Global cloud revenues hit new high as SaaS demand booms

Additional analysis on the future of cloud will be presented during Gartner IT Symposium/Xpo 2021, the world’s most important conferences for CIOs and other IT executives. Based on service, the market is divided into Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts.

By industry, the healthcare segment is expected to grow with the highest CAGR over the forecast period. The Middle East & Africa and Latin America are expected to grow at a rapid pace in the coming years. The increase is attributed to increased government investments in emerging technologies such as Artificial Intelligence (AI), 5G, Machine Learning (ML), Big Data, cloud, and others by governments such as Israel, Brazil, and Mexico.

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Demand for cloud computing services will increase as large enterprises expand in developed and developing countries. Chinese providers offer cloud services that are a product of China’s state-centric industrial policies, and these policies serve both China’s commercial and security goals. Western providers say China’s cloud services are currently of a lesser quality, but this is not a compelling argument. Given China’s financial support to its companies, market forces alone will not protect its security and the security of its allies. If it is to build a trustworthy global infrastructure, the United States needs policies that address both development and sovereignty and create the basis for fair competition over the provision of cloud infrastructure and services. These are not conventional trade issues, so conventional trade and security strategies will be inadequate.

Western development agencies may argue that they are already providing education and training. Even if that is true, they are not doing it at the scale or pace needed to compete with China. The “Partnership for Global Infrastructure and Investment” initiative is a strong start at recovering U.S. influence, provides the opportunity to work with G7 partners, and should be rapidly expanded. Although the United States’ primary concern is security, other countries are driven by concerns of equal, if not greater, importance.

Report on the topic

Users deploy cloud services to save sensitive data about their business and personal activities over cloud-based platforms. However, concerns regarding data security and privacy, data loss, data breaches, unanticipated emergencies, application vulnerabilities, and internet cyber-attacks are projected to hamper the progress of cloud computing. Cloud computing is the technique of processing, storing, and managing data on a network of remote computers hosted on the internet rather than on a personal computer or a local server. It particularly refers to a shared storage area that allows all network devices to access data at the same time. Cloud computing is an IT service delivery approach in which third-party service providers use the internet to supply computing resources and software tools. In this service model, the customer only pays for the time they spend on the computer as well as the storage and bandwidth they utilize.

Each region is fully isolated and comprised of multiple AZs, which are fully isolated partitions of our infrastructure. To better isolate any issues and achieve high availability, you can partition applications across multiple AZs in the same region. The cloud computing market report scope covers segmentation by service, workload, company size, deployment, end-use, and region. Cloud computing offers more efficient and faster ways to adapt and run business operations according to changing market environments. It has unleashed unprecedented possibilities to create highly engaging customer experiences. Cloud has driven a behavioral change among people and businesses, enabling multiple lines of businesses to navigate around the tech policies to get things done.

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The perception of reduced security in the cloud is a challenge for many organisations, but moving to the cloud may generally increase security, contrary to common belief. Australia and New Zealand rank second and third among East Asia & Pacific nations; both digitally-centric economies have seen cloud adoption rise among the fastest in the world, according to the report. Singapore leads and multiple countries in Europe dominate the top 10 of the world’s leading nations when it comes to cloud computing, according to MIT Technology Review. Within each pillar, a series of indicators—lists of qualitative and quantitative factors—were then selected and populated.

• Changing rules to make foreign assistance funding for communications infrastructure more flexible and better aligned to today’s security environment must be a priority.
• In the nightmare scenario, the descent into a third world war began two years ago, as Russian troops massed on the Ukrainian border.
• The report also charted what it dubs the “ecocycle” — namely the increased use of scalable and distributed computing resources, which in turn serves as a catalyst for developing greater and more efficient cloud resources.
• Although the United States’ primary concern is security, other countries are driven by concerns of equal, if not greater, importance.
• It creates what Zbigniew Brzezinski called (in 1997) “novel dimensions of power.” U.S. foreign policy must take these new dimensions into account.

