With the rise in popularity of cloud computing, software service providers have seized the opportunity to win business by providing new and improved technology solutions. Efforts to manage aspects such as the security, latency and complexity of these cloud-based infrastructures have led to several noteworthy trends occurring in the cloud computing market.
Based on recent activities in the software world, it is safe to say that cloud computing is an industry that is not going away anytime soon. According to a recent report presented by ReportLinker, the size of the global cloud computing market is expected to reach $ 1.1 trillion by 2028, with market growth of 15% CAGR during this forecast period. Factors influencing this increase include the digitization of workloads following the COVID-19 pandemic and advanced business services provided by cloud technology.
Read on to learn about some of the key cloud computing trends that we at TechRepublic anticipate will keep.
Top 5 trends in cloud computing
Expansion to the limit
As more users make the transition to the cloud, providers are developing more ways to promote the use of edge computing. By allowing users to process their data at the edge of their network, these companies allow connections from virtually anywhere.
Edge computing can provide greater security, efficiency, and reduced costs for users who would store their data locally. Furthermore, it can allow access to areas normally without connections and allows continuous and autonomous operations even in the event of disconnection. For this reason, many organizations that require connections in extreme environments have chosen to adopt this technology.
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Conducting processing at the edge of a network can also minimize network latency and reduce bandwidth demands. These are driving factors for adopting edge computing to support increasingly popular uses such as virtual reality systems.
Security and regulatory compliance updates for cloud computing
Cloud security systems and data loss prevention solutions help organizations protect their infrastructures and adhere to cybersecurity standards, which can otherwise become difficult to manage. Conducting business operations on cloud or hybrid systems can expose organizations to greater risks of security breaches and cyber threats.
Operational compliance and reporting risks pose significant risks to organizations adopting cloud computing, as they can lead to financial penalties, data breaches, and damage to the company’s reputation and customer trust. However, adopting cloud security solutions such as governance policies and compliance automation can reduce the likelihood of these risks.
Fortunately, many vendors provide solutions for organizations that want to benefit from the flexibility of cloud computing without putting their security at risk. These systems can offer data loss prevention features such as encryption, authentication, endpoint protection, and access management.
Additionally, configuration or compliance vulnerability scans can also be run through these solutions to help users stay one step ahead of cybersecurity threats. For now, this trend is ongoing, with many vendors focusing on the goal of providing centralized security management solutions.
More hybrid and multi-cloud infrastructures
While some organizations have completely shifted to cloud computing, others still operate on hybrid infrastructures. Some also appreciate the flexibility of multi-cloud infrastructures that offer access to on-premise technologies, private clouds, and public clouds. Unfortunately, while these infrastructure models help facilitate digital transformation, they can also lead to greater complexity and cost for users.
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A growing trend in these infrastructures is in securing potential larger attack surfaces for organizations using these models. As greater complexity leads to greater vulnerabilities, vendors are designing solutions to defend these systems from cloud-related security threats.
Cloud application development and migration and diversified cloud data storage are other popular topics related to hybrid and multi-cloud infrastructures. For organizations that want assistance with these processes, vendors are already offering support services. We can expect to see even more advancements in this space that can help reduce the complexity of these models, so that users can use a hybrid workspace or leverage public cloud capabilities while maintaining greater control of a private cloud.
Normalization of artificial intelligence and ML
Yes, you read that right: the normalization of AI, ML, and even automation is a trend that probably won’t go away anytime soon. These technologies enable features that consumers want, and service providers are doing their best to meet these needs.
Artificial intelligence and automation have become commonplace in cloud technologies, and machine learning is catching up. ML algorithms can take business decision making to the next level by enabling organizations to evaluate potential opportunities and predict risk factors. In addition, the data to train machine learning models supports solutions better suited to the needs of the organization.
Cloud and backend operations are likely to continue to include AI for analytics capabilities and solutions that can react appropriately to external influencers. For example, organizations use serverless cloud technology to automate IT management tasks. Quantum computing is another emerging technological trend that allows information to be processed at a high speed, leading to faster times to obtain detailed information and perform automated actions.
Greater attention to green computing initiatives
Perhaps companies have realized that consumers appreciate supporting activities that prioritize environmental protection, or perhaps they genuinely care about the well-being of future generations. Either way, green computing initiatives have become a growing trend in the cloud computing scene and service providers don’t hesitate to mention it in their marketing campaigns.
The drive to adopt environmentally friendly practices through cloud-based services primarily aims to support sustainable processing by reducing energy consumption, carbon emissions and physical storage. According to a recent report by MarketsandMarkets, the size of the green technology and sustainability market is expected to grow from $ 11.2 billion in 2020 to $ 36.6 billion by 2025, with a compound annual growth rate of 26. , 6% during this forecast period.
While cloud computing is generally seen as an environmentally beneficial option, companies in the industry have stepped up their efforts towards greener initiatives and minimizing their carbon footprint. For example, AWS has adopted more sustainable cloud technologies, such as more energy-efficient hardware designs, airflow technology to reduce the energy requirement for cooling systems, and the use of renewable energy within its data center.