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Top 5 Trends in Cloud Computing To Watch in 2023 and Beyond

Why should you care about the latest trends in cloud computing?

Here's why.

Due to the drastic shift toward virtualization and remote working, cloud computing technology has reinvented almost every industry and market globally.

Furthermore, it's one of those technologies in the IT industry that are growing rapidly and there are no signs of stopping any time soon.

Here's the proof:

According to Market.Us, the global cloud computing market was valued at $546 billion last year and is projected to be worth $2,321 billion by 2032 growing at a CAGR of 16%:

Global-Cloud-Computing-Market-size-service 

Image via Market.US

What's more?

According to a recent Google Cloud survey, 41.4% of marketing leaders say they are increasing their use of cloud-based services and products due to the current economic climate:

Google-Cloud-survey-shifting-cloud 

Image via Google Cloud

This shows that almost everyone is moving to the cloud, thus it's important to stay ahead of the trends at all times.

Below are the significant trends in cloud computing you should watch out for in 2023 and beyond. 

1. Low-Code and No-Code Cloud Solutions

The need for tools and platforms that enable people to create applications and leverage data without working with computer codes has led to the widespread adoption of low-code and no-code cloud services.

Currently, there are plenty of solutions such as website builder platforms that enable people to design stunning websites using a drag-and-drop interface. Attrock has prepared a list of best website builders from which you can choose the right one for you.

Other tools in this category include Zoho, Figma, and many more that help users automate spreadsheet tasks, create web applications, etc. In fact, a lot of contactless marketing tools are all cloud-based SaaS solutions.

All of the available low-code and no-code solutions are provided via the cloud so users can access them as-a-service and are expected to become increasingly popular in 2023 and beyond.

2. AI Platforms Are Increasingly Becoming Popular

To reduce the cost of production, organizations have opted to automate repetitive, tedious, and difficult processes that tend to slow down production and increase the cost of operation.

By automating some of these functions, organizations can reduce their costs on paperwork and labor. It also helps reduce human error and boost efficiency in production.

For instance, instead of hiring an accountant for their businesses, they leverage cloud-based accounting software.

According to IBM Global AI Adoption Index, 65% of organizations say adopting AI helps them reduce manual or repetitive tasks.

IBM-GlobalAI-Adoption-Index 

Image via IBM

This is the reason why artificial intelligence platforms that support automating processes deliver great results.

Currently, the top artificial intelligence platforms include Google AI, IBM Watson, Microsoft Azure, TensorFlow, ChatGPT, and many more.

These platforms enable organizations to manage and automate internal processes smartly to increase efficiency.

3. Edge Computing

As an increasing number of organizations switch to cloud-based services and products, they become more vulnerable to cyberattacks.

This is where edge computing comes in.

Even though it's not a new technology, many organizations are adopting edge computing since it offers more efficient and secure solutions than traditional computing methods.

The global edge computing market was valued at $11.24 billion in 2022 and is projected to grow at a CAGR of 32.3% from 2023 to 2030.

global-edge-computing-market-size 

Image via Grand View Research

With edge computing technology, data is stored and processed close to its point of delivery.

This doesn't only reduce the risks associated with the cloud but also provides expressively faster speeds and lower latency since data doesn't need to travel long distances.

Furthermore, the rapid adoption of this technology is due to the ever-growing number of IoT devices.

According to estimates, there will be more than 29 billion IoT devices by 2027.

Global-IoT-market-forecast 

Image via IoT Analytics

These devices are projected to produce over 50 zettabytes of data making edge computing even more important.

An edge infrastructure can handle this data effectively at a latency of 1 millisecond.

It's also more cost-effective than normal cloud services. Hence, edge computing can help organizations save costs while overcoming the challenges related to cloud computing.

4. Increased Investment in Better Security

While migrating to the cloud offers huge opportunities, increased efficiencies, and convenience, organizations are exposed to a new range of cybersecurity threats.

Organizations have suffered a range of major security threats ranging from data breaches and leaks to intrusions, and many others:

Major-cloud-security-threats 

Image via Snyk

This has led to organizations increasing their spending on cyber security and building resilience against every kind of threat from data loss to cloud security systems and more.

It's no wonder cybersecurity is the top investment priority for 31% of global organizations according to the Google Cloud survey mentioned above:

Cybersecurity-investment-priority-2023 

Image via Google Cloud

5. Multi-Cloud and Hybrid Cloud Are Becoming Increasingly Popular

According to a recent survey, 87% of organizations say that their application environment will become distributed across more locations.

As organizations continue to realize the benefits of diversifying their services across different cloud providers, multi-cloud and hybrid cloud technologies continue to grow.

Both frameworks leverage more one than one cloud system.

Multi-cloud is a framework that utilizes more than one cloud solution belonging to the same system.

On the other hand, a hybrid cloud infrastructure involves a combination of cloud-based resources where applications are run using a mix of computing, storage, and services in different locations both public and private, including on-premises data centers.

Today, 80% of organizations use a multi-cloud framework whereas 72% leverage a hybrid cloud infrastructure:

Organizations-using-multi-cloud-and-hybrid-cloud 

Image via Flexera

Since organizations want to enjoy the best from multiple environments and no longer want to restrict themselves to one single cloud, we can expect to see these trends in cloud computing to continue growing in popularity.

Conclusion

From cost savings and increased flexibility to mobility and increased collaboration, cloud computing offers a host of benefits to organizations of all sizes.

These, and many other benefits, are the reasons why cloud computing is increasingly growing popular and is set to continue throughout 2023 and beyond.

So, start taking advantage of these trends to get an early-mover advantage.

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ABOUT THE AUTHOR

Gaurav Sharma 

Gaurav Sharma is the founder and CEO of Attrock, a results-driven digital marketing company. Grew an agency from 5-figure to 7-figure revenue in just two years | 10X leads | 2.8X conversions |  300K organic monthly traffic. He also contributes to top publications like HuffPost, Adweek, Business 2 Community, TechCrunch, and more.

Published Wednesday, July 19, 2023 7:37 AM by David Marshall
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