We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs, and gain the competitive edge in their industries. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity, and service. Digitalization has become central to the strategic contest with China, given its importance for economic growth. It creates what Zbigniew Brzezinski called (in 1997) “novel dimensions of power.” U.S. foreign policy must take these new dimensions into account.

Five challenges to cloud adoption and how to overcome them

China typically provides development finance in the form of loans, often at highly subsidized rates. The contracts generally stipulate that the recipient country must spend a large share of the money with a Chinese firm, which provides all materials and much of the labor—particularly skilled labor—needed to complete the project. Although the luster of the various Chinese foreign assistance programs has dulled given problems with the quality of construction and the debt problems created in poorer recipient countries, they remain attractive in the absence of Western competition. An example from history comes from nineteenth-century Britain, with its leading position n global shipping, finance, and telecommunications.

And If your data lives off this planet, you can use AWS Ground Station, which provides satellite antennas in close proximity to AWS infrastructure Regions. Moreover, large businesses are rapidly adopting cloud services due to on-demand availability. For instance, in April 2023, Accenture plc and Microsoft Corporation together with joint venture named Avanade, completed the migrations of business operations over the cloud for Unilever, a consumer goods company. The migration would help Unilever to meet the changing consumer needs faster, market products & services faster, and allocate resources more effectively.

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This is not a broadcast or even ICT-centric look at cloud, but a macro measurement of nationwide adoption and maturity across elements that the MIT deems are necessary for businesses and society to advance. The competition over the cloud is in many ways a continuation of the earlier contest over trustworthy 5G telecom infrastructure. It took several years for the policymaking community to revise the Western approach to 5G to nlu models make it more competitive and to emphasize trust. The 5G competition is a useful precedent and the United States is on the same path when it comes to the cloud. By 2025, Gartner estimates that over 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. The ongoing pandemic and the surge in digital services are making cloud the centerpiece of new digital experiences, said Gartner, Inc.

Venture capital investors funded 2,367 Indian startups last year, 468 of which (20%) are cloud or SaaS businesses. This list does not necessarily mean that all the below companies are profiled in the report. The report includes profiles of only the top 10 players based on revenue/market share. This scenario would of course place financial damage a long way down the list of horrors. Even so, it is part of an investor’s job to consider exactly what it would mean for their portfolio.

Challenges regarding cloud computing

Rather, businesses are continuing to invest in cloud services, thanks in part to significant interest in artificial intelligence. Today, cloud is computing—a foundational resource for businesses and governments alike as they strive to harness emerging technologies such as 5G, artificial intelligence, and the internet of things. These six indicators combine the extent to which each country’s constituents access the outputs of cloud application and services across public and private sectors. An infrastructure built to Chinese standards makes it more likely that China’s cloud customers will in the future use Chinese technology—creating what is, essentially, a world connected and operated by China. China has a central, if not dominant, position in the digitalization of Africa and growing strength in other regions, particularly Latin America and Southeast Asia.

Incorporating various technologies like sensors, AI, ML, big data analytics, and Internet of Things (IoT) would enable cloud service models to significantly benefit manufacturers. In addition, the manufacturing industry uses computing services for enterprise resource planning, supply chain management, and data archiving. The manufacturing sector can effectively analyze, access, and exchange information using cloud computing services. Additionally, cloud services provide platforms for ongoing innovation, business focus, availability, scalability, flexibility, and cost reductions that are further anticipated to increase.

The United States also does not engage in the commercial espionage that is widely and reasonably attributed to China. China uses espionage not only to acquire intellectual property but also (according to several Western intelligence services) to acquire confidential business information to help its companies in trade deals and contract negotiations. U.S. surveillance was carried out for counterterrorism purposes, usually in cooperation with and at the request of partner and allied governments. As recent agreements with the European Union and the Organization for Economic Cooperation and Development (OECD) show, it better serves the national interest of the United States to make concessions that limit any collection. The risk of espionage points to the advantage of having trustworthy cloud service providers who operate under the rule of law.