Cloud Computing is the dominant driver for Digital Transformation. Embracing Cloud in the digital transformation strategy enables to create a scalable, flexible, available, reliable, and secure platform for future growth. According to Grand View Research, the global digital transformation market size is valued at USD 336.14 billion in 2020, revenue forecast valued at USD 1392.91 billion in 2027, and is expected to accelerate at a compound annual growth rate (CAGR) of 22.5% from 2020 to 2027.
According to Gartner, the Cloud services market is changing the landscape and is poised to reach $266.4B in 2020 and $354.6B in 2022. Computing shifted from Mainframe with Centralized Compute to PCs with Decentralized Compute and again moved to Cloud with Centralized Compute & Edge with Distributed Compute. Cloud Computing has a multitude of forms like Public Cloud, Private Cloud, Quantum Cloud, and Edge/Fog Cloud. Architecture patterns evolved from Monolith to SOA to Microservices to Serverless.
Cloud Ecosystem has a couple of Cloud Service Models (IaaS/PaaS/SaaS) and Cloud Deployment Models (Hybrid-Cloud/Multi-Cloud).
Massive disruptions are changing the rules of the game in Compute, Networking and Storage. This has lead to significant Cloud Computing innovations and trends in the global market.
Quantum Computing: Referring to Gartner’s study, 95% of organizations researching quantum computing strategies will utilize QCaaS (Quantum Compute as a Service) by 2023.
High-Performance Computing (HPC): By 2023, the number of organizations widely adopting HPC cloud will increase to 30 percent, resulting in higher infrastructure agility in HPC environments, says Gartner.
Serverless Computing: According to Gartner, by 2020, 20% of the enterprises will adopt Serverless and more than 30% of global enterprises will have deployed serverless computing technologies by 2022, which is an increase from fewer than 5% today. Serverless Computing gets tremendous traction in the Infrastructure market due to its Scalability and Cost.
Edge Computing: Edge will not replace the Cloud and it will complement the Cloud. According to Gartner, by 2021, there will be more than 25 billion connected sensors and endpoints. Unable to store huge volumes of data at Edge and it needs Cloud.
Hybrid-Cloud: According to Gartner, by 2022, more than 80% of organizations will have deployed a hybrid-cloud or multi-cloud model for their IT needs. Hybrid-Cloud is the combination of On-Premise, Public Cloud, and Private Cloud.
Cloud Governance and Management: This includes Cloud Security, Cloud Monitoring, Cloud Authorization, Cloud Cost/Cloud Budgets, Cloud Risk/Compliance, Cloud Operations, and Cloud Provisioning. Numerous disruptions are cropping up in Cloud Governance and Management due to complex Cloud Deployment models – Hybrid-Cloud and Multi-Cloud.
Cloud-Native: According to Gartner, the worldwide container management revenue will grow strongly from a small base of $465.8 million in 2020, to reach $944 million in 2024. Cloud-Native includes Containers (CaaS), Container Management, Serverless, Service Discovery/Service Mesh, API Gateway, etc.
Cloud-Agnostic: It is exceedingly difficult to move workloads across Cloud Providers. Several Startups and Cloud Providers are working for Seamless migration of workloads between Cloud Providers. It will remove the vendor lock-in empowering Cloud Consumers to leverage mix and match of services from different providers without worrying about migration issues.
DevOps/DevSecOps/AIOPs Toolbox: According to Gartner, by 2023, 40% of DevOps teams will augment application and infrastructure monitoring tools with Artificial Intelligence for IT operations (AIOps) platform capabilities.
Cloud Computing disruption trends with Autonomous Cloud, AI/ML/DL, NLP, Computer Vision, Cognitive Services, Blockchain (Blockchain-as-a-Service), Edge-Cloud, IoT/IIoT/Industry 4.0, GPU/TPU, 5G, AR/VR/MR, RPA & 3D Printing/Manufacturing will lead to large-scale technology disruptions, trigger breakthrough Product Ideas in the market and it will supplement disruptive Business Model Transformations.
The original article was published here on July 21, 2020.