Cloud hosting is a great way to get the flexibility you need without the cost of a local server. With cloud-based services, your bandwidth needs are met instantly without the need for expensive IT infrastructure upgrades. Cloud-based services are also a great way to shift your IT spending from capital to operational expenditures.
The rise of cloud computing has led to a huge boom in technology. It has revolutionized the way businesses operate and created a multi-billion dollar industry. Businesses can now build anything they can imagine and scale it as needed. With cloud computing, you can simply spin up resources as needed to keep up with demand.
The growth of cloud services has made the concept of cloud computing much more accessible to businesses. Using cloud services has become so easy that companies of all sizes can sign up and pay for them from their own budgets. However, it’s important to note that cloud services have a number of security risks that businesses must take into account.
According to a recent report from Amalgam Insights, the enterprise cloud market is growing at an impressive rate. Amazon Web Services is the biggest player in the market, with revenue of more than $40 billion in the second quarter of 2015. However, it’s important to note that the two top players are not the only companies that are leveraging cloud technology. Other players like Microsoft Azure are well positionned on this market too!
Various studies show that spending on application infrastructure will grow by a quarter by 2022. Spending on SaaS and PaaS is also expected to increase. Meanwhile, spending on cloud system infrastructure services is expected to reach $65.3 billion by 2022. Alibaba Cloud will surpass Google Cloud and take third place in the global public cloud infrastructure market by 2021, behind Amazon Web Services and Microsoft.
The cloud market is rapidly growing in the United States and Asia. According to a recent report, the government of the United States is working hard to help the business community adopt cloud technology. In 2022, US federal agencies are expected to spend $11 billion on cloud services, a 34% increase from the previous year. In addition to the United States, the United Kingdom was the third largest cloud market in 2020. Next to the US, China ranked second with $14 billion in cloud spending. In the APAC region, spending is growing at a rate of 25 percent.
