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Cloud Storage - Benefits and Prospects

According to SAP forecasts, the average annual growth of the cloud computing industry in all business segments all over the world will be up to 25.43% by 2020, which is ahead of the IT pace as a whole. Thus, the cloud solutions market will grow by more than 2 times - from $22.6 to $48.33 million. What are the drivers of such growth? What factors can prevent forecasts from coming true? Let's have a closer look at the matter and try to answer all these questions.

The Use of Cloud Storage in Business

Back in 2011, Time magazine called the economic model of the "sharing economy" capable of changing the world. The main idea of the approach is to combine mass demand and scattered supply using the principles of barter and rent. The concept is manifested in the most diverse areas of the digital business and human activity in general. Just like services from Best vpn rating, the contribution of the concept was just impossible to measure and estimate.

 

https://www.ionos.ca/digitalguide/fileadmin/DigitalGuide/Teaser/cloud-hosting-ist-besser-als-sein-ruf-t.jpg

Today, everyone knows global online services based on the "shared consumption" model; among them, there are Uber, Airbnb, and many others. In fact, it is simply impossible to find a company that would effectively function and collect data without using cloud storage services and ensuring privacy of all the information.

The cloud-based concept is associated with the so-called cloud computing, whose inherent requirements covers:

  • the platform availability from anywhere in the world if the Internet connection is in place;
  • continuity and reliability of the access to both services and data;
  • high bandwidth and ease of administration;
  • the ability to quickly scale the volume of IT resources;
  • automatic metering of consumed power;
  • affordable cost depending on could space used.

In other words, without owning their own computing resources, the company can use external ones to solve the company's tasks from anywhere in the world and at any time.

 

https://cdn1.cloudpro.co.uk/sites/cloudprod7/files/7/10//cloud_storage2.jpg

As a rule, with the help of "clouds," both large enterprises and ordinary users solve the problem of storing large amounts of data. It is absolutely possible since cloud storage allows you to remotely accumulate, store and process any amount of information without purchasing expensive equipment and software licenses. Such a service is demanded by individual entrepreneurs (designers, marketing specialists, programmers, HR specialists) as well as small and medium-sized enterprises, primarily in areas of the economy with the high competition rate:

  1. retail trade (38% of the market);
  2. logistics and transportation services (12% of the market);
  3. media companies (10% of the market);
  4. digital economy and telecommunications companies;
  5. credit and financial sector;
  6. sectors of the fuel and energy complex and utilities;
  7. small and medium-sized manufacturing enterprises;
  8. medicine and pharmaceuticals.

According to expert forecasts, the main drivers for the development of the cloud services market will be small and medium businesses, which will soon need some external platforms to support their informational architecture. Thus, cloud technologies will allow them to significantly reduce the cost of the material and technical base and provide flexibility in resource management.

Cloud Storage Features

Speaking of cloud storage, many people estimate the service capabilities by the amount of space involved, but this is not the only parameter characterizing the service. The speed of information exchange (file upload/download) between local client servers and cloud storage is also worth taking into account. The maximum amount of transferred files (usually from 5 GB to 5 TB) should be checked as well. The level of online safety of transmitted and stored data. The integration and compatibility of cloud storage with various software and hardware platforms, databases (relational, NoSQL), as well as support for various protocols (OpenStack Swift, Amazon S3, RBD),  are to be considered as well.

Cloud Storage Organization Type

When using cloud storage solutions, you have several alternatives on how to organize the setting so that it meets all your needs and requirements:

  1. file storage option - suitable for multimedia arrays or personal user directories, large content repositories, development environment;
  2. object storage option - suitable for importing unstructured data (for example, media files and web materials) from other storages for the purpose of analytics, data migration, backup, archiving;
  3. block storage option - suitable for processing arrays of financial and other information requiring complex calculations, for locating ERP systems, as well as for any frequently rewritable data;
  4. aggregate storage option - a variant of block storage, suitable for compact storage of information that does not require large overwrites.

Before you start using a cloud storage service, it is important you check all its characteristics and decide on the cloud organization type.

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Published Monday, April 22, 2019 10:03 AM by David Marshall
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