Well she’s walking through the clouds
With a circus mind that’s running wildJimi Hendrix
Cloud computing is undoubtedly one of the 21st century’s most significant innovations. To help you come to grips with the scope of the industry, we’re going to look at the latest cloud computing trends.
So, without further ado, let’s fly up in the sky and see what we can find for ourselves.
Exciting Cloud Trends (Editor’s Choice)
- 100% of the global population is predicted to have LPWAN coverage by 2022.
- 3.6 billion was the number of cloud users in 2018.
- 96% of respondents to a survey said they were using both public and private cloud services.
- $175.8 billion was the value of the public cloud computing industry in 2018.
- 260% was the percentage increase in the number of cloud-based apps on the market between 2013 and 2016.
- 81% of businesses had a multi-cloud strategy in place in 2018.
- 70% of IT expenditures in 2020 are on cloud services.
Recent Cloud Computing Trends
Today, we have so much data and so many devices that we want to access it on, that physical storage just isn’t convenient enough for most people.
Imagine having to go through your USB-drives every time you wanted to access some music or photos.
What a nightmare!
With cloud computing services, data can be accessed at any time, anywhere. It’s safe to say that cloud computing has changed the way we store information. And as you’ll learn today, even large organizations with large amounts of data depend on cloud computing for their storage needs.
1. By 2022, 100% of the world’s population is expected to have LPWAN coverage.
Low power wide area networks (LPWAN) are expected to cover 100% of the population by 2022. As of 2017, only 20% of the worldwide population had access to LPWANs.
2. 2018 trends in cloud computing show that there were 3.6 billion people using cloud technology.
The latest cloud technology just gets bigger every year – and understandably so. The more people use the internet, the more data we have to store. So, the number of cloud users tends to increase with each year.
Check this out:
Back in 2013, the industry had only 2.4 billion users. But within five years, the number climbed by 50% to 3.6 billion users. What these people are using the most are the most popular services like Dropbox, iCloud, etc.
The cloud makes it so easy for us to store and share our information. But as you’ll see, large companies have an even bigger and more important use for cloud services.
3. 96% of respondents to a 2018 survey said they use both public and private cloud services.
Both the public and private cloud computing sectors have been growing since 2017. For the public sector, the percentage grew from 89% in 2017 to 92% in 2018. As for the private cloud sector, there was an increase from 72% in 2017 to 75% in 2018.
4. The public cloud computing sector was valued at $175.8 billion in 2018.
In 2018, the public cloud services sector was valued at an impressive $175.8 billion. During that time, experts predicted that there would be a 17% growth in 2019 to $206.2 billion.
5. The number of cloud-based apps increased from 545 to 1427 from 2013 to 2016.
(Sky High Networks)
Businesses are rapidly moving towards the “no-office” lifestyle and embracing the latest technology in cloud computing.
So, cloud computing becomes ever more crucial as the solution for information sharing via a secured network. Using services like Office365 has become standard practice in offices around the world. And with the drive to meet demands, the number of cloud-based apps increased by a whopping 260% from 2013 to 2016.
6. In 2018, 81% of businesses had a multi-cloud strategy in place, computing trends reveal.
While there was a slight growth in the number of businesses using multiple public clouds and multiple private clouds, businesses who were planning to implement hybrid strategies in both sectors dropped from 58% in 2017 to 51% in 2018. Multi-cloud strategies remain popular with most businesses.
7. Organizations employ up to an average of five clouds.
Specifically, the study found that organizations used an average of 4.8 private and public clouds. The study also found that organizations are already running an average of 3.1 cloud applications while experimenting with an average of 1.7 more.
8. By 2019, 90% of businesses were using some type of cloud service.
Cloud computing future trends predictions back in 2017 illustrate that a whopping 90% of businesses would use some type of cloud service by 2019. Cloud adoption trends also predicted that by 2019, 60% of businesses’ workloads would be on a hosted cloud service, which is a 15% increase from 2017.
9. 74% of CFOs attested that cloud computing had a significant impact on their businesses in 2017.
The cloud trend is slowly shaping the way organizations work. Forbes has found that nearly three-quarters of Chief Financial Officers agree that new cloud computing technology has improved the way their companies are working, as cloud platforms allow organizations to effectively communicate on a global scale.
Many of these CFOs are also supporters of other innovative technology such as 3D printing, virtual reality, artificial intelligence, and other creations.
10. Cloud computing predictions for 2020 show that 70% of IT expenditures will be on cloud services.
Cloud computing is becoming a requirement for businesses. And in 2020, over two-thirds of all IT expenditures are expected to be invested in cloud computing technologies.
11. $2.9 billion was the estimated spending for India in old and new technology in cloud computing in 2019.
To illustrate the growth of cloud computing, we can look at India’s estimated spending of $2.9 billion in 2019 as a good example.
Here’s the deal:
According to the IDC, the figure represented a mind-blowing growth of 34.5% from 2018. Although the growth of annual spending is expected to be moderate, the IDC cloud computing forecast estimates that there will be a five-year Compounded Annual Growth Rate (CAGR) of 33.9% between the years 2017 and 2022.
