Every now and then, we hear “shifting to the cloud, storing data in the cloud, and accessing data from the cloud” from businesses to common users. Everything seems to be happening ‘in the cloud’ these days.
Cloud
computing is the delivery of hosted services through the internet or ‘the
cloud’. These hosted services are classified into three types, software as a
service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS).
A cloud can be public, private, or hybrid. Cloud computing is highly dependent
on automation technologies and virtualization. The rising incorporation of
advanced technologies such as machine learning and artificial intelligence is predicted
to benefit the global market growth. As per a report by Fortune Business InsightsTM, the market for cloud computing
is estimated to expand from USD 250.04 billion
in 2021 to USD 791.48 billion by
2028, registering a striking CAGR of 17.9%
between 2021 and 2028.
Swift
digitalization and work-from-home regime adoption during the COVID-19 pandemic
have stimulated the demand for cloud computing significantly. Without any direct
active management by the user, it has gained high demand. Moreover, the top
firms seek cloud computing to mitigate the complexity of computing hardware
in-house and housing network, which is expected to surge its demand in the
coming years.
Who are the users of the cloud?
The
cloud has emerged crucial in our everyday life. Without it, there would be no
Spotify, Gmail, Twitter, or Instagram. Millions of businesses use the cloud
today for a range of tasks from the creation and backup of documents to accounts
and social Customer Relationship Management (CRM).
What are its advantages?
·
It does not
require any efforts to manage or maintain it.
·
No worrying about
running out of capacity due to its infinite size.
·
For accessibility
to cloud-based services and applications from anywhere across the world, only
an internet connection is required.
·
It is economical
and effectively helps in cost management.
·
It offers accessibility
to data even if an emergency occurs such as power outages or natural disasters.
Top 5 Providers of Cloud Computing:
1.
Amazon Web Services (AWS)
AWS was the first to provide cloud computing
infrastructure as a service (IaaS) in 2008, and it provides the highest
operating revenue in the company. It offers a myriad of services, including AWS
Key Management Service, Elastic Compute Cloud, DynamoDB, AWS data Transfer,
Cloud Trail, Route 53, Virtual Private Cloud, and others. In June 2019, AWS
acquired E8 Storage for approximately USD 18.3 million to integrate its cloud
technologies together and expand its penetration across the globe.
2.
Microsoft Azure
Azure was released in March 2014 and is amongst the
fastest-growing clouds. It supports several different languages, frameworks,
and tools. Microsoft is a pioneer in machine learning and artificial intelligence.
Azure also provides exclusive cloud computing designed for the U.S. government
agencies such as local, state, and federal. Recently, Microsoft Corporation
released an industry-specific Microsoft cloud for the healthcare sector to
improve workflow efficacy and streamline interactions in healthcare
organizations.
3.
IBM Cloud
Developed by IBM, the IBM cloud provides PaaS, SaaS,
and IaaS services through private, public, or hybrid cloud models. IBM offers
three hardware platforms that offer built-in support for virtualization. The
company offers Websphere application, which supports open standards and
programming models for virtualization. IBM recently acquired Red Hat for USD 34
billion in 2020, which is anticipated to bolster the company’s market share in
the coming years.
4.
Google Cloud
Google Cloud offers a range of hosted services for
storage, computing, Big Data, networking, and machine learning. The platform
can be accessed by IT professionals, software developers, and cloud engineers
using the internet or a dedicated network connection. Google has listed more
than 100 products under the brand Google Cloud. Recently, a Google Cloud
partner, SADA, acquired ByteWave Digital in December 2021 to expand business in
Asia Pacific.
5.
Oracle Cloud
Oracle Cloud provides PaaS, IaaS, SaaS, and data as a
service (DaaS). The services offered are used to create, deploy, incorporate,
and extend applications on the cloud. Oracle Cloud supports several open-source
applications, open standards, databases, programming languages, tools, and
frameworks specific to Oracle, third-party software, and Open Source. Oracle
recently acquired Cerner for USD 28.3 billion in December 2021.
Conclusion:
Cloud
computing’s future is bright and is likely to become more expansive and
powerful in the forthcoming years. The advancements in technologies such as the
Internet of Things are anticipated to offer lucrative growth opportunities to
both users and hosts. The growing competition will result in price competency,
which will further expand cloud computing’s horizon.
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