What is cloud computing? A look at major future trends

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What is cloud computing? A look at major future trends

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 What is cloud computing? A look at major future trends
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  • The COVID-19 pandemic is one of the primary reasons for the growing interest in cloud-based services, as working from home became the new norm.
  • Leading research firm Gartner expects that public cloud services could cross the US$397-billion mark by 2022.
  • Infrastructure as a Service and Desktop as a Service are likely to lead the way for public cloud services.
  • Cloud adoption has witnessed a significant rise since last year, with experts believing that the trend is expected to continue in the near term.

The COVID-19 pandemic, and the speed at which it disrupted businesses, has compelled companies worldwide to prepare themselves with tools and processes to manage remote workforces and cost pressures and keep the core system functioning and robust.

In a recent press release, leading research and advisory firm Gartner highlighted that end-user spending on public cloud services is projected to exceed US$397 billion by 2022, a notable increase compared to 2021. Despite the macroeconomic headwinds, the offerings that support cloud services are growing at a significant pace. Gartner also underlined that SaaS continues to be the largest market segment, projected to surpass US$122 billion in 2021. Other than SaaS, Infrastructure as a service and Desktop as a Service are likely to grow at impressive rates.

INTERESTING READ: Three ASX-listed tech stocks in the cloud computing space

What is cloud computing?

In simple terms, cloud computing is the distribution of computing services over the internet to provide quicker innovation, adaptable resources, as well as economies of scale. These computer services include servers, storage, networking, software etc.

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In cloud computing, a user only needs to pay for the cloud services he/she uses. As a result, it considerably reduces the operating cost, manages the infrastructure more efficiently, and scales the business.

To know about cloud computing in detail, click here.

Cloud trends one might see in the coming years

Since 2020, the rise in cloud adoption has changed the way of doing business. However, experts believe that the current growth in cloud-based services is unlikely to slow down in the near term. According to Cisco, nearly 94% of all workloads is being processed by cloud data centres. Amid the existing cloud environment, let us look at some of the cloud trends we might see in the upcoming period.

Trend 1

There would be continuous growth in the cloud environment in the near term. This is so because businesses have highlighted that cloud data management is having a specific platform and having the right solution that fits best as per the Company’s requirement. Furthermore, in 2021, businesses are gradually becoming less concerned about restricting themselves to one vendor and looking for a multi-cloud or hybrid cloud offering because of the emerging cloud trends. As per Gartner, by 2021, 75% of the mid-size and large-size companies would have adopted a multi-cloud or hybrid strategy.

Trend 2

The expansion in the enterprise infrastructures also creates new opportunities and threats for I&O (Infrastructure and operations) leaders. Hence, we would gradually see these leaders thinking in the direction of adapting and protecting their to-do lists.

On the other hand, the increase in IoT devices are also creating security risks that need to be mitigated. Because of the rise in cloud adoption, businesses are switching to the public cloud, and businesses are becoming more cloud-native in their deployments. There is also an increase in the adoption of edge computing.

Trend 3

We may see over 15 billion IoT devices that would be connected to the enterprise infrastructure by 2029. There would be a chance that many corporate, guest, and trusted devices might pose a risk to the business if these I&O leaders do not connect appropriately and there is no plan for how the devices would be connected.

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Hence, by segmenting or isolating devices, the chances that the businesses would be vulnerable to a cyberattack would be less.

Trend 4

By 2022, nearly 60% of the businesses would be using managed services offered by an external cloud provider. The decentralised model of consumption of cloud services has increased the cost for businesses significantly. Hence, we might see that in the upcoming period, the companies would figure out ways to reduce this cost as the cloud application increases, streamlining the expenses which the companies are not using to its full capacity.

Trend 5

By 2023 end, over 90% of the I&O organisations will have their employees working remotely.  Remote working style and switch to the cloud would drive the infrastructure trends in the upcoming 1 to 1.5 years.

Trends like anywhere operations and core modernisation are moving forefront. Some of the trends that might impact infrastructure and operations in the upcoming 18 months would be anywhere operations, optimal infrastructure, operational continuity, distributed cloud, core modernisation, and focus on essential skills.

Trend 6

Artificial Intelligence would enhance the effectiveness and speed of cloud computing. Cloud services allow users with any skill to access machine learning functions. The growth in the cloud would allow these revolutionary toolsets to get widely implemented by companies of different sizes, resulting in improved productivity and efficiency.

Trend 7

Online gaming was one of the sources of entertainment during the pandemic period. Just like music and movies delivered online, gaming would be increasingly delivered from the cloud in the upcoming period.

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