“Distributed cloud, the next generation of cloud computing, retains the advantages of cloud computing while extending the range and use cases for cloud. CIOs can use distributed cloud models to target location-dependent cloud use cases that will be required in the future.”
While less than half of global enterprises surveyed by GlobalData indicated plans to cut cloud and application development IT spending budgets, ops teams will seek more consolidation and automation to achieve a DevOps model.
The cloud migration services market size was valued at $88.46 billion in 2019, and is projected to reach $515.83 billion by 2027, growing at a CAGR of 24.8% from 2020 to 2027. Software development projects are driving the growth of this global market.
via Allied Research
The reality today is that organizations are distributing application environments across on-premises data centers, public cloud or multiple public clouds, and edge locations. Organizations need solutions for their on-premises locations that deliver cloud-like agility, scale, and operational efficiency.
As companies move beyond initial forays into the cloud, many are experiencing the advantages — and the challenges — of a multicloud environment. In fact, 85 percent of companies globally are already operating in a multicloud environment. By 2021, 96 percent plan to be using multiple clouds.
More than 90 percent of enterprises around the world have adopted cloud services in some shape or form. Additionally, 46 percent of them run a multi-cloud environment and 59 percent have adopted more advanced concepts like containers and microservices in their production set-up.
via Everest Group
According to the Internet Economy Foundation, to ensure diversity and innovation in the cloud computing market and increase cyber-attack resilience, the government needs to ensure free and fair competition.
Enterprises are using cloud services for strategic benefits such as supporting digital transformation efforts rather than for tactical ones, like reducing IT infrastructure costs and the hardware or software maintenance burden.