Top 6 Cloud Computing Trends to Look for 2024
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The cloud computing landscape has witnessed significant growth over the last decade. In fact, the worldwide spending on the cloud infrastructure is expected to exceed $1 trillion for the first time in 2024. And we are still witnessing many breakthroughs in this space. So, what are some of the pivotal advancements in cloud computing? Read this list of six trends to see where this industry is headed in the future.
Let’s get started!
Top 6 Trends to Watch in Cloud Computing
The upcoming year promises to be a dynamic period for businesses, particularly in the realm of cloud computing. In an era marked by byte-sized innovations, we are on the brink of witnessing a myriad of advancements that will redefine our interaction with and utilization of digital resources. Before delving into the details, let’s explore critical technologies shaping the future of the cloud.
- AI as a Service
- Hybrid and Multi-Cloud Strategies
- Edge Computing
- Quantum Computing
- No-Code/Low-Code Cloud Solutions
- Increasing Focus on Kubernetes and Docker
AI is revolutionizing industries worldwide, and the cloud is set to play a pivotal role in making AI accessible to businesses globally. Advanced AI models, such as ChatGPT, require substantial computing power and vast datasets for training and management. Many organizations lack the resources to undertake this independently, making AI-as-a-service through cloud platforms a transformative solution in the coming years.
The adoption of hybrid and multi-cloud strategies is expected to rise, with approximately 81% of organizations working with two or more providers, according to a recent Gartner survey. While offering flexibility and cost advantages, these strategies introduce complexity in terms of legacy integrations and data governance. Nevertheless, they represent next-gen infrastructure solutions gaining traction as organizations seek a balance between security and flexibility.
Although not a new concept, edge computing is gaining widespread adoption globally. The global edge computing market is projected to reach USD 111.3 billion by 2028, with a CAGR of 15.7%. Cloud providers are transitioning to the edge to address the surge in next-gen technologies like 5G, IoT devices, and latency-sensitive applications. This approach, decentralizing data and processing significantly reduces latency, lowers bandwidth costs, and enhances connection performance.
Quantum computing is anticipated to gain prominence due to its ability to execute complex data processing algorithms swiftly. Leveraging principles from quantum physics, it offers improved data-handling capacity, enabling the storage of data in qubit form. As a cost-effective trend in cloud computing, quantum computing holds promise for processing vast amounts of data in significantly shorter durations.
The era of extensive coding for application development is fading with the rise of no-code/low-code cloud solutions. Businesses can now build applications without technical expertise, leveraging AI and its subdomains. These solutions reduce development time and costs, accelerate product development, and minimize errors.
Kubernetes and Docker are pivotal in the ever-changing cloud computing landscape, efficiently managing services and workloads from a centralized location. These open-source platforms are crucial for large-scale deployments, overseeing cloud deployments for both individual users and organizations.
Conclusion
This article is not just merely a collection of trends. MSys Technologies can help you turn these theoretical trends into tangible Proof of Concepts (PoCs). In this spirit, we invite you to connect with us to explore the potential collaboration with MSys Technologies, crafting PoCs that align with the use cases outlined herein. Let these insights be a catalyst for transformation, inspiring you to follow the trends and lead the charge toward innovation and success. The path is illuminated, and the possibilities are boundless — let your journey with MSys Technologies be the next chapter in your pursuit of technological excellence.