How Long Will Cloud Computing Stay In the Market?

By: Naveen
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This is the world of innovation and automation.

The technology is snipping human efforts inch by inch, speeding up business operations and bringing down the cost and workforce requirements.

With it, businesses are feeling safer and more secure.

Among the most effective and powerful tools in the IT industry is the invention of cloud computing.

It has changed the way IT solutions are delivered and how end-users use them.

According to an article published in the Financial Express, 8% of SMBs having over 100 employees have resorted to cloud computing. The newspaper also predicts that the cloud market will reach over $3 billion by next year—an almost five-fold increase from 2012.

Let’s discuss what’s cloud computing and how long it will stay in the IT industry.

Cloud Computing

Cloud computing is the on-demand delivery of computing services such as storage, servers, databases, software, networking, analytics and more—over the Internet (“the cloud”). Those companies that deal with computing services are known as cloud providers. Such companies typically charge for cloud IT services on a pay-as-you-go pricing basis. It’s one of the most significant tools in the digital landscape. Its space is growing and will continue to do so.

Cloud Computing & Its Future

No doubt, the years 2016, 2017 and even 2018 have witnessed a rapid growth of cloud applications, and more apps are supposed to rise in 2019.

In India, businesses of all sizes have already made a significant investment of their IT spend on cloud computing, and these numbers are estimated to see exponential growth in the following year.

Today more and more businesses are focusing on cloud-based services.

More than 70% of Indian companies have currently adopted the cloud-based infrastructure, and are planning to implement it in the coming year… Forrester.

Estimating how long cloud computing will stay is uncertain. However, based on the factors given below it’s not wrong to say that the future of cloud computing is prosperous.

Cloud Computing Growth Factors

A cloud platform provides you with rapid access to flexible and low cost IT resources. With it, you don’t need to make large upfront investments in hardware and spend a lot of time on the heavy lifting of managing that hardware. The cloud technology empowers you to facilitate exactly the right type and size of computing resources you need to operate your IT department.

Here are some underlying factors:

Simple Access – The cloud computing enables you to access your servers, database, storage and a wide range of application services over the internet without any hassle. The cloud service providers maintain the network-connected hardware required for these application services.

Demand for Hybrid Cloud – The demand for hybrid cloud will continue to grow due to following factors:

  • Features of using a mix of private cloud and a third party, public cloud services,
  • Use of right composition between the two platforms
  • Letting data travel between the private and public clouds
  • Excellent flexibility and better data deployment options to businesses.

Variable Investment –

With the cloud computing invention, businesses don’t need to pay to invest heavily in data decenter and servers before knowing how they will use them. They can, instead, only pay when they consume computing resources and only pay for how much they consume.

Massive economies of scale – With the successful implementation of cloud computing, you are able to enjoy a lower and flexible cost when compared with the price you get on your own. It’s because hundreds of thousands of customers are aggregated in the cloud, the service providers are able to achieve higher economies of scale which translates into lower pay as you go prices.

Easy Work – Being the latest technology in the industry, and continuing to upgrade its features, cloud computing makes life easier for people at their workplace. It’s now more comfortable and easier for them to deal with vast amounts of data and information.

Remote Data Storage – The cloud computing technology uses servers for storing and maintaining your data. You don’t need to have physical servers, software or hardware for this. You just need an active internet connection to access your data.

No Fear of Data Loss – Since all your data is available on Cloud, there is no risk of losing them in any unforeseen situations like fire, server malfunctions, technology failures, etc.

Increased speed and agility – When you have a cloud computing environment, you’re just a click away from new IT resources. You don’t need to spend a considerable amount of time in making those resources available for you. This leads to a dramatic increase in agility for your business. The cost and time are significantly lower.

Final Opinion

The bottom line is that cloud computing is contributing to the industry growth in almost every sphere of life. Predicting a particular age of Cloud IT Services is tough. But, it’s sure that it will flourish and witness even a greater success in future.

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