access advanced applications without the need for installation and maintenance, thereby reducing both upfront and ongoing IT expenses. The SaaS segment is characterized by the rapid deployment of applications, which can be accessed from any device with an internet connection, promoting mobility and remote work capabilities. Furthermore, SaaS solutions often come with built-in analytics tools that help organizations monitor performance and gain actionable insights. The increasing demand for business applications that facilitate collaboration, customer relationship management, and enterprise resource planning is significantly contributing to the growth of the SaaS segment.

Function as a Service (FaaS):

Function as a Service (FaaS) is emerging as a critical segment in the SAP Cloud Platform Service market, enabling developers to deploy individual functions or pieces of code without the need to manage the underlying server infrastructure. This serverless computing model enhances operational efficiency by allowing businesses to run code in response to events or triggers, thereby optimizing resource consumption. FaaS is particularly beneficial for applications that experience variable workloads, as it enables organizations to pay only for the compute time they consume. The growing adoption of microservices architectures and the need for agile development practices are propelling the demand for FaaS solutions, making it a vital area of focus for cloud service providers.

Integration Services:

Integration Services play a pivotal role in the SAP Cloud Platform Service market, facilitating the seamless connection of applications, data, and processes across different environments. These services enable organizations to integrate their existing on-premises systems with cloud applications, thereby enhancing data flow and operational efficiency. The increasing complexity of IT environments and the need for real-time data accessibility are driving the demand for robust integration solutions. As businesses continue to adopt multiple cloud applications, the importance of integration services grows, allowing companies to create unified systems that support comprehensive data analysis and decision-making processes. Furthermore, the demand for API management and service orchestration is also propelling the growth of this segment.

By Application

Enterprise Resource Planning (ERP):

Enterprise Resource Planning (ERP) applications are essential components of the SAP Cloud Platform Service market, providing integrated management of core business processes. ERP solutions offer organizations a unified system for managing various functions, including finance, HR, manufacturing, and supply chain, ensuring data consistency and enhancing operational efficiency. The growing need for real-time data access and analytics is driving the adoption of cloud-based ERP systems, allowing organizations to make informed decisions based on accurate, up-to-date information. Furthermore, the scalability of cloud ERP solutions enables businesses to adapt their systems as they grow, making this application segment a key driver of market growth.

Customer Relationship Management (CRM):

Customer Relationship Management (CRM) applications are critical for businesses seeking to enhance their customer engagement and relationship-building efforts. By integrating CRM solutions into the SAP Cloud Platform, organizations can gain a comprehensive view of customer interactions, preferences, and behaviors. This data-driven approach enables businesses to tailor their marketing strategies, improve customer service, and ultimately drive sales. The demand for CRM solutions has increased significantly as companies focus on delivering personalized experiences to their customers. Moreover, cloud-based CRM applications offer the flexibility and scalability that businesses need to adapt to changing market conditions and customer expectations.

Supply Chain Management (SCM):

Supply Chain Management (SCM) applications are integral to the SAP Cloud Platform Service market, allowing organizations to manage their supply chain processes efficiently. SCM solutions help businesses optimize their inventory, streamline logistics, and enhance collaboration with suppliers and partners. The rise of e-commerce and the growing complexity of global supply chains are driving the demand for cloud-based SCM solutions. By leveraging real-time data and analytics, organizations can make informed decisions that enhance their supply chain performance and improve customer satisfaction. The ability to integrate SCM applications with other enterprise systems further enhances their effectiveness, making this application segment vital for businesses seeking to improve operational efficiency.

Human Capital Management (HCM):

Human Capital Management (HCM) applications are essential for organizations looking to manage their workforce effectively. HCM solutions provide tools for recruiting, onboarding, performance management, and employee development, all of which are crucial for maintaining a productive workforce. The shift towards remote work and the need for flexible HR solutions are driving the adoption of cloud-based HCM systems, allowing organizations to access critical HR functionalities from anywhere. Additionally, the use of data analytics in HCM applications enables businesses to gain insights into employee performance and engagement, which is essential for making informed HR decisions. As companies continue to prioritize talent management and employee experience, the HCM segment is expected to grow significantly.

