If we go through the stats, we can understand the growing value of cloud computing, which has valued at almost US$ 429.5 billion in 2021 and is expected to cross around US$1025.7 billion by the year 2028. So it is clear that the market for cloud computing is open and growing at its best as several tech giant companies are willing to invest their time and money in this sector to stay ahead of others. Cloud computing has a variety of driving factors, so the market growth is predicted to rise at a supportive and significant rate that can generate new opportunities in this domain.

Based on reports, the global cloud computing market exhibited a growth of 13.8% in 2020 as compared to 2019. However, it is also expected to grow from $480.04 billion in 2022 to around $ 1712.44 billion by 2029, at a CAGR of 19.9% in the forecast period. While other reports say that the worldwide end-user spending on public cloud services is predicted to grow 20.4% in 2022 to total $ 494.7 billion, up from the year 2021. So we can say, “Cloud is the Powerhouse that drives today’s digital organizations worldwide.” Therefore there is a high demand for cloud computing services as well as cloud expert professionals who are skilled to solve cloud issues in any organization.

So this article is all about an Introduction to cloud computing and its growing importance, which greatly impacts our digital tasks.

What is Cloud Computing?

Before knowing the importance, let us know what cloud computing is. Basically, cloud Computing is known as the on-demand delivery of IT services/resources over the internet with a Pay-as-you-Use price model. It helps you maintain your data tasks without buying, owning, or maintaining physical data servers and centers. It can help you use technology services like storage, computing power, and databases on a required basis from cloud providers like AWS (Amazon Web Services). In cloud computing, remote servers are used to store and access data instead of relying on local hard drives and private data centers.

We can categorize cloud computing into three main parts- Private cloud, Public cloud, and Hybrid cloud. These models are easy to scale so that businesses can choose any model according to their requirements as it can extend alongside an organization’s requirements, making it easy to accommodate real-time changes in computing power needs.

Almost every type and size of organization and industry are using cloud computing nowadays. Therefore importance is growing rapidly to use uninterrupted cloud services as it offers a number of advantages. Cloud computing is more cost-effective than on-site server installation and can provide faster services than traditional installation.  

Importance and Benefits of Cloud Computing

Many people don’t know that almost every mobile application runs through cloud computing techniques, making our digital tasks easier than ever before. Nowadays, it has become an ideal way to deliver enterprise applications and the preferred solution for organizations extending their infrastructure or launching new innovations.

Cloud computing is becoming crucial where self-services are important so that users can simply fill in a web form and get up and running. The main reason behind its increased importance and popularity is that cloud computing allows organizations to scale, maintain flexibility, and push their efforts on business operations. Individuals and companies can optimize cloud computing for business by working with a cloud partner. The following mentioned are some of the important features of cloud computing that can explore the increasing importance of this evolving domain.

• Scalability- Inherent scalability is one of the important and primary benefits of cloud computing. It helps to easily and quickly scale IT solutions that might have an immediate and far-reaching impact on business. With the cloud, organizations can scale an environment on demand. It has revolutionized the way businesses can manage technical resources.

• Cost-saving- Many organizations are still thinking of switching to cloud computing as they are worried about the price tag that would come with making the switch to the cloud. It makes it easy to access your company’s data, saving you time and money in project startups. It’s beneficial as it runs on a pay-as-you-go model that is helpful in saving operating costs.

• Security- Cloud computing provides hosts who carefully monitor security that is significantly more efficient than a conventional in-house system. A report from RapidScale says that around 94% of businesses saw an improvement in security after implementing cloud services, and 91% said that the cloud makes it easier to meet government compliance requirements. On the other side, Dell says that organizations that invest in big data, cloud, mobility, and security can enjoy up to 53% faster revenue growth.

• Innovation- Cloud computing is an innovative field that is directly tied to business growth. Advanced computing allows accurate and efficient data valuation, which will be useful in many business aspects, particularly in improving customer relationships and taking the firm to new heights. Cloud computing can be innovative, leading to improved performance, increased agility, and lowered costs.

• Mobility- One of the biggest benefits of cloud computing is its mobility, as it allows mobile access to corporate data via smartphones and devices that can ensure no one is ever left out of the loop. Anyone from anywhere can use this feature to keep instantly up-to-date with clients and co-workers.

• Improved DevOps- It is also one of the main advantages of cloud computing that it offers  DevOps that can enhance the quality and pace of innovative solution deployments. It is only possible with a flexible communication process that allows for traditionally isolated teams to work together throughout the development cycle.

• Flexibility- Flexibility is one of the important features that are very important for any digital operation. Cloud computing is flexible that also considered an inherent future-proof model. The flexibility of cloud computing enables organizations to scale on demand as the market changes. It is also beneficial here that cloud computing’s operational flexibility can be performed at a significantly lowered cost compared to traditional methods.

Besides these benefits and advantages, there are many more features such as Continued industry growth, Multiple serviced offerings, Lowered complexity of IT infrastructure, Innovative Ideas, Insights, Increased Collaboration, quality control, Disaster recovery, Loss prevention, Automatic Software updates, Sustainability, Competitive Edge, etc. make cloud computing more important in today’s digital age.