DigitalOcean Strengths, Domain Expertise, and Key Differentiators
DgitalOcean is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses, or SMBs. DgitalOcean was founded with the guiding principle that the transformative benefits of the cloud should be easy to leverage, broadly accessible, reliable and affordable. DgitalOcean's platform simplifies cloud computing, enabling their customers to rapidly accelerate. innovation and increase their productivity and agility.
DigitalOcean Recent Developments
In February 2021, DigitalOcean, the cloud for developers, startups and SMBs, released new Premium Droplets plans with processors from Intel and AMD. The new Droplet types expand DigitalOcean’s Basic Droplet tier to offer faster performance and give customers the flexibility to choose the underlying hardware for their workloads. In addition to higher processing power, Premium Droplets provide enhanced memory performance and include NVMe drives for faster disk performance. Premium Droplets can be used on their own or as worker nodes for DigitalOcean Kubernetes. DigitalOcean Premium Droplets start at $6 per month. Premium Intel Droplets are available now in all data center regions, and Premium AMD Droplets are available in the NYC, SFO and FRA regions. More regions for Premium AMD Droplets will be added in the coming months.
In October 2020, DigitalOcean, the cloud for developing modern apps, launched DigitalOcean App Platform, a new platform as a service (PaaS) offering that automates infrastructure management so developers can deploy their code to production in just a few clicks. The new offering advances the company’s managed services strategy to simplify cloud computing so developers as well as small- and medium-sized businesses (SMBs) can focus more time creating software that changes the world.
DigitalOcean Mergers and Acquisitions (M&A) Activities
In September 2021, DigitalOcean, the cloud for developers, startups and SMBs, acquired Nimbella, a serverless platform provider. The acquisition expands DigitalOcean’s capabilities into the rapidly growing function-as-a-service (FaaS) market and will add an additional serverless compute offering to complement the company’s existing Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) offerings, which target developers in small and medium-sized businesses (SMBs).
DigitalOcean Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying DigitalOcean applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of DigitalOcean and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Virtual Private Cloud (VPC) customers.
Ownership: - NYSE: DOCN
Number of Employees: 581
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K654, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
DigitalOcean Key Enterprise and Cloud Applications
Virtual Private Cloud (VPC)
DigitalOcean Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
DigitalOcean Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
DigitalOcean Enterprise Applications Revenues By Functional Markets, $M:
DigitalOcean Enterprise Applications Revenues By Verticals, $M:
DigitalOcean Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
DigitalOcean Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
DigitalOcean Customers - Breakdown by Geo, Size, Vertical and Product
No. of DigitalOcean Customers: 623000
No. of DigitalOcean Enterprise Applications Customers: x
No. of DigitalOcean Cloud Customers: x
No. of DigitalOcean Cloud Subscribers: x
Approximately 623,000 individual and business customers currently use DigitalOcean's platform to build, deploy and scale software applications. DigitalOcean users include software engineers, researchers, data scientists, system administrators, students and hobbyists. DigitalOcean customers use the platform across numerous industry verticals and for a wide range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others.
DigitalOcean Market Opportunities, M&A and Geo Expansions
DigitalOcean's customer base of approximately 598,000 customers represents a significant opportunity for further consumption of DigitalOcean services. There are substantial opportunities to expand revenue within DigitalOcean's large customer base through increased usage of our platform as customers grow their businesses, adoption of additional product offerings and targeted sales initiatives focused on our larger customers. DigitalOcean's consumption-based pricing model makes it frictionless for customers to increase their usage of the platform as they require more compute and storage as they grow and scale. DigitalOcean have also expanded the breadth of their platform offerings and will continue to do so as they have experienced strong adoption of recently developed products.
DigitalOcean Risks and Challenges
DigitalOcean's core customer base consists of individual developers, early stage start-ups and small-to-medium size businesses, many of which plan for high growth. DigitalOcean expect that the path to growth will, in part, rely on scaling their platform to meet the needs of such customers as they increase usage of DigitalOcean's platform. Accordingly, if such customers fail to grow as expected, then DigitalOcean's path to growth may be adversely affected. In addition, DigitalOcean's inability to offer both suitable services to support their businesses at scale and suitable and appropriately priced services for the initial state of their business, and could adversely affect DigitalOcean's business, financial condition and results of operations.
DigitalOcean Ecosystem, Partners, Resellers and SI
DigitalOcean launched DigitalOcean Managed MongoDB, a new, fully-managed database as a service (DBaaS) offering in partnership with MongoDB, Inc. (NASDAQ: MDB), the modern, general purpose database platform. Launched at DigitalOcean’s virtual conference, deploy, Managed MongoDB helps developers of all skill levels easily spin up MongoDB clusters on DigitalOcean. It also simplifies database administration by seamlessly managing, scaling and securing clusters so developers can spend more time building their apps and growing their businesses. DigitalOceans partnership with MongoDB expands their portfolio of highly curated, managed offerings tailored specifically to the developer, startup and SMB markets. By adding support for MongoDB DigitalOcean can extend the benefits of this powerful technology to ther customers around the world — even those without database experience or expertise.
In September 2019, DigitalOcean officially launched DigitalOcean Solutions Partner Program. The program enables companies to deploy, modernize and migrate their customers’ infrastructure on DigitalOcean with custom support and pricing optimized for small and medium-sized businesses (SMBs). The Solutions Partner Program serves two distinct types of partners: Managed service and IT providers, cloud resellers and web development agencies who focus on selling DigitalOcean infrastructure along with their own services; and Platform builders who develop their own technology solutions on top of DigitalOcean. Partners receive access to resources and content to help get their clients up and running seamlessly. They are also invited to an exclusive partner community where they collaborate with other members and get direct access to experts from DigitalOcean’s sales, support and technical teams. This allows growing businesses, which may lack the technical capabilities or resources, to take full advantage of DigitalOcean’s knowledge-base and expertise.
DigitalOcean Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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