Cloud-based solutions have become an important part of IT for organizations as they ditch traditional server rooms for virtualized IT infrastructure. But many companies still need the security that comes with an on-site data center. Now, they’re looking at hybrid cloud technologies seeking to maximize the benefits of both the public and private cloud.
Cloud computing is the delivery of business tools and applications such as databases, software, and servers, among others, across the internet. These tools and applications are hosted remotely in data centers located in sites far removed from where the businesses are located and are delivered to end-user devices when needed. As businesses increasingly appreciate the cost savings, easy scalability as well as work flexibility offered by cloud computing, there has been a significant increase in its adoption over the past several years. Up from $196 billion in 2018, the worldwide market for cloud-based services is projected to increase to $354 billion by 2022, with over 60% of businesses using the cloud in one form or another.