Cloud Computing Market: Expectations for the Next Decade

Think of the cloud computing market, and you’ll find how vastly it has changed the way enterprises run their operations during the last decade. As businesses are constantly searching for cost effective solutions that allows better control over data, info, assets, and users, an exodus from conventional means to utilizing cloud based services was spurred on every operational level.

The cloud computing market holds massive possibilities and we have barely scratched the surface of what cloud services are capable of. From professional consulting to integration services, the industry has considerably matured in 2019. A report from Rightscale shows that 91% of businesses are reported using public cloud services, 71% are choosing private cloud solutions while 69% are selection hybrid solutions.

Let’s take a look at what we can expect from the cloud computing market in the next decade.

Cloud Computing Market: Expectations for the Next Decade

From multicloud to serverless computing, we are seeing exciting developments happening within the cloud industry. We have already seen the way operations were carried out changed with the introduction of private and public cloud services (Google Cloud, Dropbox, etc.). Here are five points that we think will be worth looking into as we move forward into new possibilities.

Cloud Computing Market: Security First

The Capital One breach in AWS last year highlights a challenge that requires immediate attention for cloud management – improving multicloud security on a larger scale. Dave Bartoletti, Vice President and Principal Analyst at Forrester stated that it is inevitable for hyperscale cloud leaders to significantly increase investments to improve native security offerings, while cross-cloud management providers should turn their focus to buying, building, and/or acquiring security capabilities beyond what is currently available within the current market.

Cloud Computing Market: Multicloud 

Multicloud is becoming one of the most popular options especially for web-based services. Netflix’s latest partnership with Google Cloud has further highlighted the effectiveness of employing multicloud management. It minimizes risk of outages without solely depending on one provider and improves adaptability for sustained growth.

Opting for multicloud also accelerates intelligent query and improves visualization of data and metadata resources positioned within multi-cloud fabrics. Cloud administrators will more likely turn to multicloud management for optimizing security, diagnostics and other components of cloud micro-services workloads. With the emergence of big data and artificial intelligence, businesses are gaining an edge in managing data security and executing effective data strategy.

AIOps for 24/7 Multicloud Management

As multi-clouds have already made its way into enterprises, AIOps becomes the choice for DevOps teams to automate cloud management, software-defined networks, and the infrastructure management of multi-clouds within enterprises. Within the next decade, AIOps environment will achieve a sustainable automated system monitoring and management while delivering real-time insights to avoid possible mishaps that could leave negative impacts on businesses.

AIOps provides an advantage to administrators to automatically capture IT administrators’ intents and converted into policies that defines how all resources (virtual and physical) can achieve necessary levels of services through automated management and system monitoring. The result is an optimized cloud performance that is necessary especially for enterprises that utilizes multi-cloud services.

Boutique Clouds

Giant providers such as AWS and Microsoft have started to look closer at the smaller cloud picture by releasing lightweight, open-source virtualization technology. As opposed to other cloud services, boutique clouds allow developers to manage workloads into smaller components. It results in a faster, easier to manage, and more cost effective cloud operations. Boutique cloud providers typically compete by offering sophisticated features, user-interfaces, speed and ground breaking low prices.

Businesses can move their micro-services and distribute workloads off existing public cloud deployment to boutique clouds easier. As the cloud landscape keeps evolving, how the market will affect the emergence of new boutique cloud providers is uncertain, but going smaller isn’t necessarily bad for operational efficiency.

Going Serverless?

Perhaps the term itself can be a little misleading as serverless computing still very much runs on servers. Its code execution is managed by cloud providers and it is becoming a popular way of constructing and developing cloud native apps while leaving operational weight to the cloud provider. On top of that, it allows enterprises to avoid server maintenance and provisioning when moving codes to production. 

Serverless clouds are predicted to loom larger in 2020 and adopted in multi-cloud environments. However, we are still a little further away from having the technology truly ready. As estimated by Gartner, serverless computing will pave its way into at least 20% of the world’s organizations with continuous developments and a more widespread adoption.

Conclusion

The year 2020 holds countless possibilities for the cloud computing market. Unexpected turn of events may occur, but the developments will be much anticipated as barriers are being torn down and organizations sail towards uncharted territories in the cloud environment that are waiting to be explored.