In the fast-paced client landscape, cloud computing will be more accessible, agile, and
competitive by the year 2021. More practical applications will be set up for Blockchain,
IoT, Artificial Intelligence, and so on in the coming years. Cloud computing is
currently the dominant champion when it comes to transforming companies and introducing
the correct model of choice for digitalizing IT infrastructure.
Over the past several years, investments in this technology have taken a huge leap. The
global public cloud infrastructure market will grow 35 percent to $120 billion in 2021
to take the centre stage in the recovery from the pandemic, according to Forrester
Research. Forrester's previous forecast projected it to be $113 billion next year.
Besides, according to Gartner, the percentage of global cloud IT spending will
accelerate in 2021.
computing will dominate the market for various emerging technologies by
being one of the ever-growing platforms.
Forrester has predicted that calling Edge as the new cloud, new business models will
emerge in 2021 to facilitate the deployment of edge, competitive efforts by cloud
platforms, and AI and 5G to facilitate the expansion of edge use cases. Gartner has also
predicted that, outside of traditional, centralized data centers and the cloud, 75% of
data will be processed at the edge by 2025, up from less than 10% today. These
statistics show that in improving industries such as manufacturing, security,
healthcare, and retail, edge computing will play a huge role.
In the coming years, the multi-cloud culture will also continue. To gain more
flexibility, companies will continue to deploy such a model. This approach decreases its
reliance on a single supplier or cloud solution provider. Public cloud spending is
projected to grow from $229 billion in 2019 to $500 billion by 2023, according to
CloudTech, with an anticipated compound annual growth rate (CAGR) of 22.3 percent.
AI to Revolutionize IT Infrastructure
The IDC predicts that AI spending will grow to US$52.2 billion by 2021, with a total
increase in CAGR of 46.2 percent from 2016-2021. AI in data centers will therefore see a
sharp rise. AI will automate most of the tasks and support data centers to learn from
past data and more efficiently distribute workloads through the cloud across the
As per Gartner, by 2020, 20% of the organizations in the world will have gone serverless.
Businesses moved to the web-based server infrastructure with the introduction of the
Cloud, and now the migration to a serverless architecture has begun. Serverless
computing has made the landscape of computing more dynamic and robust. With the
technology still in its nascent stage, however, several transformations in serverless
computing are expected to occur in the next few years.
Almost 42 % of businesses believe that the lack of data privacy and security is their
biggest challenge in a public multi-cloud strategy, as per the IDG Cloud Computing
Survey 2020. The bigger the business, the more challenging compliance becomes across the
multi-cloud public infrastructure. %Large businesses struggle with this challenge at 39
%, compared to small businesses at 23%. In the future, the biggest obstacle to companies
taking full advantage of public cloud resources will be data privacy and security
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