Business Intelligence (BI):

Business Intelligence (BI) applications are a crucial segment within the SAP Cloud Platform Service market, providing organizations with the tools necessary to analyze data and derive insights for informed decision-making. BI solutions enable businesses to visualize data trends, track performance metrics, and generate reports that support strategic planning. The increasing volume of data generated by businesses necessitates advanced BI tools that can handle complex data sets and provide real-time insights. Cloud-based BI applications allow organizations to leverage powerful analytics capabilities without the burden of maintaining on-premises infrastructure. As data-driven decision-making becomes imperative in today’s competitive landscape, the demand for cloud-based BI solutions is expected to rise sharply.

By Deployment Mode

Public Cloud:

Public cloud deployment is a widely adopted model in the SAP Cloud Platform Service market, offering businesses access to a shared infrastructure that is managed by a third-party provider. This model provides organizations with the advantages of cost efficiency and scalability, allowing them to pay only for the resources they consume. Public cloud solutions are particularly suitable for businesses with fluctuating workloads or those looking to minimize IT overhead costs. The ability to access a wide range of services and applications without the need for extensive infrastructure investments makes public cloud deployment attractive to small and medium enterprises. However, concerns regarding data security and compliance remain a challenge for some organizations.

Private Cloud:

Private cloud deployment offers organizations a dedicated and secure environment for their cloud services, providing greater control over data and applications. This model is particularly appealing to businesses in regulated industries that require stringent security measures and compliance with industry standards. Private cloud solutions allow organizations to customize their infrastructure and applications to meet their specific needs, ensuring optimal performance and security. As data privacy concerns continue to grow, many organizations are choosing private cloud deployment to maintain greater control over their data. The demand for private cloud solutions is expected to increase as businesses prioritize security and compliance in their cloud strategies.

Hybrid Cloud:

Hybrid cloud deployment combines elements of both public and private cloud models, enabling organizations to leverage the benefits of both environments. This approach allows businesses to maintain sensitive data in a private cloud while utilizing public cloud resources for less-critical workloads. The hybrid cloud model promotes flexibility and scalability, allowing organizations to adapt to changing business needs and optimize their IT investments. The growing trend of digital transformation and the need for seamless integration between on-premises and cloud resources are driving the demand for hybrid cloud solutions. As organizations seek to achieve the right balance between control, cost, and flexibility, the hybrid cloud segment is expected to experience significant growth.

By User

Large Enterprises:

Large enterprises represent a significant segment of the SAP Cloud Platform Service market, characterized by their complex IT environments and diverse operational needs. These organizations often require robust cloud solutions that can support their extensive operations, enhance collaboration among departments, and provide advanced analytics capabilities. The scale of large enterprises necessitates the adoption of cloud services that offer scalability, security, and compliance with industry regulations. Furthermore, large organizations are increasingly leveraging cloud platforms to drive innovation, streamline processes, and improve customer engagement. As digital transformation initiatives gain momentum, the demand for cloud services from large enterprises is expected to rise, contributing significantly to market growth.

Small and Medium Enterprises:

Small and medium enterprises (SMEs) are increasingly recognizing the value of cloud services, making them a vital segment in the SAP Cloud Platform Service market. SMEs often face budget constraints and may lack the resources to maintain extensive on-premises infrastructure, making cloud solutions an attractive option. Cloud platforms offer SMEs access to advanced technologies and tools that can enhance operational efficiency and competitiveness without the need for significant upfront investments. The flexibility and scalability of cloud services enable SMEs to adapt quickly to changing market conditions and customer demands. As more SMEs embrace digital transformation, the demand for cloud services is expected to grow, further driving the overall market.

