As the saying goes: Every ‘cloud’ has a silver lining! The same can be said for on-demand cloud computing services that has transformed the face of technology in every industry. Though such technology has been around for more than a decade, its usage has expanded massively in recent years. After the post-pandemic era, cloud computing has taken the front seat and there’s no turning back.
From communications, food sectors to white-collar industries, cloud technology has steered the world to newer heights. Well, here are some leading trends and interesting facts about cloud computing industry.
- By 2028, the cloud computing market to grow by $1 trillion.
- Between 2010 to 2020, the market grew by a leap of 635 percent.
- A company can save up to 40 percent by clinging to cloud computing.
- It is revealed that companies can save up to 64 percent in reducing carbon emissions and energy consumption pricing.
What is Cloud Computing?
Presently, data is not just stored on your personal computer. Companies and businesses prefer storing and accessing data over the internet. Therefore, cloud computing is the on-demand availability of computer services such as networking, data storage and servers. It provides data access to several users from a remote server.
Because most cloud models only charge you for the services you use, integrating IT into your business without investing in an internal data base is cost-effective—thanks to cloud computing.
Let’s take a look at what cloud computing trends should you consider in 2023.
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Edge Computing
The global edge computing industry is anticipated to increase from $3 billion in 2020 to $12 billion by 2028, according to Statista. Edge computing analyses data quickly close to its source of origin,with minimal delay. Although it is not a fresh idea, edge computing is quickly becoming popular among businesses since it provides a more effective and safe solution than conventional computing methods.
Companies that include edge computing infrastructures into their business might anticipate significant savings. On cloud hosting services, moving data around demands a lot of bandwidth and can take a while, incurring high business expenditures. By processing data close to its point of origin and only sharing it with the cloud for post-processing, edge computing limits bandwidth and time restrictions.
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Hybrid Cloud Computing
Due to high-tech confidentiality and their flexibility to expand for powerful server demand, hybrid cloud solutions are becoming more and more popular. Hybrid cloud models, which combine two or more clouds, sometimes include a private infrastructure in addition to a public cloud service. To preserve security, business-sensitive data is kept on a private cloud server, and less important data processing is outsourced to a public cloud server.
Organizations can access the best of both worlds by running two or more clouds concurrently. Additionally, larger public-cloud infrastructures offer ad-hoc scalability and a safe storage for private data.
Another key advantage of hybrid cloud models is the reduction of significant system disruptions. Businesses are shielded from a system-wide outage by utilizing a variety of cloud solutions, with the remaining cloud servers covering for one another. Hybrid cloud models demonstrate dependability while giving clients piece of mind by utilizing public cloud networks.
Hybrid cloud solutions help organizations control expenses by letting them pay only for the services they use each month. This stops businesses from making the largest anticipated infrastructure investment or taking a major risk of latency during periods of strong demand.
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The AI and ML-Powered Cloud
Only a handful of businesses have the resources to develop their own AI system, hence, AI-Artificial Intelligence and ML-Machine Learning pose as effective cloud services for today’s tech trends. Data collection and upgraded algorithms require massive storage and computing power, which are usually cost-effective while renting.
Undoubtedly, cloud service providers rely on AI and ML for a good number of reasons. This includes well-managed networks and bulk storage capacity along with uninterrupted power and cooling facility to secure data.
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Cloud Security
One of the major reasons that businesses move to the cloud face is data loss. A recent IBM survey found that 45% of data violation cost an average of over $1 million. The global market for cloud security software is anticipated to strengthen their cloud protection against digital threats by 2026.
Businesses that experience data breaches must deal with serious repercussions, particularly if customer data is lost. Failure to adhere to the data protection requirements can result in a maximum fine of £17.5 million or 4% of annual global revenue.
Data loss due to human error is the main reason for 88% of cloud data breaches. However, evidence reveals that working remotely has worsened the security dangers associated with cloud computing, with 45% of employees falling victim to phishing scams because they are disoriented. What precautions may be taken to prevent data loss given that working from home tends to make employees more distracted?
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Virtual Cloud Desktops
Virtual cloud desktop networks are set to take the world by storm in the future with the USA having the second-largest market share. VCDs allows employees to have control over files, data, apps and networks through a parallel desktop infrastructure.
Since global pandemic, several companies have adopted flexible working environment. Hence, the advancement in virtual desktop enables people to work without the requirement of a company laptop and outsource their work worldwide—a developed, cost-saving facility for a wider working class.
Conclusion
There's no end to the expanding popularity of cloud computing. The peerless usage of hybrid models and edge computing will showcase more flexibility to enhance security, save on pricing and lower time intervals.
In simpler words, the most vital improvement and consideration for all companies are the advantages of virtual cloud desktops. Adopting and adapting this technology removes several barriers, while providing higher cost-savings for ongoing and future businesses.