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Cloud Computing Industry
From “going digital” to “cozying up in the clouds,” the IT world has changed significantly in the past decade. Unless you have been living under a rock, you know that the cloud computing industry has taken over the tech scene. The vendors and products — Microsoft Azure, Amazon Web Service (AWS) and VMware vCloud — are becoming an integral part of many organizations’ operations.
Five Trends in the Cloud Computing Industry in 2019
1. The Cloud Computing Industry Continues to Grow at a High Rate
This industry is growing by leaps and bounds. A study found that global spending on public cloud services will grow at a 19.4 per cent compound annual growth rate (CAGR) from nearly $70 billion in 2015 to more than $141 billion by 2019. Another study predicts that more than $1 trillion in IT spending will be directly or indirectly affected by the shift to cloud during the next five years.
2. Small and Medium-Sized Businesses Will Adapt to Cloud Technology
A few years ago, it seemed that only giant corporations would benefit from this shift in the IT industry, but the current picture proves otherwise. Big companies are still the biggest consumers of cloud products and solutions, but small and medium-sized companies are rising to the occasion fast. A recent study revealed that 64 per cent of small and medium-sized companies will take their business to the cloud, and 78 per cent will buy new cloud-based solutions in the next few years.
3. The Demand for Professionals with Cloud Skills Will Soar
Cloud-related job roles are highly technical and require well-trained, skilled and knowledgeable professionals. Currently, there is a big skills gap in the IT job market, and employers are desperate to find qualified candidates to fill these positions. With cloud technology becoming the centre of companies’ operations, the demand for skilled professionals will soar; there is no better time to get cloud computing certifications.
4. There Will Be a Race to Save Money
One of the biggest challenges companies will face is cutting their cloud costs. For many, pay-per-use is already a popular practice to save, but buyers of cloud solutions will come up with many new and innovative ways to cut back on their costs. Cloud service providers will also be forced to evaluate and adjust their pricing.
5. Cloud-Related Services Will Become “Developer-Driven”
“You don’t get points for using servers; you only get points for serving users.” Cloud technology services will shift from developer-friendly to developer-driven. With expectations from these services rising high, providers are required to deliver big and fast; infrastructure, applications and more will be API-driven this year to provide seamless integration.
If you are a business owner, look for ways to adapt to this shift in the IT scene. Find professionals who are certified and skilled enough to keep your company’s practices relevant in the evolving tech world. Encourage your employees to take technical courses and get cloud computing certifications.