“The global cloud computing market is expected to cross $1 Trillion by 2024, concludes the latest research report covering the cloud computing products, technologies and services for the global market.”
Cloud computing market
“Cloud computing market is at a major inflection point in its evolution,” said Roy Illsley, Distinguished Analyst, Ovum. “While 20 percent of business processes have already moved to the cloud, 80 percent of mission-critical workloads and sensitive data are still running on on-premises business systems because of performance and regulatory requirements. However, in 2019 the percentage of these workloads running in the cloud will increase to over 40 percent and we anticipate that in the coming years enterprise clients will move to multicloud systems that cater for a broad variety of business and IT needs.”
Cloud Computing Market 2022
The Catalysts for Today’s IT Innovation
The theme of this year’s meetup is “Cloud and the Interconnected World”. This year we will be having the Cloud Computing Market 2022 event in which we will discuss the roles of cloud computing in addressing the challenges of an interconnected world, and the necessary building blocks for the vision and standards that make an interconnected world possible.
Cloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. This cloud model promotes availability and is composed of five essential characteristics (On-demand self-service, Broad network access, Resource pooling, Rapid elasticity, Measured Service); three service models (Cloud Software as a Service (SaaS), Cloud Platform as a Service (PaaS), Cloud Infrastructure as a Service (IaaS)); and, four deployment models (Private cloud, Community cloud, Public cloud, Hybrid cloud). Key enabling technologies include: (1) fast wide-area networks, (2) powerful, inexpensive server computers, and (3) high-performance virtualization for commodity hardware.
Our modern world is facilitated by cloud computing which empowers and seamlessly supports these technologies and enables future innovation.
The world that we live in today is significantly different than it was just a few years ago. The ability to create, store, and manipulate ever increasing amounts of data from cell phones, tablets and other devices continues to grow by leaps and bounds. We have also seen an explosion in the amount of networked cyber-physical devices that interact with their environment through sensing and actuation. Smart cities, smart buildings and driverless cars are in the crosshairs of this new world.
Join your fellow colleagues at the Cloud Computing Market 2022 to learn more how cloud computing contributes to these technologies and to hear from an array of influential government, industry and academic leaders.