Cloud computing is a lot more than just virtual storage options. Cloud computing is a massive industry, encompassing cloud hosting, cloud storage solutions, cloud networking, cloud databases, and more. These tools share a feature in that they virtualize resources to connect a library of machines and provide users with remote access to their applications.
As the use of the internet has become more ubiquitous, demand for remote access to all our data increases. Similarly, as more individuals and businesses rely on computers and the internet for their daily operations, the growing amount of data that needs to be accessed and stored has begun to outpace traditional solutions.
Cloud computing options continue to be the frontier for advancement in how we interact without data, and as a result, the cloud computing industry is undergoing transformative growth. Here are some current trends to look out for in the future of cloud computing.
Multi-cloud enterprise implementation
The benefits of cloud computing are clear; cloud solutions offer flexibility, scalability, security, and reliability. Multi-cloud systems seek to amplify these benefits by employing cloud services across multiple vendors. This can be structured in many different ways but often involves making use of platform-as-a-service (PaaS) or infrastructure-as-a-service (IaaS) from various providers. Multi-cloud strategies eliminate some of the restrictions you may face when researching cloud hosting options. For example, you may discover what seems like the perfect fit, only to realize later there are features from another provider you also need. Multi-cloud solutions eliminate the need to choose, allowing you to use multiple providers to meet your cloud hosting needs.
According to the State of the Cloud report, 89% of respondents employed a multi-cloud strategy. Additionally, it is estimated that 84% of enterprises utilize a multi-cloud environment. As demands for advancement in the cloud industry grow, and as more industries adopt cloud computing options, multi-cloud may be essential to ensuring demand is met.
Increased cloud adoption
Cloud computing overall has become the go-to option for many services. By 2025, it is expected that 80% of organizations will be relying on cloud services such as cloud servers, databases, and storage solutions.
As business operations move online and remote work becomes more popular, businesses need employees and clients to be able to access their documents on-demand and from any location. With traffic growth and resource demand comes an increased need for solutions that allow for redundancy and uptime while providing security in the event of a data breach or attack. Additionally, as enterprises expand, there is a demand to operate without worrying about how to store and maintain hardware, making cloud solutions ideal for these companies. It is estimated that 100 zettabytes of data will be stored in the cloud by 2025.
Increased cloud resources
The adoption of the cloud isn’t just numerous but also intensive. While data center workloads are expected to double between 2016 and 2021, cloud workloads are expected to triple. Over the same period, cloud data centers are expected to have four times the density of traditional data centers. With these explosive demands for cloud services, the industry will continue to expand in order to meet activity.
Growing cloud revenue
As the cloud industry grows, it will continue to be invested in. In 2021, the cloud computing market had an estimated value of almost $370 billion. Over the next decade, the cloud computing market is expected to maintain a growth rate of around 15.7%. It is expected that the cloud computing market will have a revenue of $780 billion by 2028, with IaaS alone expected to reach $82 billion by 2022.
