The year 2020 saw unprecedented growth in the number of cloud users worldwide. This is because it provided some of the best solutions to facilitate remote working and sharing personal data.
The intersection of existing organizational functions with new cloud technologies has resulted in rapid growth and expansion of businesses. It accentuated business growth so much that cloud computing has taken over the business world in just a few months.
Now, since everyone has been opting for cloud-based services, you must know about its nuances to make your business stand apart. This post talks about world-famous trends that will be conducive to opening new horizons for your business’ growth.
Unprecedented Growth of Services
Taking leverage of Saas, PaaS, LaaS developments, cloud computing has proven to be insanely successful.
You can access and harness this technology in countless ways. Markets keep breaking global records every day as industries adapt and adopt business models to use the cloud. As adoption rates cap off, some industries have observed a slowdown, yet cloud computing continues to grow perpetually.
Storage
One of the primary reasons behind the existence of cloud computing is its massive storage capacity. Businesses today need to store software and data for clients, users, employees, companies, etc., and this has pushed them to use cloud storage optimally.
Cloud storage is expected to hit a high of 2.3 ZB globally by the end of 2021. Such extensive storage utilization has led to the rapid use of cloud computing in new and different ways.
Cost Efficiency
The expansion of cloud computing has only made it cheaper. One of the many trends has been the significant drop in the price of storage.
With more and more contenders buying storage, a price drop was bound to happen. By increasing investments in storage and capacity, the supply has outstripped demand, opening up new avenues of immersive shopping for consumers.
With the continuous growth of the cloud, the prices are expected to keep dropping.
Clouds without Servers
From systems that required servers to store data to storage online, cloud computing has changed drastically over time. This server-free technology has taken over the world and allowed developers to build free services over the infrastructure.
So, the cloud has everything you need, infrastructure-free storage, efficiency, less effort, and all of this at the lowest prices.
Cloud-based Containers
Most cloud computing systems take hardware and change it into an internet-based system. With the rise of container systems, software systems are crumbling.
One can now store all data, libraries, and other configurations on one single container platform, which has rendered virtual machines useless. This transition has eased the workload for developers. Now, they don’t need to bother about whether a package is required or not or if the VM will load.
Internet of Things (IoT)
The Internet of Things has taken over the world, one tech practice at a time. From innovative printers, microwaves to home heating systems, all home devices can easily be connected to each other using cloud computing.
Analyzing the data collected, one can quickly assess behaviors and improve the quality of their services overall. Soon, most home appliances will be able to communicate with each other through the cloud.
By storing data, intelligent appliances based on consumer behavior can be designed to optimize usage.
Security Concerns Surrounding Cloud Computing
The rate of cybercrime has increased over the last few years. This can be attributed to the ease of hacking that comes with a large amount of stored online data.
If companies do not invest in the best of technology, the data fabric of the cloud can be vulnerable and opaque to invite cybercrime.
As a response to these cyber-attacks, companies have acquired Cloud Security Access Brokers (CSABs). They are conducive to providing centralized security and a consistent system of governance.
Final Thoughts
With an unprecedented increase in existing businesses and new start-ups switching to the cloud, there’s no doubt that cloud computing is the future.
The cloud is no more just storage space. It has given birth to a whole new world of opportunities for business owners to harness this technology to allow consumers to have an immersive experience.
However, as more and more businesses create excessive data, it must move faster and with utmost efficiency. This is why cloud storage can be useless without a reliable 5G connection. For smoothly handling vast amounts of data, the world has recognized 5G to be the answer.
5G network options are currently being explored globally, and once adopted for utilization, they will further boost the rapid expansion of cloud computing.
The future belongs to cloud computing. It has the power to dominate the way we communicate, consume products and services, and share data.
