About Cloud Computing
Cloud computing is a technology which provides IT and IT-related services over the internet. Cloud computing helps the users in storing as well as processing data over the internet instead of the systemâs hard drive or any external storage devices.
In the present scenario, Australia has become the source of attraction for companies which are into the cloud computing business. Typically, cloud computing is composed of service model and deployment model.
In Australia, various forms of cloud computing deal take place. However, the most common service models comprise of:
- infrastructure-as-a-service (IaaS): provides virtual computing resources over the internet.
- software-as-a-service (SaaS): SaaS provides software services through cloud.
- platform-as-a-service (PaaS): Provides a platform for developing as well as hosting of applications.
- business processing-as-a-service (BPaaS): BPaaS provides business process related services sourced via the cloud.
These services models are further catagorised under four different development models. These include:
- Private Cloud: Private cloud as the name suggests is used solely by the organisation.
- Community Cloud: Community cloud allows a specific community to access the data on the cloud.
- Public Cloud: Public is a general cloud which is open for the public and is generally owned by those companies which sell cloud computing.
- Hybrid Cloud: Hybrid cloud combines private and public cloud and allows the sharing of data and applications.
Demand for Cloud computing in Australia:
Australia continues to see the growth in cloud computing. More than 40% of the local businesses in Australia have started using cloud computing in their operations. As per a release from the Australian Bureau of Statistics, there is a continuous growth in the paid cloud computing. In 2017-2018, people had insufficient knowledge about the paid cloud computing services, which prevented many companies in Australia from using paid cloud computing. With time, some of the innovative companies identified the importance of cloud computing.
Future of Cloud Computing in Australia:
Cloud computing is amongst the fastest-growing industries in Australia. With the rising demand for cloud computing and cloud-based security services, as per a market survey, the global market size of cloud computing is believed to reach more than US$620 billion by 2023.
As per leading research agency and advisory agency - Gartner, the demand for LaaS in Australia is touted to be the fastest growing, with the demand expected to double in 2022. Moreover, the public cloud services market is expected to grow over 85% in the next 3 years.
Indian Cloud computing company Zohoâs entry in Australia:
Indian Software company, Zoho has opened its first onshore data centres in Sydney and Melbourne, with an investment of around $15 million. This move comes on back of the companyâs aim to cater to the requirements of its local customers.
Zoho designs software for solving business problems. The company boasts of global clients such as Qantas, BHP and Netflix.
Zohoâs data centres are also located in North America, Europe, and Asia. With Zoho servicing its Australian and New Zealand clients from Australian data centres it is able to ensure:
- Information is safely stored locally
- Faster access times and
- Full GDPR compliance
Zoho has been working with Equinix to help it establish its data centres at Sydney and Melbourne.Â Equinix is the largest INX data centre and co-location provider in the world. With the opening of the onshore location, Zoho is well positioned to compete for government clients.
Popular Cloud Computing Companies in Australia.
ELMO Software Limited
Sydney based, ELMO Software Limited (ASX: ELO) ranks amongst the fastest growing HR Tech company in the region and is the provider of software solutions related to cloud HR, payroll and rostering / time & attendance. The company assists its clients in streamlining their HR & payroll processes to enhance productivity and efficiency and at the same time, helps in cost reduction.
rhipe Limited (ASX: RHP) is a Cloud Channel Company and is a leading expert in the subscription software licensing in the APAC region. RHP distributes and aggregates subscription licensing models to service providers from software vendors such as Microsoft, VMware, Red Hat, Citrix etc., and it is also a Microsoft Tier 2 cloud solutions provider.
FirstWave Cloud Technology Limited
FirstWave Cloud Technology Limited (ASX: FCT) provides technology and cloud services. The company offers its clients with safety and security via most accessible and adaptive cloud-based cyber-security solutions.
The company uses its machine learning and API technologies for automating, accelerating and enhancing the delivery of cloud-security, threat protection as well as security management.
ReadCloud Limited (ASX: RCL) is a software company from Australia which provides digital curriculum across more than 250 school customers in Australia. The company has signed distribution agreements for digital content with more than 25 leading publishers of the world like Jacaranda, Oxford University Press, Macmillan etc.
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