12. Cloud trends show that 75% of organizations will have a multi-cloud or hybrid-cloud model in place by 2020.
Using a hybrid-cloud model has been proven to be more cost-effective, scalable, agile, and secure. Because of this, Gartner Research estimated that by 2020, at least 75% of organizations will have either a hybrid cloud or a multi-cloud model.
13. Cloud computing market trends suggest the hybrid cloud market will grow by 17% between 2018 and 2023.
(Markets and Markets)
The hybrid cloud market is expected to hit $97.6 billion by 2023, illustrating a 17% increase from $44.6 billion in 2018.
Key takeaway:Hybrid cloud remains a secure, scalable option for organizations moving forward. Click To Tweet
14. $740,357 is the cost for businesses to mediate a data center outage.
While the cloud is often referred to as a cost-effective solution for hosting, this cloud computing trend reveals that it costs organizations a whopping $740,357 each time there is a data center outage.
This trend also shows that enterprises are spending a mind-boggling $700 billion annually on IT downtime. According to estimations, downtimes cost companies around $9,000 a minute. Wow!
2020 Growth Trends for Cloud Computing Service Providers
In accordance with the growth of cloud computing trends, cloud computing service providers are also growing. Let’s take a look at some of the notable companies, including AWS, Microsoft Azure, IBM, and Google Clouds.
15. The IaaS (Infrastructure as a Service) market is expected to hit $76.6 billion by 2022.
In 2019, Gartner predicted the IaaS industry would grow by 27.5% and hit $38.9 billion by year-end. Further predictions show a promising estimate of $76.6 billion by 2022.
16. $25.7 billion was the revenue of Amazon Cloud Solution (AWS) in 2018.
15 years into the game, Amazon is still dominating the web hosting industry and the new cloud. In 2018, Amazon’s cloud-computing business, Amazon Cloud Solution (AWS), made $25.7 billion in revenues, which represents a 47% increase from 2017.
17. AWS remains the most popular in terms of the public cloud sector, followed by Azure, Google Clouds, and IBM.
(Sky High Networks)
AWS remains a public favorite for public cloud infrastructure with a 41.5% share. Coming in second place is Azure with 29.4%, followed by Google Cloud with 3% of the application workloads, whereas IBM and other long-tail providers consisted of another 20.7% of the industry.
Q: What is the future of cloud computing?
Judging by the latest cloud computing trends, the future of the cloud looks very promising. Enterprises both big and small are searching for innovative ways to organize, process, store, and present data across their borders. Cloud computing creates a virtual workspace for businesses to connect entire teams and departments from anywhere in the world.
As a result, experts predict that the future of cloud computing will consist of either a multi or hybrid IT solution that allows for scalability, flexibility, security, and control of a secured data center.
Q: What is trending in computer science?
Currently, there are five exciting, up-and-coming trends in the world of computer science.
Firstly, there’s the growth of artificial intelligence and robotics that is expected to be worth $80 billion by 2024.
Secondly, big data analytics is also expected to grow, as organizations continue to find a way to utilize big datasets and improve their services.
Thirdly, computer-assisted education, followed by bioinformatics.
And lastly, there’s cybersecurity, as phishing attacks remain relentless, alongside other cyber threats
Q: What is cloud computing technology with an example?
Cloud computing enables you to access your data on-demand, on any device, as long as you are connected to the internet. It also enables on-demand computing services like Office365 and virtual storage providers like iCloud and Dropbox.
Companies often use these services to avoid having to acquire their own IT infrastructure, which is usually a very costly purchase that also constantly requires maintenance over time. Cloud computing service providers are a more cost-effective solution for both individuals and large organizations.
On top of the financial aspect, storing all your data in a cloud makes it incredibly easy to share and cooperate on this data.
Q: Why do we need cloud computing?
Since the introduction of the cloud computing industry, companies and individuals alike have rapidly adapted it into everyday lives. Cloud computing offers many benefits to consumers, as it’s convenient and very much aligns with our expectations for the future.
Let’s look at some of the main benefits:
Firstly, it is efficient, as it allows users to access information from anywhere in the world as long as they have access to the internet.
Secondly, providers of cloud services place a high priority on protecting their client’s sensitive information.
Thirdly, cloud computing enables everyone, whether big or small, an outlet to backup and store data in an accessible and reliable manner using the latest computing technology.
Fourthly, cloud computing offers flexibility in terms of scalability, as businesses can opt for cloud services that suit their daily workloads.
Lastly, the most commonly known benefit of cloud computing is that it’s a cost-effective solution for storing, processing, and managing large amounts of data. Overall, according to cloud computing trends, cloud computing will become a necessity in the near future.
Looking at these trends allows really only one conclusion:
While the future is often uncertain and hard to predict, cloud computing is here to stay, as more and more new cloud technologies and new cloud services are being rolled out on a regular basis.
Additionally, our technical capabilities are ever-increasing, and there are very few reasons, mostly tied to security, that would be an argument against adopting more cloud computing services.
The convenience is certainly a very convincing factor for most users, whether private or business.
IT plays an important role in our world, as data has gained entirely new importance over the last decade or so as the “internet’s currency.” Cloud computing is the future, cloud computing trends tell us and, quite honestly also already the present, of how we handle this data.
So, it looks like we’re all walking through the clouds.
Fly on, little wing!