The rapid evolution of cloud technology is quickly reshaping the business environment. As video streaming will eventually account for 80% of Internet traffic, the question now is how our devices and networks will cope. The cloud is also expanding into new ways of delivering data and performing simple user functions, which will open up the Internet in significant new ways. The following will discuss seven cloud computing trends currently disrupting the business world.

1) Rapid Growth of Cloud Services

Cloud computing continues to be very successful in its ability to support SaaS (Software as a Service), PaaS (Platform as a Service), and IaaS (Infrastructure as a Service).

The number of methods to access and use cloud services has become much more diverse, and businesses are increasingly taking advantage.

Although some industries are slowing in terms of adoption rate, cloud computing implementation continues to expand as businesses generate and utilize more data.

2) Enormous Expansion of Storage Capacity

One initial need for cloud computing was the need for businesses to store more data because on-premises storage capacity was limited. Companies are now required to store software and data for clients, customers, employees, and many were reaching their maximum storage capacity.

In 2017, cloud storage worldwide attained approximately 600 EB. By the end of this year, its rapid expansion will reach 2.3 ZB. Because of the need for this type of storage, the cloud has been required to expand in new ways. Moreover, as more people become familiar with cloud computing, the amount of data requiring storage will also expand.

3) Reduced Cost of Storage

The massive growth of the cloud storage industry has happened so fast, it has been difficult to keep track of the pace of expansion. The large-scale increase in capacity has resulted in significantly reduced costs.

As so many companies are providing storage at scale, prices have been pressed downward. With the increase in storage investment and capacity, supply has exceeded demand in a way that is ideal for consumers. 1 TB of cloud storage now costs only 10 cents for providers, and the cost savings are passed on to consumers.

Part 2 will discuss the Adoption of 5G, Cloud-Based Containers & VMs, Internet of Things, and Server-Free Cloud Computing.

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