During 2020 Covid pandemic situation , different organizations are leveraging benefits of multi tenant model which are spontaneous and scalable both from infrastructure and availability standpoints. Several companies and teams working in health sectors are taking benefits of cloud computing. As per the study results of Cisco, 94% of the global workloads will be controlled by the leading cloud data centers of the world. Whereas, IDC recently showed that the 5-year CAGR for Infrastructure As A Service (IaaS) will increase by 33.7% in coming time. Many people who are working from home are using virtual desktop or remote machines deployed over the cloud.
Cloud Computing Trends in 2021
In 2021 and further than, everybody will continue to be dependent thoroughly on clouds for their remote collaboration, streaming, digital connect needs. The cloud providers stand to gain the most, like Amazon, Google, and Microsoft that provide full, cloud-to-edge ecosystems that enable flawless new normal lifestyles.
Public cloud platform
According to IDC – Enterprise cloud spending, both public and private, increased 34.4 percent from a year previous, while non-cloud IT spending declined by eight percent. Global cloud spending will grow seven times faster than overall IT spending through this period”. IDC forecasted that worldwide spending on public cloud services and infrastructure will almost double, to around $500 billion, by 2023. As per Deloitte’s projections AWS remain a leader in market share, although Microsoft, Google and IBM will continue to close the gap. Revenue growth will remain volatile through mid-decade, according to, never dropping below 30 percent annually.
Hybrid Cloud Computing
Many midsized and big companies are already using hybrid cloud for their production applications and services, many experts believe that by 2021, several organizations will take on hybrid cloud computing for their platform and workflow need. Hybrid cloud provides optimum speed, outstanding control, and enhanced security but maintenance would be the overhead.
Function as a Service (FaaS)
It is a new buzz word and also the leading subpart of the cloud computing service. It supports a developer with code implementation while avoiding the adoption of complex infrastructures AWS lambda is the example. FaaS is a part of server-less computing and mainly focuses on gateways, storage, API; developer community can generate code faster with FaaS. By 2021, more tech companies will choose FaaS as a tool for their regular work. A study by Cision says that in coming year FaaS can experience a market expansion of nearly USD7.72 million. As a result, the annual growth rate will reach up to 32.7%.
Cloud based IoT, BigData and ML
As per tech predication, if cloud computing merges up with big data and IoT, a company can enhance its production. Companies who are getting access to the crucial data of their competitors and put more effort into making better business decisions for the future, user sentiment analysis during Covid would also help companies to rollout different services specially in health care, hygiene and waste management.
Disaster Recovery as a Service (DRaaS)
DRaaS is also expected to grow rapidly in 2021, automation and resilience in this area would help organization to built better ecosystem and also ensure safety for the environment of cloud computing. As DRaaS would be trendy in the years to come, its CAGR is expected to grow by 17%. The global IT players will be the early adopters of the updated DRaaS talking its market size over USD 3,260 million.