By Region

The regional analysis of the SAP Cloud Platform Service market reveals distinct trends and opportunities across various geographies. North America currently dominates the market, accounting for approximately XX% of the global market share. The region benefits from a robust technological infrastructure, high cloud adoption rates, and the presence of numerous leading cloud service providers. Additionally, the increasing focus on digital transformation initiatives among enterprises in North America is driving the growth of the SAP Cloud Platform Service market. The CAGR for North America is projected to be YY%, indicating strong growth potential in the coming years. On the other hand, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, driven by the rapid digitization of businesses and the increasing demand for cloud solutions among SMEs.

In Europe, the SAP Cloud Platform Service market is experiencing steady growth, with organizations increasingly turning to cloud services to enhance operational efficiency and comply with data protection regulations. The region's focus on sustainability and digital innovation is also contributing to the rise of cloud adoption among businesses. Latin America and the Middle East & Africa are emerging markets for cloud services, characterized by increasing investments in IT infrastructure and the adoption of cloud-based solutions. These regions present significant growth opportunities for cloud service providers as they seek to meet the demand for innovative and accessible cloud solutions among businesses. Overall, the regional landscape of the SAP Cloud Platform Service market is diverse, with each region contributing to the overall growth of the industry.

Opportunities

The SAP Cloud Platform Service market is poised for significant opportunities driven by the increasing demand for digital transformation across industries. Organizations are recognizing the need to innovate and enhance their operational capabilities to remain competitive in a rapidly changing business landscape. Cloud services offer the agility and flexibility that businesses require to adapt to evolving customer demands and market trends. As companies continue to seek ways to streamline their operations and improve collaboration among teams, the demand for integrated cloud solutions is expected to rise. Furthermore, the growing emphasis on data analytics and business intelligence presents a substantial opportunity for cloud service providers to offer advanced analytics capabilities that empower organizations to make data-driven decisions and optimize their performance.

Another significant opportunity lies in the rising trend of artificial intelligence (AI) and machine learning (ML) integration within cloud platforms. Organizations are increasingly looking to harness the power of AI and ML to improve automation, enhance customer experiences, and drive innovation. Cloud service providers that can offer AI-driven solutions and tools will be well-positioned to capture a larger share of the market. Additionally, the growing importance of sustainability and environmentally friendly practices is compelling businesses to adopt cloud solutions that can reduce their carbon footprint. By promoting their cloud services as sustainable alternatives to traditional IT infrastructure, providers can tap into a growing market segment that prioritizes environmental responsibility.

Threats

While the SAP Cloud Platform Service market presents significant growth prospects, it is not without threats that could impede its progress. One of the primary concerns is the increasing competition among cloud service providers, which can lead to price wars and reduced profit margins. As more companies enter the market and existing providers expand their offerings, maintaining a competitive edge becomes challenging. Additionally, the rapid pace of technological advancements means that providers must continuously innovate and adapt their services to meet changing customer expectations. Failure to keep up with the latest trends and technologies can result in a loss of market share and customer loyalty.

Data security and privacy concerns also pose a significant threat to the growth of the SAP Cloud Platform Service market. As organizations migrate sensitive data to the cloud, they face increased risks related to data breaches and cyberattacks. Compliance with data protection regulations, such as GDPR, adds complexity to cloud adoption, as businesses must ensure that their cloud providers meet stringent security standards. Any incidents of data breaches can erode customer trust and lead to legal repercussions, further hindering market growth. As a result, cloud service providers must prioritize security measures and build robust frameworks to protect customer data and ensure compliance with regulations.

Competitor Outlook

• SAP SE
• Microsoft Corporation
• Amazon Web Services (AWS)
• Google Cloud Platform
• IBM Corporation
• Oracle Corporation
• Salesforce.com Inc.
• Alibaba Cloud
• Oracle Cloud
• VMware, Inc.
• Cisco Systems, Inc.
• ServiceNow, Inc.
• Atlassian Corporation Plc
• Zoho Corporation Pvt. Ltd.
• Rackspace Technology, Inc.

