As we move further into the world of Cloud, all the IT experts whole-heartedly agree that it is going to be at the forefront of all the things that will solve current business challenges. A report published few years ago showed that the Enterprise Cloud spend will increase at a CAGR of 16% between 2016-2026. As per another report, by the end of 2021, around 83% of company workload will be stored in the cloud. Cloud has gradually evolved as just an additional tool to become major strategic aspect of the entire IT landscape.
Moreover, ever since the pandemic took the entire world by storm, the increased consumption of Cloud services to boost business resiliency & maintain business continuity served as the validation needed for understanding why Cloud is not the future anymore. It’s the present.
As a result, global cloud adoption will continue to expand rapidly. A recent report by Gartner forecasts end-user spending on public cloud services to reach $396 billion in 2021 and grow 21.7% to reach $482 billion in 2022. Additionally, by 2026, Gartner predicts public cloud spending will exceed 45% of all enterprise IT spending, up from less than 17% in 2021.
Here are the major Cloud Strategy trends to understand the role of Cloud Services better:
Hybrid cloud computing refers to using a combination of the private cloud as well as a third-party public cloud service. It is primarily used to allow workloads to move between private and public clouds, giving users more flexibility with their computing needs. Hybrid/multi-cloud provides enhanced security features, SaaS capabilities, consistent server reliability, customizable capabilities, and top performance. But what makes it so desirable is the flexibility it offers and its reduced cost, making it fit for even growing businesses.
Cyber attacks, data outages, and system failures are a part and parcel of running a business these days. Most businesses have dealt with their servers crashing, leading to loss of critical data files. To ensure such issues don’t damage the organization and its processes, backup and disaster recovery has become a trending use case of the cloud. If Spiceworks reports are to be believed, 15% of the cloud budget is allocated to Backup and Disaster Recovery, which is the highest budget allocation followed by email hosting and productivity tools.
A cloud-based backup and disaster recovery solution is like a recovery strategy. The system automatically stores and maintains copies of electronic records within an external cloud server as a security measure in case the original files are lost.
The cloud basically brings together two operations – backup and recovery. Now, this recovery solution allows for easy retrieval of lost data in case an error occurs or the server crashes.
3. Cloud Security:
Data theft, leakage, and deletion- security is a big challenge even for traditional IT infrastructures. But, with more companies moving to cloud platforms, it’s important to ensure that cloud service providers can create an airtight security system to guarantee the safety of their client’s data.
Cloud security is not just a trend in cloud computing this year, it’s a necessity that is prioritized by every organization. Moreover, with the introduction of General Data Privacy and Management (GDPR) in late 2018, security concerns have increased hurdles for cloud technology security compliance.
Hence in 2019, there is a huge demand for cloud security providers that ensure data practices fully comply with GDPR and other compliance essentials.
Through 2022, at least 95% of cloud security failures will be the customer’s fault.
4. Sustainability and “Carbon-Intelligent” Cloud:
Nearly half of the respondents in the 2021 Gartner CEO Survey believe climate change mitigation will have a significant impact on their business. Cloud providers are responding to this growing focus on sustainability by instituting more aggressive carbon-neutral corporate goals, which creates new challenges for infrastructure and operations (I&O) leaders.
“New sustainability requirements will be mandated over the next few years and the choice of cloud services providers may hinge on the provider’s ‘green’ initiatives,” said Henrique Cecci, senior research director at Gartner.
To conclude, it is crucial to find the right Managed Services Partner that is reliable and enables you to focus on your core strength while ensuring Cloud & IT is a business enabler for you. At Progression, we work with you closely to provide you with an optimized, adaptable & secure solution that helps you move from operational aspects to strategic aspects of IT.