Cloud computing has become an essential part of digital transformation, enabling businesses across various industries to leverage the power of technology and innovation to drive growth and success. The rise of cloud computing has been phenomenal, with the public cloud services market expected to grow by 18.4% in 2021, reaching a total of $304.9 billion. In this blog post, we will explore some of the key trends and drivers in cloud computing and digital transformation.
Edge Computing
One of the significant trends in cloud computing is edge computing. Edge computing allows businesses to process and analyze data closer to the source, reducing latency and enabling real-time decision-making. This trend has become increasingly important with the rise of the Internet of Things (IoT), where devices generate vast amounts of data that need to be processed quickly. According to a report by MarketsandMarkets, the edge computing market is expected to grow at a CAGR of 34.1% from 2020 to 2025.
Multi-Cloud Adoption
Many businesses are adopting a multi-cloud strategy, leveraging services from multiple cloud providers to meet their specific needs. This trend has become popular as different cloud providers offer unique features and capabilities. According to a report by Flexera, 93% of enterprises have a multi-cloud strategy, and 87% have a hybrid cloud strategy that includes both public and private cloud services.
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