Cloud Computing Trends of 2023
The world of tech is moving very fast. With innovations popping up everywhere, it's an excellent time to be on top of the industry trend, and you can't afford to be in the dark.
Cloud computing has made a huge upfront investment in IT infrastructures. Now, you can move most of your infrastructure such as databases, servers, storage, analytics, and more, to the cloud.
Even though Cloud computing has been making waves across different industries in the last few years, we will introduce you to what we believe to be the trend in 2023.
The Current State of Cloud Computing
Following the pandemic in 2020, work culture has been dramatically geared towards remote work. This has prompted many companies to adopt cloud-based technologies.
According to a report, 61% of companies have moved their workloads to the cloud. Unsurprisingly, this number grew to 94% in 2022.
Even though the market has grown exponentially since 2018, it won't slow down going forward. The market price is expected to leap from $445.3 billion in 2021 to a massive $947.3 billion in 2026.
The growth of cloud computing can, in part, be linked to how adaptable it is for almost every industry. There are three major types of cloud computing development strategies available, namely: public, private, and hybrid.
Public Cloud
The public cloud is most the popular for its ease of adoption. It is less complicated and cost-effective. In a public cloud, third-party service providers like Microsoft Azure, Amazon Web Service (AWS), and Google Cloud Platform (GCP) own and manage the computing services.
Private Cloud
Usually adopted by companies dealing with sensitive data, private clouds can either be hosted physically on a private data center, or they can be remote servers managed by other service providers.
Private clouds are more expensive than public clouds because the company has to purchase or configure data centers and manage them privately.
Hybrid Cloud
Doing business requires a lot of flexibility, and this is why a lot of companies tend to go for hybrid deployment strategies.
As the companies grow, they begin to see the need to optimize existing infrastructure or even test out other deployment options to respond to the flexibility and security demands of their company. In situations where a company decides to deploy a hybrid (public and private) cloud, it makes use of automation and orchestration technologies to bind the two together.
Cloud Computing Trends for 2023
The massive adoption of cloud computing indicates the technology is in for a very long ride. Here are the top five cloud computing trends you need to focus on in 2023:
The Rise of Serverless Computing
If you don't want to deal with moment-to-moment infrastructure management, serverless computing is the way to go. Many companies are going this route for even more reasons but mainly to cut costs. With serverless computing, the cloud provider manages underlying infrastructure and allocates exact resources that meet your company's needs.
This way, you are placed in a pay-as-you-go service, and you don't have to worry about paying a fixed amount for storage, ever. Surely, more companies will push for this in 2023.
Increased Adoption of Edge Computing
Analysts have generally predicted cases of recession later in 2023. Armed with this information, companies have no choice but to focus on efficiency.
Talking of efficiency, in the world of cloud computing, companies who adopts the technology are looking to combine the cloud with edge devices as this will give them a lot of advantage.
Edge computing places a new twist on how data is processed. Instead of carrying out operations in the data centers, computations now take place in localized devices at the network's edge.
The battle to stay in the market in 2023 is fierce, but businesses are constantly relying on edge computing to provide the flexibility they need to scale.
Greater Emphasis on Cloud Security
According to Zippia, 93% of companies identify cloud security as their primary concern, and the reason for this is not far-fetched.
Having to deal with customers' data is quite dicey, as there is little to no room for mistakes or security breaches because such incidents attract fines from the government, and can even lead to a lack of their customer's trust.
As a result, companies are investing heavily in cybersecurity to prevent data loss or breaches. While there are a handful of ways to go around this concern, the trend to cut costs will drive businesses to seek cost-effective solutions in 2023.
Continued Growth of Multi-Cloud Environments
A lot of businesses adopted the multi-cloud approach in 2022. However, the momentum will increase in 2023 as more companies seek to diversify their services across different cloud providers.
Most companies adopt this approach to guard against future issues should their cloud provider change support for certain applications.
Expansion of Artificial Intelligence and Machine Learning in the Cloud
The end of 2022 re-introduces us to the unending world of possibilities that Artificial Intelligence and Machine Learning bring.
In 2023, we will see more AI-as-a-service used in different cloud solutions because although they are in high demand, only a few businesses have the infrastructure to develop an AI in-house.
Cloud providers make it possible to gather data and train algorithms in the cloud for a fragment of what it would cost to build one from scratch.
Final Thoughts
Cloud computing is the future of IT infrastructure, and staying informed about its trend is more important than ever. The last five years have seen the growth of cloud computing in almost every industry, and it will get more pronounced in 2023 as many companies embrace cloud security, server and edge computing.
Seeing the cloud computing trends of 2023, have you made plans to utilize them in your company's technology strategy yet? Contact SBBD for a consultation to discover how to best utilize cloud computing for your organization.