The global cloud market is expected to grow at a CAGR of 18.0%. The total market which was $ 371.35 billion in 2020 is expected to reach $ 791.48 billion by the year 2028, not a very distant future!
The graphic suggest that the growth will be ubiquitous in all regions. So, what is Cloud Computing all about?
Cloud computing is a generic term for anything which involves delivering hosted services over the internet. The services are divided into three main categories: infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS). Cloud storage has replaced traditional model of physical hardware storage for developers as well as individual consumers storing their data.
Today when global businesses are looking at reduce overheads and maximizing productivity, Clouds offer flexibility in operations, limitless storage, security management, utility-based sharing models, and most important of no commitment to high capital and maintenance cost of servers. Cost benefits and introduction of new cloud computing products make cloud computing’s future very secure.
Here are four cloud trends that will likely continue to grow.
4 CLOUD TRENDS WE CAN EXPECT TO SEE
- AI and ML Adoption
Artificial Intelligence (AI) and algorithm driven Machine learning (ML) technologies are among the top cloud computing trends that are expected to see growth in the recent future.AI and ML are widely used by product recommendation engines, image recognition, energy optimization, system failure monitoring, adaptive security learning, and language processing are offering exciting new opportunities to business to find new ways to operate, grow and most important be effective in serving customers.
The growth of AI and ML, will aid businesses through:
- Security: ML will allow businesses to automate security for decision making on program permissions and improve the efficacy of malware detection, keep an eye out for potential attackers and identify vulnerable areas.
- Productivity: Use of AI and ML increases productivity by eliminating manual redundant tasks by handling these jobs without being prompted and remove oversight errors. This will allow employees to concentrate on more productive activities.
- Accessibility: AI is now readily accessible for all types of operations. AI features are even compatible with software for smaller-scale use and individual applications.
- Hybrid Cloud Services
Combining the features of the previous versions of private or public cloud, a new system called ‘Hybrid cloud’ offers on and off-premise equipment which gives flexibility to create an optimal setup. It allows businesses to operate within their budget and use only the needed space.
Hybrid clouds are great for smaller and medium companies with fewer resources and offers:
- Security options: provides enhanced privacy of a private cloud and benefits of a public cloud applications
- Remote support: Hybrid clouds enable businesses for remote work for off-site employees making it easy to scale operations to suit changing needs.
- Decentralized Cloud
A Decentralized cloud storage stores data on multiple computers or servers hosted by people or companies. Data is distributed across a chain of computers or servers making it easily accessible and giving an inexpensive solution. Blockchain technology and cryptography is used to encrypt files.
Decentralized clouds are highly secured, faster and less expensive to work upon. Anyone, not just giant data centers, can become a Decentralized storage provider. Such benefits of cost saving, autonomy and ease in access will make this technology replace the traditional cloud storage systems.
- Streamline Entertainment
Video streaming services use cloud to enhance their platforms, it enables streaming services to enhance their bandwidth, amplifying the whole streaming experience. With backend data on cloud, consumers can enjoy uninterrupted entertainment and avoid excessive buffering. Another type of cloud-based entertainment is cloud gaming. Similar to video streaming, cloud gaming allows consumers to access and play video games on cloud platforms. Cloud data offers better bandwidth and server capacity. In future, this trend will increase and will continue to spread.
- Kubernets for Blockchain
Blockchain is a ground-breaking technology that creates a shared, tamper-proof digital ledger for recording data in a public or private network. It keeps reliable transaction records without relying on a central authority.
Kubernetes is an open-source container orchestration technology that allows businesses to grow, deploy, and manage containerized infrastructure automatically. Because current public blockchain infrastructure cannot scale in terms of big data storage and management, incorporating blockchain technologies for big data applications is problematic. However, by constantly having many containers operating for important services, Kubernetes for blockchain helps to rapidly scale environments and assure high availability.
