Cloud Computing Services: Global Industry Growth and Future Scope
In simple words, cloud computing is the accessibility of computer resources whenever we need it without much of our involvement. We all use cloud-related apps daily. Cloud is also the backup spot for all the data, software, and other essential things. For example, if you accidentally delete an image, you can always access the cloud to retrieve it. Cloud backs up all media and other files on your phone, given that you use it. Furthermore, there is a long list of companies providing cloud computing services. So, let’s take a look at the growth and the scope of cloud computing services, with companies providing these services.
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What are Cloud Computing Services?
Cloud computing dates back to the 2000s. As we know what cloud computing is, there are services providing cloud computing. Additionally, these services help in developing an infrastructural model for IT companies. Companies use the cloud to deliver almost any service that doesn’t require you to operate a computer.
Types of Cloud Computing Services
So, there are three types of services in cloud computing. Moving on, they are as follows:
Iaas stands for Infrastructure as a Service. It is a cloud computing service providing virtual resources on the Internet. Iaas also has many facilities for its users, like billing, backup, recovery, etc. Its plus points are quickness, ease, and efficiency. Also, users mostly benefit from the vast features of Iaas. It is more of a pre-paid service, mainly covering networking and storage. Furthermore, Iaas takes up around 12% of the total enterprise workload. Here are some examples of Iaas.
- Amazon Web Services
- Microsoft Azure
- Google Compute Engine
Paas stands for a Platform as a Service. It is a part of cloud computing services to specific software. Paas is used mainly for providing a suitable framework for building customized apps. Additionally, developers are the ones who benefit from it. Among all cloud computing services, Paas is the most popular type, accounting for taking up around 32% of the workload. The following are practical examples of the platform as a service.
Amazon Web Services
Google App Engine
Saas stands for Software as a Service. It is also a part of a cloud computing service providing its services over the Internet. Saas is managed by third-party hosts, for delivering apps. You don’t need to download anything from such services, as most Saas apps run via your browser. Learn more here about affordable pricing for Saas backup solutions. Saas holds up to 24% of the total workload. You can access Saas from the browser, and the best part is that you don’t need to update anything. Here are a few examples of Saas.
Gmail, Netflix, Amazon Prime, Cisco, Google Apps, etc.
The Future and Scope of the Cloud Computing Services
Firstly, cloud computing eases the level of accessibility, backup, and other issues. Furthermore, it provides a vast deal of security and saves both time and money for companies.
As of now, the cloud computing industry is booming. So, here are some facts to back the statement:
- As of 2019, the cloud computing industry is worth $266 billion US dollars. Not only that, but it is supposedly about to grow by 15% in the coming years.
- 90% of all companies that we see are on the cloud. Out of all cloud companies, 89% of companies make use of Saas. Only Saas companies account for $85.1 billion in revenue, whereas Iaas and Paas are worth $39.5 billion and $18.8 billion.
- On average, one-third of an IT company’s budget gets spent on cloud services like business email hosting, web hosting, email hosting, backup, recovery, etc.
- 85% of the apps are there on the cloud. Furthermore, 50% of US government agencies use the cloud.
Future of Cloud Computing Services
If the question is, “is cloud the future?” the answer to it is a big yes. Cloud is offering thousands of jobs, and platforms for the IT sector. According to a study, it is about to grow by 44% in just the next five years. Here are some future predictions of cloud computing services.
Storage: Due to the advancement of the cloud computing industry, it is sure that there will be significant updates in space like increased data centres in some way or another.
IoT: With the help of the Internet of things, there can be substantial cloud computing changes. The most predictable update is quick loading.
Cloud Computing Services: As of now, Iaas, Paas, and Saas cover up a considerable percentage of the total enterprise workload. According to a study, they will predictably cover up more than 60% of the entire workload in the forthcoming years.
Other than these aspects, few more areas like security and software, are indeed about to see a bright future in cloud computing services.
Best Cloud Computing Service Providers
So, here are a few of the best cloud computing service providers put together.
Microsoft Azure is one of the leading cloud service providers, serving in almost 140 countries. It provides its services in Machine Learning, AI, IoT, Blockchain, data management, security functions, etc. Azure is worth a whopping $35 billion.
Amazon Web Services
Amazon Web Services is yet another top cloud services provider, excelling in Paas. It offers its services in over 78 countries, and its services are Analytics, Enterprise Apps, Networking, AI, Security, etc. Furthermore, it is a trustworthy company with a worth of $33 billion and 46 compliance certificates. There are also AWS savings plan available at lowest price.
Google Cloud is one of the best cloud service providers, expanding its reach to over 61 countries. It offers its services in IoT, identity, security, API, Storage, Big Data, Cloud AI, etc., and has a revenue of over $8 billion.
As you can see, these are among the best companies providing cloud computing services.
The cloud computing industry has a promising future, and it is an excellent decision to get into the industry. Not only that, but it is also facing a phase of rampant growth. So, these were all aspects of the cloud industry with the best providers and the statistics.