By Jon Emery, Director of Solution Engineering, CloudSphere
As the landscape of technology evolves, cloud computing continues to define new heights and set revolutionary milestones. As we kick off a new year, there’s even more to expect in 2024, with emerging trends that will shape the course of businesses and technology alike.
With the public cloud service market expected to reach $482.4 billion in 2024, as predicted by Gartner, evolving trends in cloud computing should come as no surprise to those in the tech space. Not to mention that an exclusive report by MarketsandMarkets has shared that cloud computing is projected to reach $832.1 billion by 2025.
Behind these numbers are the emerging trends of 2024 that will help cloud computing continue to grow. Read on to learn more about what’s coming up this year and more.
In this article, we’ll share:
- Why cloud computing is becoming more critical in business
- The top five most prominent trends for the upcoming year
- How CloudSphere can help your business benefit from 2024’s trends
The Increasing Importance of Cloud Computing in Business
Cloud computing is not just a technological shift, but a complete operational shift in how businesses function. It’s about staying agile, scalable, and competitive.
6 Benefits of Cloud Computing for Organizations
Below are a few of the most notable benefits of integrating cloud computing into your business practices.
1. Scalability: Cloud computing provides businesses with the ability to quickly scale up or down their IT requirements as and when required, ensuring they are not paying for resources they aren’t using.
2. Cost-Effectiveness: By utilizing cloud-based services, businesses can avoid the expensive costs of purchasing, managing and maintaining on-premises hardware and software.
3. Collaboration Efficiency: It allows employees to work from anywhere, any time and on any device, enhancing collaboration and productivity.
4. Business Continuity: With cloud computing, businesses have reliable data recovery solutions for all kinds of emergency scenarios—like earthquakes or other natural disasters.
5. Automatic Updates: The cloud suppliers often update the services, including software with the latest versions, ensuring that the system or service is always up to date.
6. Flexibility: For businesses with fluctuating or growing bandwidth demands, cloud-based services make it easy to scale up cloud capacity
Unveiling the Top Cloud Computing Trends for 2024
As we look ahead, several factors indicate a significant shift in cloud computing dynamics. Here are some of the top five trends forecasted for 2024 that we expect will shape the future of this industry:
- Serverless Computing
- Hybrid Cloud Solutions
- AI and Machine Learning
- Increased Security Measures
- Kubernetes and Containerization
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Trend #1: Serverless Computing
Serverless computing will continue to expand across workloads, as cloud providers manage resource allocation for clients dynamically. As a pay-as-you-go model, it has been gaining momentum in the industry, which ultimately provides business with cost savings. This model offers businesses the opportunity to only pay for their actual consumption, rather than a pre-purchased server capacity.
Benefit of Using CloudSphere for Serverless Computing
With our tools for monitoring and managing serverless applications, CloudSphere helps support your business by ensuring optimal performance and cost-efficiency. Our Cloud Cost Management solution helps businesses monitor and control their cloud spending.
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Trend #2: Hybrid Cloud Solutions
With continued cloud adoption, more companies are going to multi-cloud solutions to avoid vendor lock-in and leverage the strengths of each cloud vendor. As businesses continue to seek agility and scalability, the hybrid cloud could become the go-to model for many organizations. This combines both public and private clouds or multiple public clouds, with the flexibility of this option making it a popular strategy in today’s market. This also allows businesses to enjoy the benefits of both the security of private clouds and the scalability of public clouds.
Benefit of Using CloudSphere for Hybrid Cloud Solutions
CloudSphere is equipped to support businesses in adopting hybrid cloud solutions with our comprehensive platform. Our Cloud Management Platform (CMP) provides a unified view across all cloud environments, enabling businesses to manage and optimize their hybrid and multi-cloud deployments effectively. Native costing capabilities help to estimate TCO across all three major public cloud vendors.
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Trend #3: Artificial Intelligence and Machine Learning
Artificial intelligence (AI) and machine learning (ML) are changing the face of cloud computing, improving efficiencies and driving innovation. These technologies are expected to play a more significant role in the years to come by automating tasks, providing advanced analytics, and offering other operational efficiency enhancements.
