A research conducted by IDC in 2017 predicted that in 2018 almost half of the IT expenditure will in cloud, reaching an estimated 60% of all IT infrastructure & approximately 60-70% of all software, technology, and service expenditure by 2020. So, what exactly is Cloud Computing or Cloud as it as it popularly referred to? To define it, Cloud computing is the delivery of on-demand computer services such as database storage, applications and other such IT resources with the help of a cloud services platform over the internet on a pay-as-you-go basis.
Today, mostly everything is either running in the cloud, stored in the cloud, migrating to the cloud or accessed from the cloud. Such is the popularity of the cloud that Forrester in its Forrester’s 10 Cloud Computing predictions for 2018 highlights the rapid rise of total global cloud market and estimates it to rise to $178B in 2018 from 146B in 2017. Forrester’s research also predicts a compound annual growth rate(CAGR) of 22%.
With Cloud, users can easily access servers, databases, storage and a wide variety of applications over the internet. Also, it provides the user the flexibility of paying for only the services they use. Cloud computing obliterates both the need for employing huge upfront hardware investments and time consuming heavy lift management of the hardware. It equips the user with right kind of computing resources that they need for to power any IT operation or any new idea that they might have.
So, why exactly is Cloud a big deal? Following reasons might go a long way in convincing you cloud is the next big thing :
Cloud frees the user from having to administer or maintain any infrastructure
As the Cloud can virtually scale infinity, the users need not have to worry about its capacity
A given user can access their cloud based applications anywhere provided that they have a device that they can connect to the internet
Future of Cloud In 2018 & Beyond
Increase in the Number of Cloud Services and Solutions
An increasing number of number of statistics point to the rapid rise in the number of cloud services and solutions in the future. Following are some of the stats to support it.
Bain & Company in their research report The Changing Faces of the Cloud forecasts an 18% CAGR growth in subscription-based software-as-a-service(SaaS) by 2020.
KPMG in The Journey To The Cloud predicts platform-as-a-service (PaaS) to becoming the quickest advancing cloud model. The report also forecasts investment in PaaS to grow from 32% in 2016 to 56% in 2019.
Gartner in 2017 predicted the market for infrastructure-as-a-service (IaaS) to reach $72.4 billion worldwide by 2020.
Inching Closer to Quantum Computing
There is no doubt that the race to quantum computing is far from over. Tech giants like IBM, Microsoft, Google and Intel are the some of the prominent ones that are trying to outdo one another and up the game by building the first quantum computer that can deliver on technologies best. As stated previously,the race still continues. However the recent body of events is a testimony to how closer we have got to unlocking this potential.
In 2017, IBM released took a huge stride towards this when it released a 5-qubit and a 20 qubit version and started offering quantum computing as a cloud service. Many large enterprises including samsung, JP Morgan Chase, Barclays and Daimler Honda rushed to sign up for this.
Following IBM’s lead, in March of this year Chinese e-commerce Alibaba partnered with Chinese Academy of Sciences to make their mark in quantum computing. They launched together an 11-qubit quantum service that is available publicly on the quantum cloud computing platform. It has the prestige of being world’s second fastest cloud computer; the first being IBM’s 20 qubit cloud computer.
Aside from these popular names, start ups have also began their quantum journey. These startups have started developing quantum computing algorithms, applications, components and other related tools.
Cloud Security will Prove to be a Challenge
Cloud security will continue to be a challenge, especially after the present introduction of General Data Protection regulation(GDPR). The popularity of the cloud has ensured that many enterprises will continue to flock to it, some even without giving a due consideration to its security implication. Most companies will find it difficult to ensure they comply with GDPR requirements.
As per the report compiled by Commvault in 2017, only a small fraction of enterprises surveyed, 12% of the 177 global organisation, comprehends the impact on GDPR on their cloud services. This is significant as it highlights the vulnerability of cloud providers.
Hybrid Cloud Emerging as the Popular Choice
The popularity of cloud computing has accordingly led to a massive scale adoption. Migrating to cloud invariably entails a lot of challenges. This is where Hybrid cloud has an important role to play. Enterprises with the aid of a hybrid cloud can make the cloud transition with less risk and cost. It is anticipated that by 2019, more and more companies will adopt a hybrid- cloud approach to reap the efficiency and effectiveness of cloud more easily.
Given the popularity of cloud, companies are willing to go the extra mile and pay attractive remuneration to a professional with the right skill set. As cloud related job positions evolve faster than any other technology- related jobs, it is critical to pay attention to the current market demands. You can browse the popular cloud certifications and courses here which relevant to today’s job market.