By 2028, Gartner predicts that using cloud computing won’t just be a cool idea. It will be something every business needs to stay competitive. More and more money is being spent on public cloud services and experts say it will reach $679 billion by 2024 and even go past $1 trillion by 2027.
Milind Govekar from Gartner said that many companies are spending money on cloud technology because it can make new things, shake up markets as well as keep customers happy to stay ahead of the competition.
In 2023, the cloud is not just seen as a technology platform but is leveraged as a disruptor or enabler for capabilities. Gartner predicts that over 50% of enterprises will utilize industry cloud platforms by 2028 to accelerate business initiatives. By 2028, cloud adoption is expected to shift from a technological choice to a business necessity.
Organizations currently using the cloud as a technology disruptor aim to revolutionize non-cloud, data-center-oriented computing styles and technologies. According to Govekar, deciding to use the cloud is a really important step for businesses trying to change and become more digital.
Those adopting cloud technology as a capability enabler harness its potential for new capabilities like elasticity, rapid continuous integration/cloud delivery (CI/CD), serverless functions, and AI-infused processes. To make the most of these cool things the cloud can do, companies need to think about getting better at some skills, working better together and making sure different teams talk to each other.
In the future, experts think cloud computing will go from just helping with new ideas to really changing how businesses work and becoming something they can’t do without.