How cloud computing has changed the future of internet technology & Our Lives

Cloud computing has the potential to generate a series of disruptions that will ripple out from the tech industry and ultimately transform many industries around the world,” says John Hagel, co-chairman of the Deloitte Center for the Edge, Deloitte’s Silicon Valley-based research center.

Cloud computing has evolved as a key computing paradigm, allowing for ubiquitous simple on-demand access to a shared pool of configurable computing resources through the Internet.

As companies move much faster on their digital transformation journey, companies are looking for ways to increase agility, business continuity, profitability and scalability. Cloud computing technology will be at the heart of every strategy to attain these aims in the new normal.

In 2019, before the pandemic, the global cloud computing market size was valued at USD 266.0 billion, and the Compound Annual Growth Rate (CAGR) was expected 14.9% from 2020–2027. But, after the pandemic, the expected CAGR is 17.5% by 2025 only. It is showing rapid demand for cloud computing worldwide.

Cloud technology allows businesses to scale and adapt quickly, accelerating innovation, driving business agility, streamlining operations and lowering costs. This will not only help companies get through the current crisis, but it could also contribute to improved, long-term growth. Here are some forecasts about how cloud computing will influence the future.

Data generation is at an all-time high, and it’s just getting higher. It’s difficult to keep such a big amount of data safely. Most businesses continue to keep business and customer data in physical data centers.

🖳 Cloud Computing

Another important technology of this decade is IoT (the internet of things). With advances in cloud computing and real-time data analytics, it is always changing. M2M communication and data sharing are two processes that happen at the same time. With cloud computing, all of this is easy to handle.

🖳 Enhanced cloud services

Cloud computing provides a variety of services. Platform-as-a-service (PaaS), software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS) are the leading ones. These services are critical to attaining business objectives. Many studies and assessments have indicated that cloud computing will be a dominant technology soon, with SaaS solutions accounting for over 60% of the workload.

🖳 Major players of cloud computing

1. Amazon Web Services
2. Microsoft Azure
3. Google Cloud Platform
4. Alibaba Cloud
5. IBM