In the dynamic landscape of technology, cloud computing emerges as the linchpin of innovation. Did you know the cloud computing market is projected to reach USD 0.68 trillion by 2024? This blog unveils the top 7 cloud computing trends that promise to redefine the tech landscape and elevate your strategic approach to unprecedented heights.
1. Edge Computing Continues to Rule
When it comes to customer satisfaction, employee productivity, and heightened security, edge computing is like an arrow that hits all three targets in a single shot. And the best part is that you can achieve all that at reduced IT costs.
Edge computing efficiently manages the substantial data edge devices generate, ensuring optimized operations without overwhelming your business networks.
Edge computing embraces the best practices of cloud-native development, including componentization, containerization, loose coupling, separation of concerns, microservices, and agile development methods. These principles have been instrumental in the scalability of cloud computing and serve as the gold standard for edge computing development.
2. The Rise of the Citizen Developer
With more and more platform providers coming out with low code and drag-and-drop tools, introducing the citizen developer is one of the most significant cloud computing trends in 2024. Coding skills are no longer a prerequisite for developing applications and automation, thanks to tools like “if this, then that (IFTTT).” Now, a layperson can harness the power of a connected system without being a coding expert.
As we advance, major cloud vendors like Google, AWS, and Microsoft are expected to release tools that enable you to create complex applications using a drag-and-drop interface.
Microsoft’s Power Platform is already leading this space with its suite of tools like Power Apps, Power Flow, Power AI, and Power Builder.
3. Sustainability Takes Center Stage
Organizations prioritize green coding or sustainable software engineering practices as a step towards a green cloud computing. Cloud providers are embracing eco-friendly approaches and putting more effort into reducing their environmental impact.
With sustainability taking a primary role, cloud providers are investing in renewable energy sources and energy-efficient data centres.
Major cloud service providers, including Amazon, Microsoft, and Google, are committed to achieving net-zero emissions and using 100 percent renewable energy. Amazon aims for zero emissions by 2040, while Microsoft targets a ten-year earlier deadline. This trend toward environmentally sustainable cloud computing is expected to gain momentum in 2024.
4. Artificial Intelligence as a Service (AIaaS)
AI-as-a-Service (AIaaS) is a cloud-based service that facilitates outsourcing artificial intelligence (AI), allowing individuals and businesses to explore and implement AI solutions at scale without significant upfront investments or high risks. The ease of adoption enables experimentation across various public cloud platforms, services, and machine learning algorithms.
A notable feature of AIaaS is the provision of specialized hardware and software bundled with the service. For instance, applications like computer vision, which demand substantial computational power, can benefit from dedicated hardware such as GPUs or FPGAs.
Acquiring and managing the necessary hardware and software components for AI implementation can pose financial barriers for many organizations. AIaaS addresses this by offering comprehensive AI services and the essential infrastructure required for their execution.
Some of the popular Services offered by AIaaS providers are listed in the table below:
5. Hybrid and Multi-Cloud Adoption Increases
Organizations are increasingly embracing multi-cloud and hybrid cloud strategies to optimize performance, mitigate vendor lock-in, and bolster resilience in their cloud infrastructure. Hybrid cloud solutions integrate public and private clouds seamlessly, unlocking scalability and cost efficiency.
While offering cost and flexibility benefits, these strategies introduce complexity in data governance and integration with legacy systems. Multi and hybrid cloud, combining cloud with on-premises infrastructure, represent advanced solutions gaining popularity. Organizations are drawn to these approaches as they aim to balance security and flexibility, selectively choosing services to meet specific needs.
The adoption of hybrid and multi-cloud approaches is on the rise as organizations prioritize cost reduction, resilience enhancement, and avoiding dependency on single vendors. Companies strategically allocate workloads across diverse cloud environments based on their unique requirements.
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6. Real-time Cloud Gains Traction
In 2024, businesses are shifting towards harnessing real-time data to gain immediate insights, steering away from reliance on outdated and stagnant information. Simultaneously, the data landscape is transforming, witnessing a surge in streamed content consumption.
Whether it’s movies and music from platforms like Netflix and Spotify or video data from virtual meetings on Zoom or Teams, the prevalence of streamed entertainment, including the burgeoning domain of cloud gaming, is reshaping how we engage with digital content.
This evolving scenario underscores a growing demand for data storage solutions prioritizing instant access. Cloud customers are poised to seek flash and solid-state storage devices increasingly.
This shift signifies a strategic move towards storage options that align with the need for swift, on-the-fly data retrieval, ensuring that your organization can keep pace with the dynamic nature of real-time data utilization.
7. Serverless Computing Sustains Popularity
With the growing demand for efficient solutions, the popularity of serverless computing architecture is increasing among forward-thinking businesses.
The serverless cloud computing service model makes it flexible for your business by eliminating the need to manage your servers.
In a typical cloud service, you need to pay for the number of servers you want to host your infrastructure on, whereas, under a serverless model, you pay for the resources you directly use. This pay-as-you-go model drives efficiency and frees you to spend time on your core activities.
The shift to serverless cloud computing allows developers to focus on innovation rather than infrastructure management. Thus, it enhances agility, scalability, and cost-effectiveness for your business.
Wrapping up
It is high time to unfold the possibilities in cloud computing when agility and innovation rule supreme. As edge computing continues its reign and citizen developers reshape the app development narrative, the importance of sustainability in tech practices cannot be overstated. The blend of artificial intelligence and cloud services, the surge in hybrid and multi-cloud adoption, the traction gained by real-time cloud solutions, and the sustained popularity of serverless computing collectively shape a landscape where adaptability is not just an advantage but a requisite.
These trends are the guiding stars, ushering your business into a future where the synergy between technology and strategy becomes the cornerstone of success. Embrace these trends, and let your tech game ascend to new heights in the ever-evolving cosmos of cloud computing.
Which trend will transform your business? Connect with our Cloud Computing experts to make an informed decision.
