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Facts About Cloud Computing
Everyone is using cloud computing. Cloud computing has penetrated practically every area in the market, from tech companies to the local pizza shop. However, despite its widespread use, few people are familiar with the complexities of this astounding technology.
What is Cloud Computing?
To put it another way, cloud computing is the act of managing, storing, and processing data utilizing an interconnected network of Internet-hosted remote servers. Data is accessed via the Internet rather than a computer’s hard drive in cloud computing. As a result, cloud computing is frequently regarded as an insurance policy if a computer fails or suffers a catastrophic hard drive failure. Cloud computing is used for anything from banking to data sharing. It has become a popular technology among firms of all sizes and staffing levels in various industries since it allows many computers on a local network to access data.
Cloud Computing Facts
Although it’s clear that the cloud is widely utilized and that individuals spend a lot of money establishing, administering, and upgrading their cloud computing systems, you might be curious about how widely it’s used and how much money it generates.
Here are some mind-blowing facts to consider:
- 2014 represented the first year when most workloads were on the cloud.
In 2014, the cloud was used to process 51% of workloads. In the traditional IT space, just 49% of data is processed. Since worldwide data center traffic is expected to triple between 2012 and 2017, this statistic is only expected to rise.
- 80% of companies that adopt the cloud see improvements within their IT departments within six months.
Efficiency, quality, and security were among the areas where improvements were made. Moving to the cloud also allowed these businesses to save money, cut costs, and make better use of their employees. Up to 90% of IT decision-makers noticed significant benefits in at least one aspect of the IT department after implementing the cloud.
- The public cloud will experience a 44% growth within the next five years.
This is in contrast to the expected 9 percent growth rate for “on-premise” and hard-drive-based computing.
- 60% of U.S. IT decision-makers trust the security of the cloud.
Most IT experts are worried about storing sensitive data in the cloud. Furthermore, 80 % throughout the world keep their data in the cloud. Again, 82 % claim to have saved money due to cloud adoption, and 14% claim to have reduced the size of their IT department due to cloud adoption.
- The cloud computing market is projected to reach $106 billion by 2016.
In comparison to 2013, this indicates a 30 percent increase. This is especially striking when you consider that the total enterprise IT market is predicted to grow at a rate of only 5% between 2013 and 2018. Furthermore, experts predict that by 2018, Software-as-a-Service would account for 59 percent of all cloud workload. Since 2013, this figure has increased by 41%.
- Banking produces the most activity within the cloud.
This is primarily due to the rapid use of mobile banking services in 2013. Furthermore, the popularity of crowdfunding and money management platforms such as PayPal has risen, causing the act of paying for products digitally to skyrocket. This cloud computing trend for banking is only expected to increase as virtual currencies such as Bitcoin gain popularity.
- Nearly one-half of US Government agencies use the cloud.
These organizations spend $2 billion a year developing, supporting, and managing cloud services. According to some experts, the government is the world’s largest cloud user. Commercial clouds, private clouds, and shared clouds are all employed by the many branches of government that use the cloud. The government, in particular, uses private clouds to preserve cloud security and control.
Conclusion:
With these figures in mind, it’s evident that the cloud’s future is bright and that businesses who choose to use it reap enormous and virtually instant benefits. The cloud is a terrific go-to technology for organizations and industries, from high-level enterprise data storage to simple financial processing. In addition to delivering unrivaled security and accessibility, the cloud helps businesses stay connected, access data quickly, and do business more efficiently.
If you are looking for cloud services, SyncCore Cloud Services is one of the best industry solutions. Check out SyncCore Cloud Services. For inquiry mail us at [email protected]
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