Cloud Market Share A Look at the Cloud Ecosystem in 2022

Since enterprise's technology needs have increased with its complexity over time due to remote working yet emerging technologies are instantly improving business performance by analyzing, generating, and processing data. Despite the hit on the global economy, cloud providers were lucky to grow substantially and continue to deliver innovation.

Enterprise technology professionals, such as Amazon, Google, and Microsoft changed the trend from single and complex cloud computing to multi-cloud computing. There are similar trends that we shall see in the coming months and years.

Forecast of Cloud Computing to Look Into 2022

New Cloud is The Edge

Enterprises look for an edge to bridge the difference that exists between the end-users and centralized cloud as well as the content performance and low latency of the application for all users.

The proceeding year is expected to undergo new models of businesses that can facilitate the new cloud - the edge. The edge cloud facilitates the expansion to compete with the latest AI and 5G.

Furthermore, the edge will drift the cloud service providers to move their strategies to edge in order to deliver innovation and become more connected to the world. As per Forrester, large vendors are shifting towards edge solutions however, the centralized cloud will continue to scale parallel.

Integrating network edge into the existing cloud strategy, migration of application services and functions will be become seamless and aid in creating responsive and dynamic applications.

Artificial Intelligence Integration

Artificial Intelligence is not new to anyone today. AI is the most efficient technology that every business wants to adopt. In order to have scalable AI projects, companies must instill AI engineering that allows the technology to go beyond the concepts of proof and prototype.

So-called AI engineering comprises of DataOps, ModelOps, and DevOps. This three-pillar is combined to deliver complete benefits of the technology yet staying compatible with dynamic code changes. Those who fail to run AI-based projects have governance issues, scalability, and maintenance issues as well.

Joint and Multi-Cloud Services

Giants such as AWS, Microsoft, and many more have already jumped in providing multi-cloud services as they are the upcoming proven methods to scale in the market.

Companies are joining hands with others to advantage with the technical expertise. The association of Oracle-Microsoft in June 2019 was to benefit from Oracle's networking and Microsoft's ML capabilities. Further, the amalgamation was to allow customers to migrate and run enterprise applications across both Microsoft Azure and Oracle Cloud.

Amazon and Microsoft to Continuously Scale

Despite the famous Alibaba's cloud computing revenue of over 59 % a year. Amazon Web Services and Microsoft are remaining on the top. Alibaba's revenue was estimated to $2.19 billion while Google's Cloud revenue, inclusive of Google Cloud Platform, Google Workspace productivity tools & others have been increased to $3.44 billion.

Similarly, AWS has also generated more revenue than these two competitors. Nonetheless, AWS has technology that makes it big with a combination of processes, operations, and logistics. Microsoft on the other hand is expected to exceed $25 billion in Azure Cloud revenue in the upcoming fiscal year.

Public Market Infrastructure on the Go

Experts predict the cloud to rise by 35% in the upcoming months of 2021. With the increasing enterprise adoption of the cloud, cloud service providers will yield greater value and revenue.

It is also predicted that this growth isn't stagnant, it will continue to accelerate as the worldwide projects spending on cloud will grow by 18 % in the upcoming year to $304.9 billion from $257.5 billion this year.

The on-demand cloud models are providing momentum to the companies that are rapidly growing with their digital business transformation plans.

The continuous need to access high-performance and scalable infrastructure yet cost-effective via cloud-native apps is the major driver of the PaaS - application infrastructure services.

Cloud facilitates many remote work environments, companies will also continue to migrate workloads and begin to use more and more PaaS resources due to the push of unprecedented times and maximize their financial advantage.

Going Serverless

Serverless was the fastest-growing PaaS Cloud Services recoded in 2020, ever since the technology is taken into the next evolution consideration. The impact on cloud computing rapidly was the result of the change of service-oriented and micro-services architecture from the monolithic app architecture.

Developers are excited and looking forward to designing and develop apps serverless. The containers and cloud-hosted common applications drive the need for smaller components given for different needs such as running different locations & so on.

The learning of cloud has extended from simply knowledge of AWS, Azure, or GCP capabilities to serverless, with the serverless interface allows easy interaction of developers with the cloud.

Cloud Security Services and Data Migration

The increased cloud infrastructure also requires a robust data governance and compliance program, which has become a trend in the proceeding year. Organizations will have to initiate secure methods to initiate safe data migration to the cloud, such as encryption.

Data Governance will surely become a hot topic to ensure responsible availability and use of cloud data.

Furthermore, the regulatory legislation is expected to move towards increasing the control of the privacy of consumer data. Standalone data security and governance will be the most integral part of business processes operating apps through cloud infrastructure.

The upcoming trend will show Cloud Security, privacy, and governance embedded within the business processes and when building new systems. However, IT teams will invest to secure access to the data while balancing ease and use of performance resulting in data security, governance, and privacy.

To Conclude -

Enterprise's moving workloads are greatly improved with an enhanced cloud. The operational efficiencies and collaboration may seem pricy but are efficient and reliable.

Cloud Structure is used efficiently to upgrade the legacy infrastructure however, cloud management vendors should have a relevant approach to a rapidly growing market of cloud computing paradigm with built-in cloud efficiency and cost-management elements.