Cloud Computing Trends to Look Out For

Cloud computing is much more than an unlimited array of servers and software and has become a metaphor for modern computing. The adoption of the Cloud hits another growth spurt, and businesses are discovering the power of combining cloud services into solutions that address almost any business need. Cloud computing trends show that the Cloud will continue to be the platform for emerging technologies such as artificial intelligence (AI), Blockchain, and Internet of Things (IoT) and will define how technology reshapes our lives. Cloud computing has an immense potential to impact businesses and provide effective solutions to combat critical problems. The article discusses some of the latest cloud computing trends that can revolutionize modern computing.

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This change rate can expect to accelerate as more companies become more familiar with adopting cloud models and delivering data from the Cloud to our devices.

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We expect to see the following seven significant cloud computing trends that will shape up enterprise computing – 

1. Edge Computing Will Take Center Stage

• A Cisco survey predicts that the number of devices connected to IP networks will be more than three times the global population
• Gartner forecasts that worldwide end-user spending on public cloud services will grow 20.4% to total $675.4 billion in 2024, up from $561 billion in 2023.
• A report from the McKinsey Global Institute estimates that the IoT could have an annual economic impact of $3.9 trillion to $11.1 trillion by 2025
• IDC FutureScape predicts that most enterprises will shift internal investments to deploy dedicated cloud platforms from which to launch innovative services rather than investing in modernizing existing data centers

The above forecasts show a shift in the way data centers are built. As businesses undergo the digital transformation phase, there is a need for agile and scalable technology to power data centers, which has given rise to edge computing.

Edge computing will facilitate data processing at or near the source of data generation, help make real-time decisions, and transfer only the relevant data back to the hub. In the coming years, it will be an indispensable part of cloud computing.

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2. Cloud Will Dominate The Entertainment World

Amazon recently joined the ranks of tech giants and startups, offering its platform for cloud gaming. Cloud gaming promises to revolutionize how we consume entertainment media, especially music and videos. It certainly promises to provide instant access to vast game libraries that can be played with a monthly subscription. In 2020, Google, Microsoft, and Nvidia launched their cloud services, while Microsoft and Sony already partnered to develop future cloud solutions for the game and content-streaming services.

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3. Hybrid Cloud Growth

Hybrid or multi-cloud environments, where users choose individual items from service provider offerings that suit their needs, have gained popularity. This has led to providers starting to reevaluate their delivery models.

Many companies still opt for the private model to guarantee the security of their strategies in the Cloud. However, its high maintenance costs and complexity have made companies rethink their infrastructures, migrating some workloads to the Public Cloud or, as discussed above, moving to edge computing. 

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4. Increase in Cloud-Based Solutions

Various cloud-based solutions, such as IaaS, SaaS, and PaaS, are currently available. The forecast is for countless innovative solutions to emerge to transform IT further. In this way, the number of companies using Cloud-based services is expected to increase, as is the emergence of other Cloud segments. As Gartner predicts, this should boost the entire Cloud Computing industry in 2020, bringing it to a value of $95.3 trillion.

Table – Worldwide Public Cloud Service Revenue Forecast (Millions of U.S. Dollars) (Source – Gartner)

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5. Greater Adherence to Platform as a Service (PaaS)

The Platform as a Service consists of an environment hosted in the Cloud that supports the most diverse corporate demands, such as creating products and services, software and application development, testing, data storage, and managing tools and applications. This year, adherence to this service model will be among the crucial cloud computing trends that will increase thanks to its many benefits, such as reduced costs, increased productivity, security, and scalability.

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6. The Rise of Containers 

Containers have always been the standard for application development in the public Cloud. They are closely linked to any transformation in application architecture, software development methodology, and operational principles. The container orchestration tool automates management, deployment, scaling, and networking.

IDC forecasts that worldwide IT and business services revenue will grow $1.28 trillion in 2024, or 4.7% year-over-year growth in 2024. This development would improve work efficiency, cost savings, and application development.

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7. The Popularization of Artificial Intelligence and Machine Learning 

These two technologies are already exploiting the resources of Cloud Computing to optimize entire sectors. The trend is for their presence in companies to grow even more. According to Gartner, by 2027, spending on AI software will grow to $297.9 billion, with a CAGR of 19.1%.

Cloud-based platforms as a service enable users with almost any budget and skill level to access machine learning features like image recognition tools, language processing, and recommendation engines. The cloud will continue to enable these revolutionary toolsets to be more widely deployed by companies of all sizes and in all fields, leading to increased productivity and efficiency.

AI algorithms can monitor and manage cooling systems, hardware networks, and power usage in these sensitive and expensive environments to optimize execution efficiency and minimize their impact on the ground. AI can solve a huge section of enterprise systems, right from hardware failure to saving energy and detecting failures in the systems.

In A Nutshell

Cloud computing trends will continue to show an upward graph, and various innovations will improve their services. Therefore, companies must monitor their evolution in the market and remain aware of market trends. However, in the coming years, new technologies will fill up the traditional voids and technological transformations will be revolutionary, and cloud computing will have a crucial role to play.