What to Expect From Cloud Services In 2021?
What to Expect From Cloud Services In 2021
Today, we will take a look at the earnings reports of the big three cloud providers for the fourth quarter of 2020, including their revenue and earnings outlook for the next three years. Serverless will be the fastest growing PaaS cloud service in 2021 and the second-largest cloud provider in the world.
Over the next five years, the cloud computing industry is expected to grow by 17.5%, from $371.4 billion in 2020 to $832.1 billion in 2025, with a CAGR. We forecast that the 2014-2020 period will see growth rates of 4.2% and 7.7% CACR respectively.
Investment in public clouds will increase by about 19.7% over the next five years, with the CACR at 7.2%. Gartner expects spending on cloud computing to increase in 2023 and spending on cloud computing in 2025.
Cloud computing will continue to drive a reorienting world, but differentiation will be serverless and managed services. Drobisewski also expects 2021 to be the year that security strategies begin to adapt more to hybrid cloud reality and the cloud-native ecosystem that surrounds it. Technologies that strengthen the position of the cloud as a continuity enabler will play a major role in 2021.
By 2025, most cloud service platforms will offer at least some distributed cloud services that will run on demand. According to Gartner, distributed clouds are an important part of the future of cloud computing, although operation, governance, and service development remain the responsibility of public cloud providers. Businesses will no longer be able to demand tailor-made cloud services and as such, businesses will continue to have a strong cloud demand. First of all, we need to consider the role of the private cloud computing service offering providers, not as an end-to-end solution.
The technology giants, which already work with cloud computing, can invest in the implementation of the various related services. The bottom line is that cloud computing remains a fast-paced business that will only grow if companies continue to seek the best solutions to their business needs, not just the latest and best technology.
We should see more and more providers integrate their cloud services and work together to capitalize on the growing trend of multi-cloud services in 2021.
We see further adoption of Kubernetes in 2021 as it is the world’s most popular open-source container orchestration platform. Of this, 20% will be based on private cloud services, while 22% will be based on the deployment of hybrid cloud services.