A Roundup of Cloud Computing Forecasts in 2020

Cloud computing has become a force to reckon with, and it is just the beginning. Many businesses and organizations around the world have already taken on the mantle of cloud computing and other aspects of cybersecurity. They have moved their operations to cloud-based environments in order to be sleek, unbelievably fast and robust with the development and delivery of their products and services. If we take a clear and long look at last year's cloud computing forecast, then we can easily hint the direction the concept of cloud computing is going to go in 2020.

If you are even a little intrigued to learn about the cloud computing forecasts and predictions, then it is important that you have an overview of these forecasts from the year 2019.   

An Overview of Cloud computing Forecasts in 2019

Various predictions regarding cloud computing and its future were made in 2019 that were to come about in 2020. Before we can do a roundup of 2020's prediction, it is important to know the highlights of the previous year.

• In 2019, it was estimated that cloud computing or IaaS (infrastructure as a service) was expected to grow to a sum of $50 billion in 2020. It is getting closer to that number every day in 2020.
• The adoption of AI and ML concepts from the cloud will continue to accelerate in 2020, and it already has. Today, almost all the leading tech companies and digital businesses are using the context of machine learning and artificial intelligence to improve their service and perform their own predictions too.
• Workloads will be moved to the cloud in consistently large numbers. It’s true that from the start of 2020 a large and consistent spike in the number of businesses that have shifted their operations to the cloud can be seen. The numbers continue to grow and will continue to do so in 2020 and the years to come. Cloud computing is cheap and a heavily budgeted aspect of moving with the complicatedness of the digital world while managing the development and delivery of software and tools.
• Although IaaS and PaaS are the leading segments to be adopted well by people from cloud computing, SaaS is the biggest player of them all. Software as a service (SaaS) has become the most advanced player in the room. According to one estimate, before 2020 is over businesses and companies

List of Cloud Computing Forecasts in 2020

When you have had an overview of the cloud computing forecasts from 2019, it is now important that you move to 2020 and have a pretty good roundup of this year.  The following is a list of careful analysis of the cloud computing’s future along with a careful roundup of cloud computing forecasts and market estimates:

• Almost 80% of the companies and digital businesses are running their applications with Amazon Web Services (AWS) permanently or on experimentation grounds. About 22% of this 80% are experimenting with the Azure cloud computing technology while 23% are checking out the Google cloud platform. This indicates that the Google cloud platform is a good alternative to have for future use.
• Many enterprises have adopted the latest and greatest Azure cloud platform, and the percentage to do so increased from 43% to 58%. This attained a total of 35% compound annual growth rate (CAGR), which is impressive. The adoption of the companies and businesses towards the AWS services reportedly increased from 59% to 68%. Although the Google cloud platform received a generous response from the testers and enterprises that showed interest, the adoption rates were only decent.
• As expected in 2019, the prediction for the success of SaaS is remaining on point so far. Currently, the enterprise SaaS market is now making about $20 billion in quarterly revenues from the software vendors that supply them to the end-users. The growth rate is also expected to grow by about 32% every year.
• All the spending done to buy the IT-related equipment such as a server, enterprise storage and cloud-based data centers can see growth of about 10.9% year after year while the total expected growth will reach the $52.3 billion this year.

These are so far the latest predictions made regarding the future of cloud computing. All these forecasts may not come true, as these are only the analysis made by professionals while analyzing data and market trends in relation to cloud computing service.

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