With cloud computing on the rise, it’s only natural that the cloud services and solutions will also grow.
Bain & Company predicts that Software as a Service (SaaS), where software is licensed on a subscription basis and is centrally hosted, will grow at an 18% CAGR by 2020. The likes of Google Apps, Salesforce, and Citrix GoToMeeting will most likely continue to represent the largest cloud market.
According to KPMG, Platform as a Service (PaaS) adoption is predicted to be the fastest-growing sector of cloud platforms — growing from 32% in 2017 to 56% adoption in 2020. PaaS solutions provide a platform that allows customers to develop, launch, and manage apps in a way that is much simpler than having to build and maintain the infrastructure.
According to Statista, Infrastructure-as-a-Service (IaaS), which provides virtualized computing resources over the internet, will have a market that is predicted to reach $17.5B worldwide in 2018. Amazon holds the largest IaaS market share with Amazon Web Services (AWS) and will be competing with other cloud infrastructure services including Microsoft Azure and Google Compute Engine (GCE).
2018 will be the year where Adoption of Enterprise Cloud Services improves; Consumer Cloud Services will skyrocket, Cloud-based File Sharing Services will Increase, Collaboration Services will become more familiar, Social Media Services will get democratized and get the highest adoption.
In January 2019, Flexera surveyed 786 technical professionals across a broad cross-section of organizations about their adoption of cloud computing.
Cloud Computing – A perspective
The 2019 State of the Cloud Survey identified several key findings: 84 percent of respondents have a multi cloud strategy Public cloud adoption is 91 % and private cloud is 72% Most organizations leverage almost five clouds on an average
Enterprise cloud spend is significant and growing quickly Companies run a majority of workloads in cloud Enterprise central IT focuses on managing and optimizing cloud costs.
The number one priority seems to be optimising costs on cloud The cloud is a means, not an end. Success in modernizing IT through the cloud is driven by a complete standardization and automation strategy.
According to Mckinsey cloud-computing adoption has been increasing rapidly, with cloud-specific spending expected to grow at more than six times the rate of general IT spending through 2020.While large organizations have successfully implemented specific software as-a-service solutions or adopted a cloud-first strategy for new systems, many are struggling to get the full value of moving the bulk of their enterprise systems to the cloud.
The idea of moving the existing It framework or migrating internal IT systems onto a cloud platform may not be the most effective utilizations of full suite of cloud services and therefore thinking and doing technology enabled services in the digital era may be the need of the hour and brands can occupy a high ground in this area.