Cloud computing has grown from a futuristic concept to the go-to model for many organizations. The cloud touches many of the technological aspects of our lives. With cloud services, users can share files and save data backups, while companies use this technology for optimizing the corporate infrastructure and its costs. As the cloud industry has grown, many things have changed from its early days. Check-out some facts you need to know about cloud computing.
1. The size of the market
According to a report presented by the research company Global Industry Analysts, the global market of cloud services will grow to $127 billion by the year of 2017. Besides that, the company Centaur Partners predicts that the software-as-a-service (SaaS) market itself will grow to $32.8 billion in revenue in 2016 (remembering the fact that in 2011 it was only $13.5 billion).
2. The cloud is changing software deployment models
One of the key factors in the growth of cloud services is that it influences licensing and delivery models for many software development tools. SaaS is the most well-known as it affects almost every piece of software in business today. But cloud services have also changed other tools and services. Platform as a service (PaaS), infrastructure as a service (IaaS), database as a service (DaaS) are just some examples of how cloud-based services influence the IT industry.
3. IaaS is growing quickly
The IaaS model has become one of the most popular ways for deploying new infrastructure within an organization. According to research by Gartner the global IaaS spending will grow 32.8% in 2015, putting it at $16.5 billion by the end of the year. Some specialists predict that more than 80% of enterprises will be using IaaS products in 2016.
At the same time IaaS workloads are growing as well. All this leads to increased competition among cloud services providers, so Gartner advises companies to be cautious when choosing the most reliable provider.
4. The public cloud is more popular but a hybrid cloud is preferred among big companies
A hybrid cloud strategy refers to using both public and private cloud services. According to the research – 2015 State of the Cloud Survey by RightScale, 55% of all companies are planning to use hybrid cloud deployments. Even among those who are already using some cloud services, many will be deploying multiple clouds. This survey also showed that 13% were planning to use multiple and public clouds, and 14% were planning on multiple private clouds.
5. Clouds lead to time and cost savings
There are many reasons why companies will choose cloud products or services, but there are some trends that can explain why it has become so widespread. According to Voice of the Enterprise Cloud report, money and time are the top two factors that led to cloud services. 44% of all respondents listed “Cost Savings” as a key factor to their adoption of clouds, while 41% in the same category listed “Time to Market”.
And as cloud computing services continue to grow, it slowly influences other aspects of other traditional IT enterprise. Goldman Sachs analysts predict that by 2018 cloud computing will take up to 11% of all enterprise IT spend. The biggest part of IT budgets will be spent for IaaS and PaaS.
6. SMAC stack is alive
SMAC is a technology stack that includes social, mobile, analytical, and cloud aspects. IDG’s 2015 State of the Network Study found that IT’s focus on SMAC continues to grow, with 53% of respondents responded about a predicted increase in IT budget allocations for SMAC.
7. Public cloud is more adopted than private
RightScale’s 2015 State of Cloud Survey, which we’ve already mentioned above, showed that 93% of its respondents claim they were adopting cloud. Of those respondents, 88% are using public cloud services, 63% are using private cloud, and 58% are using both. The survey also says that public cloud workloads are going to increase faster than the private services.
8. Cloud workloads are expanding
According to Cisco Global Cloud Index, 78% of all workloads will be processed by cloud data centers by 2018. The report said that during 2013-2018, traditional data center workloads will nearly be double, but workloads in cloud data centers will nearly triple. The density of this workload will increase as well.