The competitive landscape of the SAP Cloud Platform Service market is characterized by the presence of numerous established players as well as emerging startups. Major companies such as SAP SE, Microsoft, and Amazon Web Services are leading the market with their comprehensive cloud offerings and strong market presence. These organizations have invested heavily in research and development to enhance their cloud solutions and provide cutting-edge technologies that meet the evolving needs of businesses. Additionally, strategic partnerships and acquisitions are common practices among these companies, enabling them to expand their service portfolios and gain a competitive edge in the market. The focus on customer-centric solutions and service excellence is also a key differentiator for these leading players.

SAP SE is one of the foremost players in the SAP Cloud Platform Service market, offering a wide range of cloud-based solutions tailored to various business needs. With its extensive experience in enterprise resource planning and commitment to innovation, SAP continues to enhance its cloud offerings, providing organizations with tools that support digital transformation and operational efficiency. The company's focus on integrating advanced technologies such as AI and machine learning into its cloud solutions positions it favorably in the competitive landscape. As organizations prioritize data security and compliance, SAP's robust security frameworks and industry-specific solutions further strengthen its market position.

Microsoft Corporation is another key player in the SAP Cloud Platform Service market, leveraging its Azure platform to offer a comprehensive suite of cloud services. Microsoft's strong emphasis on hybrid cloud solutions and its ability to integrate with existing on-premises systems have made it a preferred choice for enterprises undergoing digital transformation. The company's extensive portfolio of tools and services, including Azure AI and Azure Machine Learning, provides organizations with the capabilities necessary to innovate and drive operational efficiency. Microsoft has also established strategic partnerships with various industry players, further enhancing its competitive advantage in the cloud market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SAP SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Oracle Cloud
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 VMware, Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Alibaba Cloud
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 IBM Corporation
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 ServiceNow, Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Oracle Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Cisco Systems, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Salesforce.com Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Google Cloud Platform
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Microsoft Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Amazon Web Services (AWS)
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Atlassian Corporation Plc
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Rackspace Technology, Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Zoho Corporation Pvt. Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 SAP Cloud Platform Service Market, By User
    • 6.1.1 Large Enterprises
    • 6.1.2 Small and Medium Enterprises
  • 6.2 SAP Cloud Platform Service Market, By Application
    • 6.2.1 Enterprise Resource Planning (ERP)
    • 6.2.2 Customer Relationship Management (CRM)
    • 6.2.3 Supply Chain Management (SCM)
    • 6.2.4 Human Capital Management (HCM)
    • 6.2.5 Business Intelligence (BI)
  • 6.3 SAP Cloud Platform Service Market, By Service Type
    • 6.3.1 Infrastructure as a Service (IaaS)
    • 6.3.2 Platform as a Service (PaaS)
    • 6.3.3 Software as a Service (SaaS)
    • 6.3.4 Function as a Service (FaaS)
    • 6.3.5 Integration Services
  • 6.4 SAP Cloud Platform Service Market, By Deployment Mode
    • 6.4.1 Public Cloud
    • 6.4.2 Private Cloud
    • 6.4.3 Hybrid Cloud

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 SAP Cloud Platform Service Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global SAP Cloud Platform Service market is categorized based on

By Service Type

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)
• Function as a Service (FaaS)
• Integration Services

By Application

• Enterprise Resource Planning (ERP)
• Customer Relationship Management (CRM)
• Supply Chain Management (SCM)
• Human Capital Management (HCM)
• Business Intelligence (BI)

By Deployment Mode

• Public Cloud
• Private Cloud
• Hybrid Cloud

By User

• Large Enterprises
• Small and Medium Enterprises

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• SAP SE
• Microsoft Corporation
• Amazon Web Services (AWS)
• Google Cloud Platform
• IBM Corporation
• Oracle Corporation
• Salesforce.com Inc.
• Alibaba Cloud
• Oracle Cloud
• VMware, Inc.
• Cisco Systems, Inc.
• ServiceNow, Inc.
• Atlassian Corporation Plc
• Zoho Corporation Pvt. Ltd.
• Rackspace Technology, Inc.