Five trends shaping the cloud computing space

Infiniti Research, the market intelligence solutions provider, has revealed the top trends shaping the cloud computing market.

The trends show how organisations are no longer looking at cloud computing solely as a tool; now the emphasis has shifted towards finding the right way to use it so they can achieve their goals.

Here are the five trends in full that Infiniti Research has reported:

 

  1. Growth in cloud services

Software as a Service (SaaS) came as a gift for consumers and organisations, as it provided them with financial and operational elasticity. The growth of services such as Paas, IaaS, and SaaS has extended the number of cloud solutions existing in the public and private sector. Industry experts forecast that the market for SaaS is expected to grow 18% annually by 2020. The likes of Salesforce, Citrix GoToMeeting, and Google Apps are most likely to be the foremost players in the cloud market.

 

  1. Hybrid cloud solutions

Several organisations are not very fond of the idea that their data and systems are present somewhere in the cloud. At least not all the data with a single cloud provider. As a result, several cloud providers are opening up APIs on platforms for offering connectivity to several solutions. This allows providers synchronisation inside cross-functional processes, data management, and systems and various tools.

The hybrid cloud solutions also comprise cloud to on-premise connectivity, where enterprises keep their on-premise solution but also attach to the cloud with heavy customisation that fits their business needs. It is typically done for security reasons or when complete migration to the cloud becomes costly and time-consuming.

 

  1. Increased cloud storage capacity

Data storage should also grow exponentially in a similar manner as more and more businesses jump into the cloud computing bandwagon. Service providers are trying to upsurge their capacity with larger-capacity storage equipment and more data centres. It is projected that the total storage capacity in the cloud computing space is anticipated to grow over a zettabyte of data by the end of 2018.

Such an exponential growth in storage would also push the growth of big data analytics. Storing such massive amounts of data and deriving insights out of them could garner precise customer behaviour, strategic financial investment, and human systems.

 

  1. Cloud computing and Internet of Things (IoT)

Cloud computing takes centre stage when it comes to IoT. Cloud computing platforms are the reason behind IoT becoming a reality, as it allows remote access to devices such as cars, household appliances, and electronics to communicate together. In the future, we can see more and more devices being compatible with IoT, which will subsequently drive the overall cloud usage.

 

  1. Security challenges

The previous year, we saw a foray of cyber-attacks troubling companies from the famous WannaCry ransomware to the Equifax data breach. In the coming years, the security for cloud computing is expected to be bolstered significantly.

However, the level of cyber-attacks will also become sophisticated, which is why businesses are investing in tools such as security information and event management (SIEM) and malware detection systems. Such an enhanced security will urge businesses to trust the cloud services.

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