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What are the biggest cloud computing trends not to overlook in the near future?

Given the rapid progress and unpredictability of today’s tech-driven world, many business owners are baffled by how to adapt and respond to continuously changing market and customer demands. While there’s no one-size-fits-all solution to address this complex challenge, having a strategic weapon in your arsenal is essential. That’s where cloud computing comes in.
12 min read
cloud technology trends
cloud technology trends

    Companies are increasingly recognizing cloud computing technology as the cornerstone of contemporary information technology (IT), lying at the heart of the digital transformation process. Cloud computing never ceases to develop and expand, accommodating the diversifying needs of businesses across various sectors. According to Mordor Intelligence, the cloud computing market is predicted to grow from $680 billion in 2024 to $1.44 trillion in 2029, with a CAGR of 16.40% over the forecast period. In this article, we explain the concept of cloud computing and explore its most significant trends that everyone must be ready for in the near future.

    cloud computing market size
    cloud computing market size
    cloud computing market size

    Source: Mordor Intelligence

    Cloud Software Development

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    What are the biggest cloud computing trends in the coming years?

    As a multifaceted and mainstream technology, cloud computing is continuing to evolve in leaps and bounds. What, though, does the cloud computing future hold? Let’s discover what emerging cloud trends we can expect in the coming years.

    future trends in cloud computing
    future trends in cloud computing
    future trends in cloud computing

    AI-as-a-service

    Cloud computing is playing a pivotal role in democratizing AI, making it more accessible to businesses. To avoid substantial expenditure on extensive computing resources, companies turn to various cloud providers that offer AI-as-a-service (AIaaS) functionalities over the cloud through a subscription business model. This new paradigm empowers businesses to unlock the transformative potential and capabilities of artificial intelligence services, such as machine learning (ML), natural language processing (NLP), and third-party APIs. According to a report by Business Research Insights, the AIaaS market is predicted to grow from nearly $2 million in 2021 to over $12 million by 2031.

    ai as a service market size
    ai as a service market size
    ai as a service market size

    Source: Business Research Insights

    Emerging technologies integration

    Cloud computing is the major force behind not only AI but also other emerging technologies, such as blockchain, the Internet of Things (IoT), quantum computing, and more. In most cases, integrating these advancements with cloud computing doesn’t require massive investment in specialized hardware, software, and infrastructure. It also brings a plethora of other significant advantages. Thus, incorporating blockchain into cloud platforms increases the transparency and security of cloud-based transactions while ensuring data integrity and traceability within cloud environments. By providing a more scalable cloud infrastructure, cloud computing facilitates the monitoring of IoT devices and sensors, enabling real-time data analytics and insights to enhance the decision-making process. Although quantum computing is still in its nascent stage, integrating it into cloud platforms can significantly enhance the computational power of the cloud. It can also facilitate the development of quantum algorithms, simultaneously driving cloud innovation.

    FinOps

    The adoption of the FinOps framework is another significant trend in cloud computing. FinOps is a cultural practice used by businesses to promote shared accountability for cloud expenses. The primary goal of this practice is ensuring that companies boost the business value of their cloud investment. To achieve this goal, organizations assemble their cross-functional teams from technology, finance, and business departments to collaboratively reach efficient cloud spending decisions. Based on an analysis by the FinOps Foundation, businesses can foster a FinOps culture by using multiple initiatives, as set out below:

    finops cloud
    finops cloud
    finops cloud

    Source: FinOps Foundation

    Multicloud adoption

    With public clouds having dominated the cloud computing market for years, companies have felt a massive need for an optimal cloud paradigm to accommodate their specific workloads and data types. This need has prompted them to adopt the multicloud model, which is now becoming an increasingly popular cloud trend. The multicloud model involves using cloud computing services from several providers, including any combination of public, private, and hybrid cloud solutions. This comprehensive approach to cloud computing allows organizations to optimize cloud services based on their exact needs, avoid vendor lock-in, and enjoy increased levels of both flexibility and cost-effectiveness. According to Forbes, up to 85% of companies will adhere to a multicloud strategy in 2024.

    multi cloud strategy
    multi cloud strategy
    multi cloud strategy

    Source: Forbes

    “It’s been just a short time since the widespread adoption of microservices, and DevOps and CloudOps, as a specific case, have taken over almost the entire spectrum of automation across all areas of development. I am confident this trend will only continue to grow.”

    Anton Philin

    Group Manager of DevOps Department

    Legacy Application Modernization

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    Conclusion

    F.A.Q. about cloud computing

    • Simply put, cloud computing is the delivery of computing resources on demand via the Internet.

    • Cloud computing includes public, private, and hybrid clouds, supporting various computing services through IaaS, PaaS, and SaaS models.

    • There are several reasons why numerous businesses have made significant investments in cloud computing. By adopting cloud infrastructure, organizations can increase the scalability, agility, flexibility, and elasticity of their operations. They can also enjoy significant cost savings, enhanced security, lightning-fast performance, and improved productivity.

    • Popular trends in the cloud computing realm will include AIaaS, emerging technologies integration, FinOps, sustainable cloud computing, cloud-native development, and low-code and no-code cloud services. Other notable trends will encompass multicloud adoption, serverless computing, edge computing, real-time cloud infrastructure, ICPs, and cloud security and privacy.

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