According to Forrester Research, the public cloud market is estimated to reach $191 billion by 2020, a significant climb from 2013’s total of $58 billion. Forrester declares that cloud applications will lead this growth, achieving approximately $133 billion in revenue by 2020. Cloud platforms will follow, generating an estimated $44 billion in revenue, and cloud business services will amount to approximately $14 billion in revenue by this time.
This is further validated by Gartner, Inc. which named cloud as one of the top 10 strategic technology trends for 2015 that will have a significant impact on organizations during the next three years. Cloud is the new style of elastically scalable, self-service computing, and both internal applications and external applications will be built on this new style.
It’s clear from such estimates that cloud will have a major role in delivering business services in the future and will continue to support business transformation and drive the evolution in business models.
In addition to process efficiencies and cost reductions, cloud offers the scalability, speed to market and centralization to coordinate and manage applications across various devices, which will be increasingly important amid the evolving technology landscape. As cloud continues to prove its potential, business leaders need to evaluate and determine where the greatest strategic opportunities exist for cloud throughout their organization.
I am sure with the above facts everyone will agree and start interpreting that the cloud wave is sweeping at its own pace at the same time benefitting many of us knowingly or unknowingly in our lives. Let us now see how it has become a part of our lives.
Cloud is changing our lives
The Cloud is the forefront of a far-reaching technological wave that will impact more than just your smartphone or tablet.
Nest a home automation company that manufactures self-learning, Wi-Fi-enabled thermostats and smoke detectors. Google acquired Nest Labs and announced that it was buying Dropcam, a home-monitoring camera startup that stores its footage in the Cloud. Users are able to check in on their home anytime, anywhere. This is all signaling a move toward the “smart home.”
With cloud technology, in industries where the transaction requires direct personal interaction, buyers will now form their own opinions of products and services based on inputs from online communities. Cloud adoption will give small retailers the ability to tweak their offerings and develop a closer understanding of their customers.
Small and Medium Enterprises
Small and medium size companies will get an advantage over slower competitors allowing them to keep pace with large size companies.
Reduce Stressful Drive
Cloud can make road trips less stressful. This can be true if we see the mobile apps in the market based on cloud platform allows a cluster of vehicles traveling together to track each other during the journey. This app lets travelers view vehicle telemetry about their speed and fuel usage; send alerts about stops along the way; notify fellow caravanners by texting road condition and hazards; and select the best route. It implies that the combination of location tracking, social media and cloud-based analytics could improve all types of transportation scenarios.
Classrooms in the Cloud
The education industry is enjoying many of the perks of cloud technology like easier collaboration between students, alumni and teachers. Digital resources are slowly eliminating textbooks, allowing students to access them through a “virtual locker,” which is also leading to a slow phasing out of expensive copiers and printers.