Exploring the Future of Cloud Computing in 2020 and Beyond

With this in mind, cloud computing is massively on the rise in the current day and age. In fact, 81 percent of companies with 1,000 employees or more have a multi-platform strategy. The number is to rise to more than 90 percent by 2024. Between 2018 and 2021, worldwide spending on public cloud services is to grow to 73 percent, from $160B to $277B.

Cloud computing has been around for so many years, and this sudden growth might surprise a lot of the industry players.

cloud computing

Cloud computing became a phenomenon in the early 2000s. However, due to the lack of awareness about the potential of technology, many brands hesitated to adopt it for their products and processes. Bart McDonough, CEO of Agio, believes the recent rapid adoption of cloud is mainly due to the understanding of “ease of use and scalability” of the technology.

As organizations expand their understanding of the enormous benefits of cloud computing, they are now more willing to conduct workload tests on cloud and even migrate entire applications to the cloud.

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