Your Latest Update on Cloud Computing
Cloud computing is going to be future for all the technology that we use today. Cisco reports that the cloud storage market will scale up from 370 EB in 2017 to 1.1 ZB in 2018. This shows there is a big opportunity in this industry. The Gartner survey in 2017 reveals that 42 % of respondents are looking to implement cloud storage as a backup in 2018. The Gartner report shows that the DRaaS (Disaster Recovery as a Service) will grow from $2.01 Billion in 2017 to $3.7 Billion in 2021. The companies are investing in DRaaS to protect enterprises data loss due to natural disasters, cyber threat, ransomware attacks, etc.
Indian IT Industry:
As per “Indian Cloud Computing Market Forecast & Opportunities, 2020”cloud computing market services in India is going to increase by 22% CAGR by 2020. The reasons for this growth is that a large number of government portals as per Digital India initiative, increase their spending by government in National Optical Fiber Network (NOFN). SME segment is the major driver for the growth of this technology in India. It reduces their cost and increases efficiency. SaaS will be having a larger market share as compared to other models.
Cloud Computing Trends in 2018:
It increases reliability, efficiency and on-time delivery of the services. Now let’s discuss some current trends related to it like data security, server less computing, Internet of things, containers, etc.
The future belongs to this technology. It offers low cost and efficient utility to the enterprises. The consumer-based service, SaaS (Software as a Service) will rise tremendously. A large number of enterprises will shift to cloud services.
Our photos, personal data, enterprises sensitive information, etc are stored on the web. But hackers have hacked the data from the web. There was an iclouds leak of celebrity photos in 2014.Then in 2016; there was the report of a data breach of Indian banks. In 2017, there were zomato leaks, WannaCry incident. Every year there is an increase in cyber theft. With increasing demand for cloud services, the companies will have to strengthen their data security.
Server less Computing:
Coding of several years created a repository of codes which are stored in the web. Now the programmers need to find the exact code which meets their need and built their program. This helps the developer to build applications and increase their overall efficiency as they need less time. This technology brings a revolution in server less computing.
Internet of Things [IoT]:
All IoT devices use cloud computing. These devices are dependent on the internet to store information and communicate with each other. With this technology in demand, we are going to have more and more IoT enabled devices.
Cloud Source Storage Company:
This technology has solved the problem of storage. There is enough space for everyone to store their data. Each person is producing millions of data in a year. Every minute people are taking selfies, storing movies, sending pictures, publishing book. This has led to the increase in the number of cloud-source Storage Company like one-drive, drop-box that can offer storage at fewer prices.
It gives the facility of storing millions of data in the space. The big players like Amazon and Google, to increase their market share offer free storage and keep their cost minimal to their client. These trillions of data stored in their cloud help them to analyze different consumer preference, demographic dividend, through big data analytics. The rise in cloud services will lead to significant demand for big data analytics in the future.
Cloud offers the enterprises exceptional speed and flexibility. The company wants to tap this opportunity. This has led to an increased demand for the container. Containers help software to run smoothly when moved from one computing environment to another. With the future belongs to cloud computing, containers will be in great demand.
Hybrid Deployment Model:
The organization wants to protect critical information related to their business, customer personal details, account details, supplier details, etc. but they want to offer an excellent user experience of their IT services to the customer. This has been possible because of different deployment model offered by it to meet the enterprises need. This will lead to increase in the preference for the hybrid cloud.
Multiple Cloud Strategy:
The number of players has increased in the market. There are new players ready to provide services to an enterprise as per their need. This leads to a significant increase in multiple cloud strategy. The company prefers to use two or more vendors for their public domain and two private vendors. This strategy helps in reducing the dependence on a single vendor, or uses another vendor as a backup or has balance workload between two vendors.
The key to excellent customer service is to provide quality service at low cost. The installation cost increases in on-premise setup. For, achieving the competitive edge enterprises is ready to spend more on the public cloud as compared to private