Investing in cloud computing: a megatrend of the future
Although for many years most of our tasks have depended directly or indirectly on the Internet, the truth is that, with the arrival of the SARS-CoV-2 pandemic, telework increased the demand for space in the cloud, which has benefited both technology companies and service providers.
In addition, many of the technologies we use every day, such as email, streaming, videoconferencing, online classes and even social networks make use of cloud computing. According to The 2020 IDG Cloud Computing Survey, more than 90% of companies have part of their information in this network of remote servers.
Experts say that global data is the new oil, as it will register an annual growth of 61% until 2025, going from 33 zettabytes to 175. By that year, it is predicted that 49% of the data will be stored in the public cloud. In this regard, it has been determined that this growth is independent of any economic conditions.
Advantages and disadvantages of cloud storage
In 2020, the cloud storage market grew by $30 billion and, with a solid 10% annual increase, it is one of the main current investment trends. We tell you about its advantages and disadvantages in this article.
Benefits of investing in the cloud
In addition to the above, there are two fundamental factors that make it convenient to invest in the cloud, the first is that the cloud has favored business resilience and the second is that it has helped to turn the complex into simple.
Cloud computing makes it possible to face environmental challenges and facilitate new opportunities for information processes. In Mexico alone, this market generated an economic revenue of 1.43 billion dollars in 2020, a growth of 31% over the previous year.
The cloud has shown how it can turn around several factors that previously represented a constraint for companies; one of them is that server maintenance is the responsibility of the provider, so it is possible to access data from any computer, without worrying about the constant maintenance and repair of dozens, hundreds or thousands of devices.
The cloud also allows the possibility of working without depending on a physical location, so it is possible to access from anywhere in the world, without the costs of a physical infrastructure.
Therefore, investment in the cloud can be summarized as promoting business continuity and rapid response to environmental disturbances.
Another important aspect is that today, there is a coexistence of technologies such as cloud computing, artificial intelligence and the Internet of Things (IoT) that will drive powerful innovations in various industries such as financial technology, digital infrastructure, global cities and communications even in a post-pandemic scenario.
A snapshot of the landscape
According to the RightScale 2020 State of Cloud customers both individual and enterprise, continue to invest in multiple cloud platforms. This includes the use of both its public and private form. In this regard, 93% of respondents are pursuing a hybrid cloud strategy.
According to the report, 16% of customers spend at least $12 million per year on the public cloud, while 63% spend at least $1.2 million per year. In the case of enterprises, spending is higher, with 20% exceeding $12 million per year and 74% exceeding $1.2 million per year.
On the other hand, Platform as a Service (PaaS) is the fastest growing service in the public cloud, with a 21 percent increase by 2020, followed by Container as a Service (CaaS) at 17 percent. PaaS is a cloud service, in which the provider gives the customer access to an ecosystem in which they can develop, manage and host applications.
In 2020, the turnover of cloud infrastructure providers amounted to $129 billion. The 67% market share is led by Amazon Web Services (32%), Microsoft Azure (20%), Google Cloud (9%) and Alibaba Cloud (6 percent).
Digitization drives the cloud computing industry
Global spending on public cloud computing infrastructure and services is expected to grow from $229 billion to nearly $500 billion by 2023. As for public cloud end-user spending, it will grow globally by 18% by this 2021.
The cloud, from an intangible idea to an entire industrial sector
Perhaps the most intangible product invented by man, so much so that its name carries it, the cloud, is a market that despite being very large continues to expand and has very important upward projections, around $129,000 million dollars in preliminary revenue in 2020.