5 Important Changes to the Cloud Computing Industry in 2023

Cloud computing has been in existence for over a decade; however, its implementation and usage have increased rapidly over the past few years. This trend is expected to persist, and in 2023, it is predicted to be the most notable aspect of IT.

Before we dive into the main trends, let’s take a look at some captivating statistics regarding the cloud computing industry:

  • Experts predict that the cloud computing industry will exceed a value of $1 trillion by 2028.
  • Within a decade, from 2012 to 2022, the market surged by an impressive 635 percent.
  • Research shows that companies may reduce costs by up to 40% by migrating to the cloud.
  • Recent research carried out by Accenture discloses that businesses could minimize their energy consumption and carbon footprint by up to 64% by migrating to the cloud.

What are the significant cloud computing trends we can anticipate in 2023? Let’s explore.

  1. Merging cloud computing with AI and ML

    In response to the growing demand for this service, it is anticipated that by 2023, Artificial Intelligence (AI) and Machine Learning (ML) will be more closely integrated into Cloud Computing. Recent studies indicate that the value of the Cloud AI market will increase significantly, with a projected value of $13.1 billion by 2026 and a compound annual growth rate of 20.3% from 2022. This represents a significant increase compared to the estimated value of $5.2 billion for 2022. Cloud Computing and AI/ML have significant benefits for businesses, including asset management, virtual assistance, Augmented Reality as a Service, application security in the cloud, and much more. Computers with AI and ML capabilities are also being increasingly employed…
    • Enhance Automation in Cloud Computing
    • Enhance One’s Learning Potential
    • Enhance Data Privacy and Security
    • Customize Cloud Services to Suit Personal Preferences

  2. Manage Cloud Deployment using Kubernetes and Docker

    Docker and Kubernetes are container-based platforms used to deploy applications. The use of Docker and Kubernetes provides management capabilities for large-scale cloud infrastructures. Both systems have comparable features.
    • Significant Scalability
    • Effective Operation
    • Automated Cloud Deployment
    • Flexible Resource Sharing Capability
    • Swift and Cost-effective Deployment

      Kubernetes is now a standard part of Docker’s latest releases, allowing developers to automate and manage containerized applications more efficiently.

  3. Securing Cloud Data

    The widespread adoption of cloud computing is often hindered by concerns about the security of user data. Various factors, such as coding errors and human mistakes, can lead to potential security breaches. When storing data on the cloud, users should be mindful of the following potential concerns:
    • Leaving APIs exposed may enable unauthorised users to gain access to sensitive information stored in the cloud.
    • Leaks of sensitive data may occur due to misconfigurations and inadequately protected cloud infrastructure.
    • Data loss is a possible risk associated with cloud computing, resulting from various causes such as inadequate backups, corrupted software, accidental deletion, natural disasters, etc. It is essential to be conscious of these risks when utilising cloud solutions.

      By 2023, developers will be able to secure cloud-based data using encryption, access control, and activity tracking.

  4. Hybrid Cloud-based Solutions

    The increased processing power of private cloud solutions has powered their growing popularity.
  5. By 2023, businesses may choose a hybrid cloud setup for the following reasons:

    • They reap the benefits of both private and public cloud solutions
    • Enables greater flexibility
    • Extremely cost-effective
    • Proficient in processing mission-critical data
    • Exceptional scalability
    • The hybrid cloud market is expected to exceed $260 billion by 2027, with a large number of companies worldwide either having already adopted or currently in the process of adopting hybrid cloud technologies.

  6. Reducing the Cost of Cloud Computing

    As businesses attempt to decrease expenses while maintaining top-notch IT support, cloud providers are devising budget-friendly cloud solutions that provide performance and accessibility assurance. To ensure affordability, providers must efficiently use resources and optimise cloud workloads.

By 2023, several significant advancements are expected to emerge in cloud computing. These include serverless computing, cloud monitoring, disaster recovery, and other notable breakthroughs.

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