Cloud technology has many new things in store for the year 2020 and the future, a lot is happening and lot is also changing. In order to leverage the cloud’s potential, organizations might need to maintain focus on leveraging AI advances and edge computing, this should be backed up with investing in sophisticated security to build and keep user trust. Cloud computing is on a great boom and there are innumerable trends to be discussed. It had amazing growth last year and is all set to break its own record in the next few. These days it’s almost impossible to find an institution that doesn’t rely to the least partially on cloud services. Whether its applications, operating systems, web servers, IP addresses, databases or virtual local area networks – the cloud seems to offer it all.
- Cloud technology initiatives are predicted to account for 70% of all tech spending by 2020.
- 80% of institutions are anticipated to migrate toward the cloud by 2025.
- IaaS is expected to reach $72.4 billion worldwide by 2020.
- As many as 84% of enterprises run on a multi-cloud strategy.
The revenue generation in cloud computing is growing exponentially which is showing huge potential in the market and increased funding activity in the sector:
- With big growth in a sector, comes a big investment in the same. Cloud computing revenue is shooting through the roof in 2020 and in the future as well.
- The market for cloud computing globally has anticipated an exceed $350 billion this year.
- According to market anticipations and investor trends in the sector, cloud expenses are expected to amount to 70% of all technology spending by 2020.
Public cloud usage is growing and at the unprecedented pattern:
- A public cloud is a computing service that is usually offered by a third-party provider for free or for a fee. It is openly available to anyone willing to use it. The majority of the enterprises are turning to towards public cloud.
- Public cloud spend is growing 3 times faster than its private type. The Public cloud marks a 24% growth, while the latter, just 8%.
- 50% of the corporate enterprises spend more than $1.2 million per year for public cloud service, while another 13% spend the astonishing $12 million for the same amount of time.
The transition from Cloud To The Edge
Cloud processing will continue in the growth phase but will principally be for large-scale data analytics. Machine learning and artificial intelligence will all happen in the cloud, but more localized processing will also slowly move to the edge.
The Human Cloud
Technology departments around the world are struggling with the talent gap. However, not all organizations realize that the cloud offerings in the technology area can be used to secure high-quality talent as well. This brings us to the Human cloud; the human cloud is an emerging trend in the industry sector, with 22% yearly growth. It provides on-demand access to an exhaustive, accurately-measured, and flexible talent pool.
Cloud adoption is always guided by the security concerns of the organization. An integrated, cross-platform segmentation strategy will enable secure cloud migrations and avoid the legacy challenges of data sprawl, complexity and siloed solutions.
Migration of Analytics Data To The Cloud
Many organizations are migrating the Analytics data to the cloud, this is done to enable more users to access data much faster and in a more reliable way. The main advantage of migrating data on the cloud is the ability to load the same data set concurrently due to the separation of storage and compute, leading to a much faster time to market for customized customer solutions.
Omni-Cloud Instead of Multi-Cloud
Using multiple cloud computing services under a heterogeneous architecture is now an old story. As more and more businesses have started migrating to multiple Infrastructure-as-a-Service providers, the following demands arise:
- Application portability
- Easy procurement of compute cycles in real-time
- Streamlined connectivity in data integration platforms
- Cross-platform alliances by vendors
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