Cloud is at the core of the end-to-end digital transformation that most businesses are turning to today. Businesses having realized the importance of cloud are engaging with the right cloud solution partners to help maintain business continuity and prepare for the future to emerge strong in this more than ever competitive market.
According to a recent Gartner forecast, IT spend on cloud solutions is estimated to reach 14.2% of the total global enterprise IT spending market by 2024, an increase from 9.1% since 2020.
What is cloud computing?
Cloud computing is the access to computing services via the Internet or the cloud such as servers, databases, storage spaces, networking solutions, software’s, analytics, and much more for cost-effective, faster, and flexible operations. Technically, cloud computing or cloud solutions can be broken down into three categories – IaaS (Infrastructure-as-a-service), SaaS (software-as-a-service), and PaaS (platform-as-a-service).
IaaS is the simplest option for businesses that involves running applications through remote servers instead of the hassle of maintaining or purchasing one’s own infrastructure. IaaS offers businesses similar capabilities and technologies of a traditional data center to include complete control over the server instances.
According to a recent report by Research and Markets, leading market research store, the IaaS market is expected to grow by $136.21 bn during the forecast period 2021-2025, progressing at a CAGR of 27%.
The pandemic has made it evident that businesses move their operations to the cloud to stay connected and competitive.
What are the benefits of moving to the cloud?
Offers flexibility
Cloud solutions offer immense flexibility that is essential for businesses to operate remotely in a fluctuating business scenario. With difficult time comes a period of uncertainty where businesses experience slow growth; in such times, businesses get the benefit of having moved to the cloud where it becomes easier to tailor solutions according to the requirements of market conditions.
Provides remote access to seamless data
In the wake of the pandemic, work from home has become a new norm and is anticipated to remain the same in distant future. Cloud technology enables easy data sharing across platforms making it easier for everyone to access and view data from anywhere anytime. Cloud-based working environment has made life easier for all of us to communicate and function effectively from the comfort of our own space.
Guarantees data security
Breach of data security has always posed to be a serious threat in the world of digitization. With businesses functioning completely online for the last few years, cloud solutions provide secure infrastructural platforms to operate, guarding efficiently against any data theft or natural disasters. Cloud-based technologies have the ability to detect any attack and solve issues in real time.
Assists in faster deployment
With cloud computing, it is possible to scale one’s requirements with deployment being much faster than the previously used traditional models. Thus, businesses can quickly respond to changes in market situations, operate faster, and make informed decisions on the go.
Reduces operational costs
Migration to cloud enables businesses both big and small to witness a higher ROI by maintaining efficiency and saving capital costs of running a data center. Cloud technology offers customized IT infrastructure and cloud solutions at affordable costs.
Conclusion
Cloud solutions offer scalability and agility to businesses, providing business continuity at all times. Those that navigate through these changing times and promptly adapt to the new normal of cloud technology will be the ones to survive and emerge as winners tomorrow.
To help you with customized cloud solutions and make effective decisions, talk to our experts at Scaleios.