What is Cloud Computing?

What is cloud computing?

Cloud computing is a way for people to access and store information on the internet, instead of on their own personal computers or servers. This information is stored on remote servers that can be accessed from anywhere with an internet connection.

Think of it like renting storage space in a large building, instead of keeping things in your own personal attic. With cloud computing, you can store documents, photos, videos, and other files on remote servers, and access them from any device with an internet connection. This allows you to share and collaborate on documents with others, and easily access your information from any location. Additionally, cloud computing also enables you to access software and applications over the internet, instead of having to install them on your own device.

What is a server?

A server is a computer or system that plays a critical role in managing and providing access to centralized resources and services in a network. It can be compared to the role of an administrator in an organization, where it manages access to resources such as databases, printers, networks, and applications. Servers are essential for businesses as they provide the necessary infrastructure for communication, collaboration, and productivity. They also help ensure security by protecting data from unauthorized access..

Do we need cloud computing?

Cloud computing has become an indispensable part of many businesses and organizations. It is becoming increasingly popular due to its ability to provide secure, cost-effective, and reliable storage and computing services. It also offers a range of features such as scalability, flexibility, and agility, which help businesses stay competitive in the digital world.

Cloud computing has revolutionized the way businesses store, process, and share data. It also helps reduce costs associated with hardware maintenance and software licensing fees. As a result, it is becoming an essential tool for business success in today’s digital world.

Interesting statistics on cloud computing:

The global cloud computing market is projected to reach a value of $632.8 billion by 2027, growing at a CAGR of 14.6% from 2020 to 2027, as per a report by Grand View Research

According to a forecast by IDC, by 2022, a majority of enterprise IT infrastructure and software will be provided through a service model, with over 80% of enterprise IT infrastructure and software expected to be delivered as a service.

According to a report by MarketsandMarkets, the Infrastructure as a Service (IaaS) segment of the cloud computing market is predicted to experience the highest compound annual growth rate (CAGR) from 2020 to 2025.

A survey conducted by RightScale found that the majority (87%) of organizations have at least one application or a portion of their computing infrastructure in the cloud.

According to a study by Synergy Research Group, in the fourth quarter of 2020, the top five cloud infrastructure providers by market share were Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), Alibaba Cloud, and Tencent Cloud.

A report by Flexera found that the average annual expenditure on cloud services by an enterprise is $12.6 million and is expected to rise to $16 million by 2023.

According to a study by Gartner, by 2021, it is expected that a significant portion (60%) of enterprise IT budgets will be allocated toward cloud services.

A report by Forrester Research states that the global public cloud market is projected to expand by 17% annually, reaching a total of $236 billion in 2020.