Over the past decade, the cloud industry has experienced a significant increase in growth due to a greater awareness of its capabilities and benefits. Businesses are, in increasing numbers, adopting the cloud as the backbone for their network infrastructure and turning away from the traditional physical network infrastructure. New cloud-native applications are constantly being developed as well as tools that optimize legacy applications to make them cloud-compatible.
Advances in cloud technology over the past few years have made businesses more willing to ditch their traditional network infrastructure and migrate their applications to the cloud. The ability to easily scale up or down as needed, access data remotely, work flexibly, and save money in the development and maintenance of their technology infrastructure are some of the reasons that businesses have increasingly embraced the cloud. In 2018, the worldwide market for public cloud services was $175.8 billion; this market is projected to increase by 17.3 percent to $206.2 billion in 2019. What does this mean? Cloud adoption is still growing, and growing fast.
Everyone can relate to the frustration of a constantly buffering video on Netflix or Youtube. The video quality is poor and eventually you might give up watching altogether. This issue is normally a result of your laptop or phone trying to connect to a Netflix data center a couple hundred miles away from you. This large distance creates high latency, slow connectivity, and a poor experience for you as the viewer.
If you’re a small business owner, chances are you have your hand in almost every part of your business. You probably wear many hats, like key decision maker, employee, stakeholder, investors, risk manager, etc. Above all, you realize there is little to no margin for error when it comes to your business.
Any developer will tell you that a high performing test and development environment can improve productivity, bring applications to the market faster and save time (and money). This fast-paced world requires keeping up with rapid digital transformation. The cloud helps facilitate testing, and deployment of applications that help your organization stay ahead of this transformation and adapt to customer demands.
Over the past several years, there has been a significant increase in cloud adoption. As more businesses see the benefits of the cloud such as cost savings, easy scalability, and improved performance, they have shifted away from traditional physical data centers and network infrastructure. In 2017, the global public cloud market was $146 billion; this figure is expected to rise to $178 billion in 2018. In addition, the global public cloud market is expected to grow at a compound annual growth rate (CAGR) of 22 percent.