If you don’t understand Cloud Technology, you probably should. The Cloud is where all business will be done in future.
Quite simply, the Cloud is where all your computing services are stored1, everything from servers and storage to databases and data analytics2. Estimated to surpass $1 trillion by 20283, your business needs to have a point of view about it. The rise of virtual reality, the impact of open-source coding, remote networking3 and the societal shift to smart cities and automobiles will fuel a massive demand for data storage.
So, having a forward-thinking, Cloud-based operational strategy is the best possible way to future-proof your business.
The influence of Cloud Technology is already huge
From our reliance on smartphones, to the latest in business innovation, Cloud Technology is of paramount importance. The global mobile Cloud computing market is expected to reach $118.70 billion by 2026. This explosive growth is driving a new era of app development, where Cloud-based mobile apps harness AI, IoT, and machine learning to deliver smarter, faster, and more personalized experiences to users around the world.
Augmented Reality and Virtual Reality
Increasingly powerful smartphones are exposing both technologies to a wider audience, which in turn is fuelling a rise in the number of applications being developed - most of which require access to the cloud to function properly. Many new companies can be found operating in the space where Cloud Technology meets AR/VR.
Open Source
Developers are increasingly open sourcing their work, directly impacting and increasing the growth of Cloud-enabled services.
Code creators are offering their code via Application Program Interfaces (API) and a quick search of API marketplaces such as Programmable Web or Mashape reveals the vast amount of open-source APIs already available.
This trend is leading to a significant increase in the number of Cloud-specific companies being formed, all based upon open-source Cloud APIs.
Remote working
From part-time work-from-home opportunities to full-time distributed workforces, the trend for remote working is growing.
Its adoption is leading to a rise in the number of Cloud-enabled technologies and software for remote workers.
From time management to contract facilitation, the Cloud makes working anywhere possible. It’s great news for the home business sector.
Cloud first Cloud only
As Cloud-enabled technologies develop, increasing numbers of companies are opting for a Cloud-first or Cloud-only business environment. No longer relying on in-house servers to maintain their data infrastructure, Cloud-based technology is being chosen.
As more and more aspects of life go online, this trend will continue to grow.
The Internet of Everything
Smart cities, smart automobiles and smart grid technology are only the beginning. As life becomes increasingly connected, the need for immediately accessible data storage will only rise. It is the Cloud that will enable this.
Artificial Intelligence - Machine Learning
The future of machines is the future of business. So if you want to know what’s around the corner in commerce, start by looking at the latest in technology.
An increase in the number of Artificial Intelligence and Machine Learning tools being developed, means business owners will have little choice but to move at least part of their data infrastructure to the Cloud.
In order for them to take advantage of new technologies improving their cyber security, sales productivity, or even their data analysis, this move will become unavoidable.
Cloud Technology will enable and liberate
Growth in hybrid Cloud usage will be directly related to growth in the artificial intelligence/ machine-learning sector.
Blockchain
From smart contracts to digital payments, there are many factors that will greatly influence growth in Cloud-enabled blockchain companies.
These will create huge growth across multiple sectors including identity management, logistics, financial services, and insurance.
Business intelligence
Across the globe, business is sharing more information than ever. But one question remains: Is it safe?
Rapid growth across multiple business sectors will make business intelligence for Cloud users crucial.
From smart sensor IoE data, to mobile gaming statistics, to augmented reality applications, it will be critical for businesses to understand their Cloud-enabled data.
Understand the present to plan for the future
To maximize their Cloud usage, appropriate tools to monitor and analyze their data will be required as will the development of plans to optimize their opportunities.
Significant growth in this sector is already apparent in both the B2B and B2C markets.
Security
As more businesses move to the Cloud, from enterprise software to network compliance, there will be an ever- increasing need for cybersecurity.
While the move to Cloud Technology presents incredible opportunities for business owners, it also provides plentiful opportunities for hackers.
Expect to see significant growth in cybersecurity for areas such as the Internet of Everything and AI/ ML-enabled technology.
The shape of things to come
By no means an exhaustive, these are some of the key trends influencing the growth of Cloud Technology.
Increasing amounts and demand for Cloud-enabled products and services will ensure that the sector will grow in unexpected ways over the coming decades.
As Cloud Technology becomes increasingly indispensable to how life and business are conducted, its growth is inevitable.
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