As both tools become more accessible and affordable through the cloud, many businesses may increase their adoption of cloud-based AI and machine learning. They offer organizations the ability to leverage them for data analysis, predictive modelling, and automation.
Benefit of Using CloudSphere for AI and ML
You can optimize your cloud usage and reduce your costs this year using CloudSphere’s AI-powered insights, which harness the power of machine learning. Our platform uses AI and ML to automate tasks, optimize resources and predict future costs, helping businesses stay ahead of the curve. Planning a large migration takes countless hours, and our tool can automate most of this work, while also minimizing the risk.
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Trend #4: Increased Security Measures
With an increase in cyber threats, security in cloud computing will become more robust in the future. As computing power increases and AI becomes more capable, so must the security to combat nefarious activities from bad actors.
Expect to see advancements in encryption and stricter data protection policies. As businesses become more reliant on the cloud, ensuring data privacy and meeting regulatory requirements will become increasingly paramount.
Benefit of Using CloudSphere for Cloud Security
CloudSphere’s cloud governance solutions can help business maintain compliance and manage risks, providing peace of mind in an increasingly complex digital landscape. CloudSphere’s SOC2 Type 2 compliance offers industry-leading security features, including role-based access control and policy enforcement, to help businesses protect their cloud resources before, during and after a migration project.
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Trend #5: Kubernetes and Containerization
The continued adoption of the two interconnected trends of Kubernetes and containerization will make for more efficient application deployment and management. Kubernetes, an open-source platform, is designed to automate deploying, scaling, and managing containerized applications. It makes management and discovery easy by grouping containers, turning an application into logical units.
Containerization, on the other hand, involves encapsulating or packaging up software code and all its dependencies so that it can run uniformly and consistently on any infrastructure. This trend is increasingly popular as it allows developers to create predictable environments that are isolated from other applications.
Together, Kubernetes and containerization offer a powerful solution for deploying and managing applications at scale. They provide the flexibility to run applications on any public cloud, private cloud, or on-premise. They also support microservices architecture, which is a design approach for building a single application as a suite of small services, each running in its own process and communicating with lightweight mechanisms.
Benefit of Using CloudSphere for Kubernetes and Containerization
Our platform provides businesses with the tools they need to move to and optimize their cloud environments effectively. We can identify opportunities to update existing cloud infrastructure with more modern alternatives, like PaaS options. If a workload or service isn’t already in the cloud, we can help move it into the cloud to take advantage of modern offerings, such as Kubernetes and containerization. With this move, businesses can automate the deployment, scaling, and management of their applications, reducing the need for manual intervention and increasing operational efficiency.
Embracing the Future: CloudSphere’s Advanced Solutions
With our comprehensive platform, CloudSphere offers you support throughout your entire digital transformation journey and beyond. As trends emerge and evolve, our tools and cloud asset management platform can help you more effectively manage the rapidly changing landscape of cloud technology and your resources.
How Does CloudSphere Support Your Businesses?
CloudSphere’s offerings align with the top trends in cloud computing. Our platform offers businesses access to features, such as:
- Migration management
- Cloud cost management
- Resource optimization
- Service modernization
By leveraging these tools, businesses can stay ahead of the curve by ensuring they are maximizing the value of their cloud investments while minimizing risks.
How CloudSphere Helps You on Your Journey
CloudSphere makes digital transformations easy by offering automation and clarity of IT estates. We empower our partners and customers to discover, plan, migrate, optimize, modernize, and secure entire cloud environments with automated features that save businesses time, money and disruptions.
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About Jon Emery
As CloudSphere’s Director of Solution Engineering, Jon brings to our team nearly two decades of B2B sales and leadership experience selling complex enterprise technology solutions. He is adept at translating the very technical into market language, and skilled at developing a client-centric sales approach using consultation and education to build trust.
Connect with Jon on LinkedIn.
