An overview
Cloud refers to the servers accessed over the internet. Therefore, Cloud computing means storing, managing, and accessing the data and programs on remote servers hosted on the internet. In other words, cloud computing is the on-demand availability of computer system resources without direct active management.
Amazon Web Services(AWS), Microsoft Azure, and Google Cloud Platform are the most widely used cloud services.
Significance of Cloud Computing
Flexibility: Cloud computing enables employees to be flexible in and out of the workplace. Organizations can choose cloud infrastructure and services according to their needs.
Scalability: We can use as many resources as we want with cloud computing. It allows us to upscale or downscale our IT requirements per our needs.
Cost-effective- we only have to pay for the resources we use. This makes Cloud computing an economically better option than investing in personal resources.
Security- the cloud service providers carefully monitor the resources and data's safety.
Recovery- the cloud backup and recovery of data is fast and reliable.
Cloud computing- statistics.
It is estimated that by 2025, there will be more than 100 zettabytes of data stored in the cloud. In 2020, the total worth of the cloud computing market was $371.4 billion, and by 2025 it is estimated to reach $832.1 billion. With a market share of 31%, Amazon Web Services is the most widely used cloud service. It is followed by Microsoft azure having a market share of 20% and Google cloud at 7%.
Growth of Cloud Computing
The global cloud computing market is expanding at a compound annual growth rate(CAGR) of about 16%.
Rapidly emerging technologies like big data, artificial intelligence(ai), and machine learning (ml)are a major reason behind the growth of the cloud computing market globally.
The demand for cloud computing skills
After the internet, cloud computing has emerged as the fastest-growing revolutionary technology. In the current scenario, cloud computing has become one of the most demanded professional skills. More than 90% of the businesses across the world are now switching to cloud services.