Immune To Crisis
There is one part of the economy that does not suffer from recessions. It does not suffer from economic slowdowns or pandemics such as COVID-19. Actually, recessions and pandemics are the only fuel for its growth.
Yes, this is cloud computing. It has been sustainably grown with a CAGR of 24% for the past years, and it has no intention to slow down. IDC estimates the segment of public cloud computing to be USD 312 Billion in 2020!
Abbreviations like Software as a Service (SaaS), Platform as a Services (PaaS), Infrastructure as a Service (IaaS), and System Infrastructure Software as a Service (SISaaS) have become common and most of us use them daily. Amazon, Google, Salesforce, Google, and Oracle are leading the show with a combined market share topping 40%.
The reason behind the big boys fighting over it and the star growth is simple. Cloud computing has given us access to data, infrastructure, and software at the tip of our hands. No longer is it necessary to buy a new server, UPS, or whatever hardware, and whatever software. The Cloud provides all that. It provides it immediately, easily, and cost-effectively. Today we are paying only for what we use.
Cloud computing is quickly becoming the de facto standard for individuals and businesses, enabling them to refine their processes while simultaneously increasing data accessibility and storage. Doing all this while reducing inventory and cutting costs.
Great, isn’t it? What more can we want?
Cloud Computing Automation
It just so happens that there is something more that is in the pipeline. It is Automation. No, not the automation that machines gave humanity. And not the automation, which computers have us. This is new. This is the Automation which the Cloud provides. The global market of Cloud Automation was USD 36 Billion in 2019 and is expected to grow to USD 208 Billion by 2027. The CAGR is the same as that of Cloud Computing.
Cloud computing is now using automation tools that can be set up to automatically control the installation, configuration, and management of cloud-based computer systems. Thus enterprises can achieve the best use of their resources. With cloud computing automation tools we no longer rely on manual management (and all mistakes associated with this) of our cloud resources. Cloud computing is becoming autonomous.
The Vehicular Cloud
Think that we have seen it all?
No by far. Cloud computing is just warming up. One big industry is aiming for the clouds. The next big boost to the development of cloud computing will come from autonomous self-driving cars (AVs). The data from the sensors in our cars will be beamed to the Cloud for processing and then beamed back for vehicle reaction. This is currently on the drawing boards and will likely be rolled out in the next couple of years. The working title of the project is “vehicular cloud”.
Seems all of us are aiming for the clouds, if not already there.