Top 8 Cloud Trends to Watch in 2021 and Beyond
Over the past decade, the cloud tech has emerged as an inevitable aspect of the IT landscape. It has completely transformed the way businesses operate. The cloud tech has enabled organizations to innovate their business models and processes to pursue their core objectives without compromising agility.
The pandemic year 2020 has been crucial for the cloud, as it empowered global businesses to embrace the ‘new normal’ of remote working. The need to survive amid the pandemic has brought the cloud front and center. Result? An unprecedented global appetite for cloud adoption.
Vindicating this observation is the market reports according to which the global cloud services industry has burgeoned year over year to reach a USD 370 billion valuation in 2020. The cloud market witnessed a growth of over 380 percent in ten short years.
As the world is maneuvering towards the cloud, organizations striving to stay ahead of the curve must fathom the ebbs and flows of the cloud technology.
Here’s a list of cloud trends for 2021 and beyond to help you make the most of the tech:
Cloud Computing Trends in 2021 and Beyond
1) Edge is the new cloud
Technologies like AI, ML, and robotics call for greater processing power and speed. The high penetration of IoT devices is unwittingly spawning the issues of latency, bandwidth, and security. Edge computing is the key to harness the full potential of these advancements in the years ahead.
Edge computing is an emerging cloud trend. It involves deploying data centers for computing and data storage at the local levels. The data management and processing occur near the edge of the network where the data is generated, instead of in centralized data-processing centers. This wicks away the latency issues associated with relying on centralized networks.
By enabling organizations to store locally and only connect to the cloud when necessary, edge computing enhances the bandwidth. It also axes the load on the cloud and improves application deployment and delivery. Moreover, the new cloud trend enhances information security, thanks to the locally managed data centers.
2) Multiple clouds
Organizations are increasingly leveraging multi-cloud environments, for they aspire to fly cloud-ward without placing all their eggs in the same basket. Around 93% of enterprises have already adopted a multi-cloud strategy.
Moving forward, more organizations will likely build cloud-native apps with little to no reliance on a specific cloud provider. This enables enterprises to avoid vendor lock-in and exploit best-of-breed solutions. Some other significant benefits of adopting a multi-cloud strategy include better disaster recovery, optimal ROI, high level of security, and low latency. These value propositions alone justify the widespread adoption of multi-cloud infrastructure solutions in the future.
3) Hybrid Cloud
A multi-cloud strategy elicits the best from different providers – either private or public cloud. whereas, a hybrid cloud strategy explicitly zeros in on leveraging the best of both worlds.
Organizations can leverage the scalability and flexibility of the public cloud without losing sight of higher cost efficiency, security, and agility of the private cloud. To capitalize on this potential, around 87% of organizations have already adopted hybrid cloud strategies.
Moreover, the hybrid cloud services market is pegged to reach a USD 100 billion valuation by 2023, at an annual growth rate of 17 percent.
4) Cloud Automation
Enterprises are turning to automation to simplify the management of their private, public, and hybrid cloud environs. The global pandemic, and the resulting demands of new business environs, have bought intelligent automation front and center. It is no surprise that in 2020 one-third of organizations augmented their investments in cloud-hosted automation. While there are many USPs of adopting cloud-based intelligent automation, scalability, faster deployment, and cost reduction are the flagbearers.
5) Cloud Agnosticism
In the year 2020, there were several major cloud outages, stemming from the tremendous surge in demand caused by the pandemic. On average, the downtime due to cloud incidents lasts for almost two hours. And one in four companies mentioned that an hour of downtime could inflict financial loss of USD 1 to 5 million per annum.
The pandemonium has led organizations to recognize that the cloud-agnostic strategy is the key to cloud success. Deploying core business activities across various cloud providers axes the risk of downtime during prolonged cloud outages.
6) Serverless Computing
SMEs striving for competitive advantage can rely on serverless computing to achieve exponential growth with meager capital investment. The serverless infrastructure allows enterprises to spend for the exact cloud services they require. Another appealing aspect of serverless architecture is that it facilitates secure sandboxes to implement code. Bogging down the risk of back-end failure, the serverless approach enables dev teams the freedom to experiment and innovate with their cloud services.
The serverless computing market is expected to inflate at a growth rate of 25% between 2020 and 2025.
7) Human cloud
The human cloud is an emerging trend in the IT landscape, with 22% year-on-year growth. As the name suggests, it offers on-demand access to an extensive, flexible talent pool. This cloud-based platform connects skilled workforce and recruiters, offering an organization with multiple resources at low overhead expenses.
In the near future, online staffing services are likely to integrate deeper into the cloud, enabling the global IT ecosystem to close the talent gap.
8) Cloud Reality
Despite the massive potential of AR and VR technologies, their reliance on source computing devices has restricted their ubiquity. Cloud, along with 5G tech, can ax the hardware requirements of AR and VR and maximizes their potential.
The AR Cloud is still in its novice stage, it’s only a matter of time before technological innovations realize this revolution.
Capping it off
Pandemic has made it apparent that the future is in the cloud. These varied trends will help you understand what’s going on in the industry and align your business to leverage them earnestly. As the cloud landscape never ceases to evolve, partnering with external cloud service providers like Veritis will prove essential to acheive sustained growth in 2021 and beyond. Reach out to us when you’re ready to take off!
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