Future of Cloud Computing – What is Next
⏱ Reading Time: 8 minutes
Cloud computing refers to the delivery of IT resources on-demand over the Internet with pay as you go. There is no need to buy, host, and maintain physical data centers and servers. Instead, you get access to technology services. These can be computing services, storage, and databases, which you can use when you need thanks to the service provider.
In other words, cloud computing is the “delivery” of computing services (including servers, storage, analytics, networks, databases, and software) over the network (“the cloud”). These services accelerate innovation, increase resource flexibility, and provide cost savings through high scalability. You usually pay only for cloud services, which can help you reduce operating costs and improve infrastructure management. Also, you can scale the service as your business needs change.
According to Innovecs.com, many organizations have already moved their workloads to the cloud. Now, more than 80% of large corporations are using cloud computing. This number will increase to more than 90% up to 2024.
Now you may be thinking that the phenomenon of cloud computing is connected to VPN. This is not quite true. The major difference is that users download VPN for secure browsing while cloud computing plays a larger role.
Picture 1. Cloud computing
The History of Cloud Computing
Before we take a look at what we can expect from the future of cloud computing, let’s go through its history.
- January 1, 1999: Salesforce makes the very first cloud computing step;
- Jun 5, 2002: Amazon joins the cloud race;
- Aug 26, 2006: The cloud computing is marching on with Elastic Compute Cloud created;
- Jun 5, 2007: Dropbox joins the competition offering a file storage solution;
- Oct 3, 2007: Saleforce is promoting Force to compete for the rivals;
- Dec 6, 2008: Google is breaking into the race and heating up the competition by launching the Google App;
- Feb 2, 2010: Microsoft joins the collision;
- Late 2011: IBM joins the contest;
- 2013: The Worldwide Public Cloud Services Market totaled £78bn, becoming the fastest-growing market service.
So is there a future of cloud computing and what will it look like? The answer is indisputable. Let’s see what the future of cloud computing will bring in the following years.
6 Predictions About the Future of Cloud Computing
1. The Number of Cloud-Based Corporations Will Continue to Grow
The number of benefits of cloud computing makes it extremely convenient for corporations to utilize. According to Bain & Company’s prognoses, computing software and hardware will capture about 60 percent of all IT market growth. In this way, switching to cloud computing is becoming mainstream and those who adopted it will very soon meet the harvest-time. Software as a service (SaaS) is predicted to remain the demanded segment program, growing to $133.0 billion in 2021 and 151.1 in 2022.
Picture 2. Cloud service revenue forecast by Gartner
2. Advanced Security
Many organization executives that already implemented cloud computing to their business take security for granted. The future of cloud computing is clear when we talk about security. With more and more companies which turn to cloud computing, the issue of undeniable safety has become inevitable. Cybercriminals are always there where a large amount of data is stored. Nothing will change that, but what can be altered is reliability and security.
Security compliance is a joint responsibility of all stakeholders involved in overseeing security operations in an organization through the appropriate use of resources. In 2018 the EU’s General Data Protection Regulation (GDPR) came into action. It means that all cloud computing providers have already started to recognize the risks and are taking measures to be GDPR compliant.
3. Hybrid and Multi-Cloud Strategies Will Play a Key Role
451 research predicted that 69% of enterprises would have multi-cloud/hybrid IT environments by the end of 2019. Nevertheless, greater choice brings additional issues. It is also estimated that in the following years, the trend for hybrid and multi-cloud strategies will play a major role in the market.
A full cloud transformation is challenging for some enterprises. On the other hand, a multi-cloud strategy will enable organizations to use their own on-premises dedicated servers (or private clouds) for storing primarily sensitive data, leaving all the less critical workloads hosted with a public cloud provider. In its turn, a hybrid cloud solution operates with a similar concept mixing private and third-party cloud evenly distributing storing data.
4. IoT (Internet of Things) as a Dominant Point
The most discussed subjects during the last years are artificial intelligence, machine learning, and the Internet of Things. On the one hand, IoT makes all of us a part of a network allowing us to communicate with each other using any device connected to the network.
Now when every device has an exit to the global network, companies encourage using IoT in every sphere of their activity which is no-surprise. IoT devices can leverage cloud computing because they offer high speed, performance and flexibility. In addition, they offer enough storage space to keep data safe, find resources, and share information between different users in the same space.
In contrast to IoT, another phenomenon is gaining popularity. IoE (Internet of everything) is supposed to help us interact through devices connected to a specific network. This concept is constantly evolving, causing concern about data privacy and leading to the emergence of a new term “IoT security”.
Picture 3. Internet of things
5. Massive Expansion of Data Storage Capacities
As cloud computing is becoming a norm, more enterprises prefer storing a larger amount of data on the cloud. The future of cloud computing leads to a massive increase in data storage capacities. Improved storage technology will attract new enterprises and vice versa. This is a mutual-support dependence.
There is also a chance that due to the future competition between cloud providers, they will deliver more data centers at a lower price.
6. Flourishing of Internet and Business
Since cloud computing is mostly aimed at business, it would be weird if we didn’t see them enlarged in the near future. Along with the large development of data storage and security standards, buyers expect better and quicker connections from network providers. Consequently, this will lead to an increased desire to meet responsive and fast-loading applications and services. Those who’ll catch the wave will move rapidly to oversee and overhaul their PaaS, SaaS, and websites to be more responsive and user-friendly.
Cloud Computing in the Education Industry
Over a couple of previous years, we could see a big involvement of cloud computing in the education sector. And due to the COVID-19 pandemic, this involvement only grew bigger. Modern technology is a driving force for modern education and has various benefits for students and educators.
Students of all levels can benefit from all the data stored in one place. Heavy textbooks and floppy disk storage systems no longer serve the needs of a modern society.
Now during the pandemic, many educational institutions operate online and continue their education process remotely. Many researchers predict that even after the situation with COVID-19 is solved, the percentage of educational institutions working only online would be growing. Many college and university students struggle with trying to combine other activities with attending offline classes. The popularity of remote education could solve this problem as students would no longer be attached to the physical classrooms.
Cloud Computing in the Healthcare Industry
Moving to the cloud has also had many benefits for doctors and patients. Doctors now can access a patient’s medical history from any computer and have a wider understanding of their condition. Cloud computing has enabled the growth of programs that collect all medical data and insurance records of the patient, to simplify the process of determining the patient’s availability for insurance coverage.
The patients now also have quick access to their medical data, which increases their engagement in the process and helps them track their healthcare data. According to research, people who have access to their medical data are more likely to schedule annual visits to the doctor in order to monitor their health.
Cloud computing in the healthcare industry also cuts down operational expenses, while enabling medical facilities to deliver personalized and quality service.
Cloud computing is a phenomenon that can be traced back to 1999. For more than two decades, adapting to the last trends of cloud computing has been crucial for organizations. In 2020, cloud computing is gaining pace. Moreover, it has become one of the most promising and advanced ways of data storage. Cloud computing is highly appreciated for its mobility, reduced risks, and availability. It’s predicted that in the near future cloud computing will make a big jump leading to businesses flourishing, expansion of data storage capacities, high-rate security, etc.
Alyse Falk is a freelance writer with experience in digital marketing, technologies, content marketing, marketing trends and branding strategies. Alice also writes for several reputable sites where she shares her hints for creating content.
Small Business Guide to Amazing Customer Support
More from our blog
What do customer satisfaction and live chat implementation have in common? Take a look.
Customer journey analytics is here to tell you how your customers interact with your business. Here’s what you need to know about it.