The tempo with which Cloud computing is growing has caught everyone’s attention. The size of the cloud computing market in 2018 was $130bn. In 2019, the market is expected to grow by approximately 21% over the 2018 levels. For sure, the pressure keeps piling on the business and enterprises around the world to deliver more. Increased customer expectation and efficiency have become the new building blocks on which CIO’s have to draw up their development path. By 2020, all the IT enterprises are expected to become fully cloud-based. That clearly implies the investment in cloud is only going to go further up.
Within this first decade and a half since the cloud has gone mainstream, businesses and individuals have been attracted to the cost saving, scalable advantages that the cloud has to offer. In the simplest of terms, the cloud suggests reduced costs in hardware and infrastructure, while helping to expand the scalability, efficiency and availability of data. What this means is that the ways in which business services are delivered and managed have been changed forever, leading to greater innovation and expansion on a global scale. While the technological landscape has forever been changed by the cloud, it is important to note that we are just beginning to scrape the surface. According to a Forrester Study, the cloud computing marketplace, which was at $40.7 billion in 2011, is expected to grow to $241 billion by 2020.
One can only guess at the impact that this massive growth will have on the technological and global landscape in the nearest future. As cloud hosting services carry on taking root among enterprise businesses, greater cost savings and efficiencies can be expected to also take root on a larger scale. Businesses and individuals will then be able to devote less time on maintaining their IT systems, which in turn can lead to greater technical, economical, and even social innovations. And while it can be hard to predict the future, it does appear that we are only at the beginning of the cloud computing revolution, making this an exciting time for companies who are just now beginning to explore the advantages that the cloud has to offer.
So, in this imminent storm of cloud, how should businesses be preparing themselves? Well, knowing what awaits us with cloud’s popularity is a good point to begin with.
Data theft, leakage, and deletion- security is a big challenge even for traditional IT infrastructures. However, with more companies moving to cloud platforms, it’s important to ensure that cloud service providers can create an airtight security system to guarantee the safety of their client’s data. Cloud security is not just a trend in cloud computing this year; it’s a necessity that is prioritized by every organization. Moreover, with the introduction of General Data Privacy and Management (GDPR) in late 2018, security concerns have increased hurdles for cloud technology security compliance. Hence in 2019, there is a huge demand for cloud security providers that ensure data practices fully comply with GDPR and other compliance essentials.
It is a method of optimizing cloud computing network system by performing data processing at the edge of the network, near the source of the data. It works real-time on the cloud servers to process less time-sensitive data or store data for the long term. That means with the continued convergence of IT, the current year will bring edge computing at the forefront, creating a huge array of new opportunities for organizations to use new technologies and computing power. With IoT devices being on a massive increase, edge computing will play a chief role in providing real-time information & data analysis and streamline the flow of traffic from IoT devices. This statement can be backed by Gartner, mentioning that 5.6 billion IoT devices owned by enterprises and governments will utilize edge computing for data collection and processing in 2020.
Adding to the previous point, one of the most widespread cloud computing trends is the rise of IoT platforms. A study by Gartner suggests the number of connected things in use will be going up to 25 billion by 2021 from 14.2 billion as of 2019. An IoT platform is a cloud-enabling platform that works with standard devices to enable cloud-based applications and services on it. IoT functions as a mediator, collecting data from different devices with a remote device configuration and smart device management. The technology is self-management and sends out real-time alerts to troubleshoot issues. IoT also supports different industry-grade protocols to deliver smart predictions through monitoring organization processes. This intelligent connectivity is what makes IoT platforms a cloud computing trend.
Hybrid/ Multi-Cloud Solutions
Hybrid cloud computing refers to using a combination of the private cloud as well as a third-party public cloud service. It is primarily used to allow workloads to move between private and public clouds, giving users more flexibility with their computing needs. Here’s a typical example of an analytics hybrid/ multi-cloud pattern that helps run two kinds of workloads in two different computing environments. With its multiple benefits, the market size of hybrid/ multi-cloud is expected to grow to $97.64 billion by 2023. In fact, tech giants like Microsoft and Amazon are already investing heavily in hybrid cloud computing as a product. Hybrid cloud computing provides enhanced security features, SaaS capabilities, consistent server reliability, customizable capabilities, and top performance. But what makes hybrid cloud computing so desirable is the flexibility it offers and its reduced cost, making it fit for even growing businesses. Hybrid cloud has all the solutions to the diverse needs of modern businesses. It’ll offer companies that are risk-aversive and with limited capital a chance to surpass their present computation abilities.
As technology advances, one of the most common cloud trends to look forward to is AI. Tech giants are now looking into incorporating AI to process big data to improve their business functioning. By using artificial intelligence, computing platforms are increasing their efficiency. It now offers organizations the ability to automate and manage their processes intelligently. The framework also allows them to easily scale and adapt to the changing needs of the business. Simply put, AI is definitely a cloud computing trend to watch out for as it enables smoother organization workflows and increased efficiency. In fact, an IBM study reveals that 65% of organizations believe AI is important for their strategy and success.
Dramatic Increase in Popularity
The popularity of Saas, PaaS, and IaaS is definitely going to increase even more. It’s all about the simplicity that cloud has to offer. The most obvious outcome in that scenario appears to be cloud infrastructure becoming the default web server environment and in turn a powerful force to change the dimensions of both the local and multinational firms. Open source developers have also got very close to creating tools that can be run on the cloud. Once that’s made a possibility, the number of applications like Docker will see increased demand and popularity. All that is bound to maximize the total cloud revenues.
One exciting thing we’ll see is the development of cloud-native architecture. This means looking at the development of deployments of apps in a way that mirrors the cloud environment, making processes and workflows even more efficient. This involves auto-provisioning environments as code, auto-scaling and pulling resources as appropriate, and including auto-redundancy to ensure resilience. In essence, cloud-native architecture means companies can finally optimize to the cloud’s level—rather than the level of their previous legacy systems.
To sum it all up, about 83% of all the businesses’ IT services will be on the Cloud by 2020 according to Forbes. Of that, 41% of the workload would be owned by public clouds, while 22% by the hybrid cloud. For all the praises we shower upon cloud computing, we mustn’t forget that with its tremendous benefits, it will bring its fair share of concerns. Security looks to be the most challenging hindrance, particularly for small-scale businesses. There’s no doubt, the cloud experts will make advances to ensure everyone is playing on a level-field and that the advantages aren’t only for a limited few to enjoy.