How much money did your company spend on cloud computing this year? If the answer is “more than last year,” you aren’t alone. Worldwide end-user spending on public cloud services sat at $410.9 billion in 2021. By the end of this year, that number is projected to rise to $494.7 billion. And in 2023, end-user spending will top out at around $600 billion.
Global spending on public cloud products is growing at a rate of 20.4% each year. Cloud computing can stand to help your business in a myriad of ways — but it’s important to know the best places to invest your money. Here are the top 10 trends we expect to see in cloud computing next year.
Hybrid Multi-Cloud Solutions
With a hybrid cloud solution, you can benefit from a mixed environment that uses both a private and public cloud. Sometimes, this is also called a multi-cloud solution. A hybrid or multi-cloud infrastructure is affordable and easier to scale.
Hybrid solutions are especially beneficial for companies that are fully or partially remote. A hybrid cloud is more flexible and accessible. And since 25% of employees in the U.S. will work remotely by the end of 2023, it’s easy to see why hybrid cloud is a must-have trend for next year.
Backup and Disaster Recovery
In 2023, cybercriminals will hack into over 33 billion accounts. This is a statistic that should concern you. And this is why backup and disaster recovery will continue to be a major focus moving into 2023.
Cloud-based backup and disaster recovery keep your data safe in an off-site location. It also reduces business downtime in the event of a security breach.
Serverless Architecture
Serverless architecture allows you to run applications and servers without the need to manage infrastructure. Instead, a serverless architecture relies on the existing managed services available through the cloud.
Typically, a serverless architecture costs less money since you don’t need to buy or rent servers to store data. Instead, you’ll use a pay-as-you-go plan to pay for only the amount of server space you actually need.
AI Platform
By 2023, worldwide spending in the artificial intelligence market will reach $500 million (compared to just $432.8 billion in 2022).
The automation provided by AI will boost your computer and business efficiency and save you time. Data analysis is another area where AI can take over. Overall accuracy will increase, too.
Cloud Security
Unfortunately, cybercrime is becoming more and more of a concern. Cloud-based backup and disaster recovery is one way to mitigate the damage should your business fall prey to an attack. And a proactive approach with cloud security is equally as important.
Cybersecurity threats are becoming more sophisticated and a cloud-based security option will provide the advanced protection needed to help keep your customers’ data safe.
IoT Platform
IoT platforms are an up-and-coming trend in hyper-connected cloud computing. An IoT platform is a group of cloud-based services and apps that interact with connected devices. IoT powers cloud applications and services, collecting necessary data. The number of active IoT devices is expected to double by 2023.
Edge Computing
Edge computing refers to a distributed computing framework that takes enterprise applications closer to data sources, such as IoT devices. This allows edge computing to offer real-time IoT data, analysis, and traffic flow. The global edge computing industry is rising at a considerable rate.
DevSecOps
DevSecOps — or development, security, and operations — is an application security approach that introduces security at an earlier stage in the software development lifecycle. One study indicated that 46% of IT security stakeholders feel DevSecOps would enhance cloud security.
DevSecOps integrates security at every stage of the software development lifecycle. This makes it faster and more affordable to fix any security issues that might come up. Software is delivered more quickly and tends to be more secure.
Service Mesh
A service mesh is a dedicated infrastructure layer you can add to your applications for service-to-service communication. This allows your cloud platforms to communicate quickly and securely. A service mesh helps your applications be more secure and reliable.
Open-Source
Open-source cloud computing refers to any cloud service or solution that was created with open-source software and technology. In other words, the infrastructure of that cloud platform can be customized. Open-source cloud solutions can typically be used with any back-end platform.
Keeping Pace
The cloud computing industry is continuing to quickly grow and evolve. If your business doesn’t keep up, you’ll get left behind. Adopt the above cloud computing trends so you can keep pace in 2023.