The global public cloud services market is expected to grow by 17.5% in 2019, reaching $214.3bn, according to a report by Gartner. The study cited the increasing amount of data being generated by firms as one of the main reasons that experts predict the industry will expand, as the cloud is the most cost-effective and efficient way to store, manage and process such data. The increasing adoption of artificial intelligence and machine learning technology, coupled with the rise of IoT, are also expected to contribute to an increase in the number cloud computing applications.
Experts Predict Expansion of Cloud Computing Industry
The cloud computing industry has seen tremendous growth in recent years and experts predict that this trend will continue for many years to come. In fact, according to a report by Gartner, the global public cloud services market is expected to grow by 17.5% in 2019 to a value of $214.3 billion.
Cloud computing has revolutionized the way businesses store, manage, and access their data. By allowing companies to move their IT infrastructure to the cloud, they can reduce costs, increase efficiency, and improve security. As a result, more and more businesses are adopting cloud computing solutions, and this trend is expected to continue.
One of the main reasons that experts predict the cloud computing industry will continue to expand is because of the increasing amount of data being generated by businesses. This data needs to be stored, processed, and analyzed, and the cloud is the most efficient and cost-effective way to do this. As more businesses turn to the cloud to manage their data, the demand for cloud computing services will continue to grow.
Another reason for the expansion of the cloud computing industry is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies require large amounts of computing power to process and analyze large data sets. The cloud provides the scalability and flexibility needed to handle these workloads, making it the ideal platform for AI and ML applications.
In addition, the rise of the Internet of Things (IoT) is also expected to contribute to the expansion of the cloud computing industry. IoT devices generate vast amounts of data, which must be processed and analyzed in real-time. The cloud provides the infrastructure needed to handle these workloads, making it an essential component of the IoT ecosystem.
One of the biggest challenges facing the cloud computing industry is security. As more businesses move their sensitive data to the cloud, they need to ensure that it is protected from hackers and other threats. This has led to the development of new security technologies and practices, which are expected to continue to evolve in the coming years.
Another challenge facing the cloud computing industry is the need for skilled professionals. As more businesses adopt cloud computing solutions, there is a growing demand for IT professionals with expertise in cloud computing. To address this challenge, many universities and training organizations are now offering courses and certifications in cloud computing.
Despite these challenges, experts predict that the cloud computing industry will continue to expand in the coming years. As more businesses adopt cloud computing solutions to manage their data, improve efficiency, and reduce costs, the demand for cloud computing services will continue to grow.
FAQs
Q: What is cloud computing?
A: Cloud computing is the delivery of computing services, including servers, storage, databases, networking, software, analytics, and intelligence, over the Internet (the cloud) to offer faster innovation, flexible resources, and economies of scale.
Q: Why is cloud computing important?
A: Cloud computing is important because it allows businesses to reduce costs, increase efficiency, and improve security by moving their IT infrastructure to the cloud.
Q: How does the cloud help with AI and machine learning?
A: AI and machine learning require large amounts of computing power to process and analyze large data sets. The cloud provides the scalability and flexibility needed to handle these workloads, making it the ideal platform for AI and ML applications.
Q: What challenges does the cloud computing industry face?
A: One of the biggest challenges facing the cloud computing industry is security. As more businesses move their sensitive data to the cloud, they need to ensure that it is protected from hackers and other threats. Another challenge facing the industry is the need for skilled professionals.
Q: Will the cloud computing industry continue to expand?
A: Yes, experts predict that the cloud computing industry will continue to expand in the coming years as more businesses adopt cloud computing solutions to manage their data, improve efficiency, and reduce costs.
