Cloud Computing Services Market- Popular Trends & Technological Advancements to Watch Out for Near Future 2024
The cloud computing services market is expected to gain acceptance and
become a key element in delivering IT services because of the growing need for
fast and flexible IT systems and significant advantages which cloud offers
compared to traditional on-premises data center services. With several
newcomers, such as Enomaly Inc., GoGrid LLC and AT&T, instilling
innovations, the cloud computing services market is expected to experience huge
growth in the forecast period with its increasing adoption by companies around
the world.
Amazon
Web Services, Inc. dominates the global cloud computing services market,
followed by Google Inc. and Microsoft. The reason behind the success of
Amazon’s Web Services is that it provides not only storage, but also
applications that companies can run in the cloud as well. It has been estimated
that one of the three internet consumers visits a site or use a service (such
as netflix) running at Amazon's cloud at least once every day.
The
growth in cloud computing services is driven by demand in developed nations in
Western markets, such as Europe and North America. The developing nations are
slowly adopting the concept of cloud computing, and are expected to drive the
growth of cloud computing services in the later part of the decade.
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Based on types of security, the cloud computing services
market can be broadly classified into Software as a Service (SaaS),
Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). Amongst
these, the most commonly used cloud computing service is the Software as a
Service (SaaS), which can be accessed from anywhere in the world as long as the
user has an access to internet connection.
A
major trend observed in the cloud computing services market is the use of
containers for a private view of the application. Containers offer private
process ID space, file system structure, network interfaces, isolated resources
and restricted services (a definite amount of resources such as CPU, memory and
I/O). Containers are more efficient competitors to hardware virtualization, and
many Platform as a Service (PaaS) implementations, including Heroku,
CloudFoundry, OpenShift and dotCloud, use containers. Additionally, some of the
private cloud, Infrastructure as a Service (IaaS) implementations, such as Cloudstack
and OpenStack, offer support for containers. So, containers are a feasible new
type of virtualization that is expected to grow and influence the direction of
cloud computing services market.
However,
lack of security is a major challenge to the global cloud computing services
market. Cloud vendors and corporations have to keep pace with rapidly emerging
threats and accordingly develop ways to safeguard their cloud services from the
new and existing threats. The technical backwardness of emerging economies
poses limitations on cloud computing services due to lack of technical
knowledge and infrastructure availability.
Some
of the competitors in the cloud computing services market are Rackspace Hosting
Inc., Red Hat Inc., salesforce.com, VMware Inc., Novell Inc., OpSource Inc.,
Oracle Corporation, Joyent, Inc., International Business Machines Corp. (IBM)
and NetSuite Inc.
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