In recent times, cloud computing has seen significant growth and adoption, with many businesses relying on it during the COVID-19 pandemic to facilitate remote work. The industry is expected to reach a market value of over $750 million by 2027.
Looking ahead to 2024, several key trends are anticipated to shape the cloud computing landscape:
1. Adoption and Increase in Size: More companies and consumers are turning to cloud services for enhanced security and remote work capabilities. This expansion necessitates careful spending management.
2. Multi-Cloud Approach: Many businesses are adopting a multi-cloud strategy, using multiple providers to meet their diverse needs. This approach offers flexibility but also presents security challenges.
3. Artificial Intelligence: AI continues to grow, offering businesses increased efficiency and customer engagement opportunities.
4. Serverless Computing: Also known as Functions-as-a-Service (FaaS), this model allows businesses to reduce operational costs while enhancing security.
5. Hybrid Model: Combining the scalability of public clouds with the security of private clouds, this model supports rapid business expansion without compromising data security.
6. Cloud Gaming: With major companies like Xbox and Playstation launching cloud gaming services, players now have access to a library of games through streaming.
7. Cloud Cyber Crime: As the industry grows, so does the threat of cyber attacks, with phishing and brute-force attacks being particularly prevalent.
To stay current with these trends in 2024, here are five best practices:
1. Optimize Cloud Management: Effective cloud cost management is essential for reducing expenses and streamlining operations.
2. Tailor Cloud Services to Business Needs: Identify specific business needs and find providers that address them.
3. Communicate With Clients: Keep clients informed about services and updates to maintain their interest.
4. Centralize and Simplify: Consider strategies for vendor consolidation or management to improve efficiency.
5. Educate Your Team: Ensure your staff is well-trained in new technologies and compliance requirements to maintain a strong security posture.
Liquid Web offers hosting solutions like VMware Private Cloud or hybrid cloud options to support businesses in keeping up with cloud trends and modernizing their operations.
