What is a Managed Cloud, and How Can it Help You?
In today’s digital age, businesses rely heavily on cloud computing for their IT infrastructure. Gartner, Inc. released its latest forecast stating that global expenditure by end-users on public cloud services is expected to increase by 20.7% in 2023, reaching a total of $591.8 billion, up from $490.3 billion in 2022. While the benefits of cloud computing are undeniable, managing cloud infrastructure can be daunting for businesses with limited IT resources. This is where managed cloud services, including AWS development services and cloud development services, come in to provide a solution. In this article, you will get a detailed insight into what managed cloud is and how it can help businesses to optimize their cloud operations, ultimately leading to increased efficiency and cost savings.
What is a Managed Cloud?
A managed cloud is a service model in which a third-party provider manages and optimizes a company’s cloud infrastructure. The provider delivers infrastructure, platform, or software tailored to the business’s needs. Managed cloud services are rapidly gaining popularity, particularly among small and medium-sized enterprises (SMEs) that need more in-house IT resources to manage their cloud infrastructure effectively.
From 2023 to 2030, the global market for cloud-managed services is expected to experience a compound annual growth rate (CAGR) of 13.40%, according to projections. This growth can be accredited to the increasing adoption of cloud computing among businesses of all sizes, the need for reducing IT infrastructure costs, and the demand for managed services with enhanced security and compliance.
Managed cloud services offer a range of benefits to businesses. One of the key benefits is cost savings. By outsourcing cloud management to a third-party provider, companies can reduce their IT infrastructure costs, as they don’t need to hire and train additional staff to manage their cloud infrastructure.
How Can Managed Cloud Help You?
Managed cloud services offer several benefits to businesses. Here are ten ways it can help your business:
- Cost Savings: Managed cloud services can help businesses save on IT infrastructure costs by optimizing cloud usage, reducing waste, and providing cost-effective solutions. For example, AWS Development Services and Cloud Development Services can offer pay-as-you-go pricing models allowing businesses to pay only for their resources. For the fifth consecutive year, optimizing the utilization of cloud resources for cost reduction remains the leading priority for 61% of organizations, according to a report, indicating the significance of this initiative.
- Scalability: Managed cloud providers can help businesses scale their cloud infrastructure up or down based on their changing needs. This ensures companies have the resources to meet demand without overspending on unnecessary resources. According to data from Gartner, global expenditure on public cloud services is projected to reach $600 billion in 2023, highlighting a significant upward trend in this market. AWS Development Services and Cloud Development Services offer flexible and scalable solutions that meet the needs of businesses of all sizes.
- Improved Security: Managed cloud providers offer enhanced security features, such as data encryption, firewalls, and intrusion detection systems, that can protect businesses from cyber threats. This is particularly important as cyber-attacks become increasingly common and sophisticated. Over the next five years, the costs associated with cybercrime are expected to rise by 15%, with projections indicating that it will reach a staggering $10.5 trillion by 2025.
- Reduced Downtime: Downtime can be pricey for businesses, resulting in lost productivity and revenue. Managed cloud providers can proactively monitor and manage cloud infrastructure to minimize downtime. This ensures that companies can access their applications and data when needed. After transitioning to the cloud, 61% of small and medium-sized businesses (SMBs) reported a reduction in both the frequency and duration of their downtime, as per a survey. AWS Development Services and Cloud Development Services offer 24/7 monitoring and support to help businesses avoid downtime.
- Faster Time-to-Market: Managed cloud providers can offer ready-to-use infrastructure and platform services, enabling businesses to launch applications and services faster. This can provide a competitive advantage for businesses, allowing them to bring new products and services to market more quickly than their competitors. As per a report, 81% of enterprises have already implemented or in the process of establishing a multi-cloud approach, while 67% of enterprise infrastructure is presently hosted on the cloud.
- Innovation: Managed cloud providers can help businesses leverage the latest technologies and innovations, such as artificial intelligence and machine learning. These technologies can provide valuable insights and improve business operations. AWS Development Services and Cloud Development Services offer various advanced cloud technologies to help businesses innovate and grow.
- Disaster Recovery and Business Continuity: Managed cloud services can help businesses quickly recover from a disaster or system failure, minimizing downtime and ensuring business continuity. Cloud providers typically offer redundant infrastructure in multiple geographic regions, allowing data replication and failover to a backup site during a disaster. Managed cloud providers can also help businesses to develop a disaster recovery plan and test it regularly to ensure its effectiveness.
- Access to Expertise: Managed cloud providers are a team of expert people with deep knowledge and experience in cloud technology, including AWS development services and other cloud development services. By partnering with a managed cloud provider, businesses gain access to this expertise without hiring and training their IT staff. This can be beneficial specially for smaller companies needing more resources to build their cloud team.
Managed cloud services are crucial for businesses in today’s competitive digital landscape. These services offer companies the ability to harness the power of cloud technology without the complexity and cost of managing it on their own. By partnering with a trusted provider, businesses can focus on their core expertise and strategic initiatives while achieving their technology goals. Companies can optimize their cloud infrastructure and drive success with expert support and guidance. AWS development services and other cloud development services are vital components of managed cloud offerings, providing businesses with the tools they need to innovate and grow.