Cloud Computing in Business: a Bit of Statistics

In 2019, Gartner predicted that “the worldwide public cloud services market is forecast to grow 17% in 2020 to total $266.4 billion, up from $227.8 billion in 2019.”

And this is only the start. The statistics for 2021 sounds even more promising — Cloud Application Services are supposed to grow to $ 133 billion, Cloud Management and Security Services will reach $61.3 billion, and the total Cloud Services market expects the revenue of over $308 billion.

Generally, major business drivers in cloud computing are today’s applications or enterprise workloads that can be run on cloud platforms only. Businesses give more credit to cloud technologies and thoroughly plan their cloud migration strategy.

Benefits of Cloud Migration

The reasons why companies are moving to the cloud and massively choosing cloud data migration are plain to see:

Budget savings

What are the economic advantages of the cloud? Adopting cloud infrastructure saves costs for physical hardware and trained staff to maintain the equipment.

Better flexibility

Are your employees working in the office or staying at home? With the cloud services, it doesn’t matter anymore — files are easily accessed via laptops or mobile phones regardless of the staff location. Shared settings favor fruitful team interaction.


This results in another benefit of moving to the cloud:

Enhanced collaboration

Among the advantages of cloud computing is providing a cool brainstorming area for project managers, team members, and external participants. Sharing files, ideas, and tasks is becoming easier and more visible in the cloud environment.

Disaster recovery

Whereas traditional disaster recovery needs manual intervention, which is time-consuming, cloud services automate disaster recovery and reduce business downtime to the minimum.

High speed

Two-click deployment is exactly about cloud computing capacities. This will let users promptly get all needed system resources.

Cloud integration

Software integration in the cloud helps enterprises accelerate time to market and automate business processes through data sharing across multiple applications.

What are the advantages of cloud computing for specific industries?

The aforementioned cloud effects are equally beneficial for SMEs and large enterprises. As for the industries that are most affected by the cloud computing, Emerline highlights the following areas:

Healthcare

Any other industry can hardly compete with Healthcare in terms of data sensitivity. Cyberattackers find it especially attractive, which then costs healthcare providers fatal material losses. Benefits of cloud computing in healthcare cover the prevention of data breaches and related financial damages, while meeting and overcoming potential threats.

Banking

Security issues is a hot topic for the banking sector as well. Implementation of cloud computing in banking helps the industry representatives launch innovative AI- and Blockchain-based programs and be way ahead of the rest of the field.

Finance

Incredible amounts of data demand unlimited storage — with cloud computing, the financial sector doesn’t need to be concerned about increasing number of documents, payments, card transactions, or loans.

Manufacturing

Cloud possesses huge connection powers in this field — you can synchronize the data from various stores, suppliers, partners, and customers in one place.

Retail

Here is the industry where the visibility and consistency of supply chains come first. Cloud helps to track real-time statuses of documents or goods, monitor suppliers and carriers, and strengthen businesses with the well-organized channel operations.

How to overcome the key challenges of moving to the cloud?

Financial concerns

Guess why many small business have to leave the cloud? Their expectations to experience huge cost benefits of cloud computing have faced the reality, which sounds as follows: insufficient planning and a lack of cloud assessment before migration could be expensive.

How to handle the issue? A company should examine its business objectives beforehand, evaluate which cloud services they really need, explore all the available options, and create a cloud migration plan. Thorough planning helps businesses make wise money arrangements and eliminate financial risks related to cloud migration.

Security

Cloud adoption by industry doesn’t mean that businesses will immediately become free from taking any security measures themselves. Anyway, company’s contribution is also needed while moving to the cloud.

How to handle the issue? A proactive position towards vital security steps will perfectly match the new infrastructure. Businesses should understand that it’s their commitment to monitor and strengthen the security without full shifting of responsibility to the cloud providers.

Lack of expertise

Dealing with cloud migration tools need proper skills and knowledge the organizations simply don’t have. It’s not enough to define certain cloud migration steps and start a cloud migration process. Companies need to revamp their business processes in accordance with the new cloud infrastructure.

How to handle the issue? One of possible solutions could be engaging cloud experts who can assist with the moving-to-the-cloud checklist and accompany you on the way from on-premise to cloud migration.

Conclusion

What are the advantages and disadvantages of cloud computing for my business? Why move to cloud computing and how to do it right? Which cloud computing benefits and limitations should I expect and be ready for? How can the cloud help my business?

If these and the other questions are currently central for your organization, Emerline is ready to explain you the business value of cloud computing in relation to your business specifics and infrastructure and help you meet cloud migration challenges and transform them into your business competitive differentiators.

Whether you are moving complex enterprise applications to the cloud or exploring benefits of cloud computing for small business, we are here to help.