2020 has been a year of great learning for enterprises in a unique way. It is the year when technology became the superhero by helping companies effectively deal with the all- pervasive uncertainty and global crisis. Amid these challenging times, cloud computing emerged as the biggest boon for enterprises. Cloud was, in many ways, like a rising tide that lifts all boats. It allowed businesses of all sizes and nature to rapidly enable business continuity mechanisms when the pandemic struck. The biggest case in point is perhaps how millions of workers were moved to a work from-home‘ model in a relatively short span of time. Various market reports predict that the cloud market will undergo unprecedented growth in the next one year and beyond. The Deloitte annual report predicts that global cloud spending will grow 7x faster than overall IT spend and revenue growth will remain greater than 30% for 2021 through 2025 as companies migrate to the cloud to save money, become more agile and drive innovation. Much of this growth will be likely attributed to public cloud. The global public cloud infrastructure market is predicted to grow 35% to $120 billion in 2021, according to Forrester research.
Here are three big trends that will continue to amp up the cloud computing market in 2021:
1. Resilience. Adaptability. Agility: One of the most important takeaways that businesses had in 2020 is the fact that uncertainty‘ is at the core of what we call as the new normal‘. Nobody knows how long we will continue to work from home, learn remotely, prefer digital healthcare and shop/play online. The only thing that businesses can be sure of is the instability‘ and be prepared for change. What it also means is that organizations need to relook at and invest on three key pillars to thrive in the new world order resilience, adaptability, and agility. And these three pillars are going to be built on the strong foundation of cloud, which allows businesses to operate during disruption, scale up rapidly when volumes peak and stay flexible as the market demand fluctuates. Not just that, IT departments worldwide had to relook at the way they bought, deployed, managed and consumed technology over the years. And cloud has been instrumental in shaping up some of these trends that will likely prevail well into the post-pandemic era. Quite visibly, these are going to be part of organizations‘ long-term strategies as they navigate the new normal.