There are a host of impactful cloud trends in play this year, each of which will shape the way that the market grows and evolves long into the future.
Here is a brief overview of the factors influencing the growth and adoption of cloud-powered solutions in 2020.
Public cloud spending is accelerating
One of the cloud trends is that public cloud spending is accelerating. Analysts predict that the public cloud market alone will generate almost $300 billion this year and that this will grow by a further third within the next 24 months.
While a handful of vendors are beginning to dominate this segment of the marketplace, it is clear that there is still room for competition, and the most pertinent point to take from this is that public cloud services are increasingly valuable for both businesses and consumers alike.
In turn, the increased revenues from public cloud services are allowing providers to make major investments in augmenting and expanding their infrastructures to help accommodate the anticipated increase in demand going forward.
Cloud migration can be restrictive
Although shifting an app from in-house hardware to a cloud-based infrastructure is still attractive, many businesses are learning that doing so has its own limitations, specifically with regards to being locked to a particular cloud platform following the move. This is another cloud trend from this year.
The problem stems in part from the issues of interoperability that can exist between different cloud platforms but is mostly due to the fact that switching an app to a different vendor’s cloud ecosystem is a potentially costly process. Improvements are being made in this area, but at the moment many cloud adoption strategies are being developed with this limitation in mind.
