IT spending were $3.5 trillion by the end of 2017. These were 2.4 % higher than 2016 (According to bmc). This is a huge business and the way IT people and companies think about it needs to be reconsidered. Going this way IT professionals have to either invest in capital expenses or operating expenses in order to procure new software, equipments and capabilities. But as most of the companies are moving from hardware to cloud models, IT and Finance departments need a reconciliation.
Most of the cloud providers have now released their earning for Q2, cloud infrastructure services (IaaS, PaaS and hosted private cloud services and these are comfortably over $16 billion. Here is what the experts have to say about the capabilities and what it means for the future of IT.
A cloud allows its users to make use of all the data, applications and information that is scattered online to me utilized without actually having the need for virtual servers, hardware, and other peripheral devices. Companies that allow this to allow its users to make use of this technology in a more shared way, more in the form of service than as a product.
Cloud computing sits on the partway where it can either be described according to the deployment model or the service that the cloud is offering. It has miscellanea of models to display right from basics to IaaS, PaaS, and hybrid, public and private cloud.
Cloud can be classified in four ways based on the deployment model:
(1) Public (2) Private (3) Hybrid and Community Cloud
Alternatively, cloud computing can be classified in three ways based on service offerings:
More IaaS, PaaS, SaaS providers to streamline your operations
|Adobe Creative Cloud||Software AG – Long Jump||Microsoft Azure|
|Box||Microsoft Azure||Rackspace open cloud|
|AWS||IBM- Bluemix||Google Compute Engine|
|Google G Suite||RedHat – Openshift||HP Enterprise Converged Infrastructure|
|Slack||VMWare – Pivotal CF||Green Cloud Technologies|
|Zendesk||Google – App Engine||CloudStack|
|Oracle||Engine Yard||IBM SmartCloud Enterprise|
More options to classify and make use of cloud computing can be based upon storage, database, information, process, integration, security, application, testing as a service and management.
Most of the companies make use of programs that are located on a remote machine (remote location), that may be owned by another company. This can have multiple benefits including increased performance and computing power, saving a lot of money on hardware cost. Computers that run such applications, store the data, and make use of a server system – are called a cloud servers.
Most of the IT businesses want their resources to be available offline and compute to a cloud in order to strike a balance. But moving everything on the cloud seems to be a daunting task. In a lure to have a middle ground, IT firms seek a hybrid solution to have everything from increased flexibility to increased efficiency that could meet all the disparate needs as and when required. This brings an additional advantage of being less risky and be able to transform their computational abilities with the process flow.
Source: Synergy Resource Group
Table: Global Public Cloud Revenue Forecast 2018 (USD in Billions)
Image source: www.gartner.com
BPaaS = business process as a service;
IaaS = infrastructure as a service;
PaaS = platform as a service;
SaaS = software as a service
Note: Listed totals may not add up due to rounding. According to Gartner (Estimates till April 2018)
SaaS is expected to reach 45 percent of the total application software spending by 2021 according to Gartner. PaaS is expected to reach almost $10 billion by 2021. Although these growth rates of public cloud have stabilized with the onset of Q2 of 2018 and reflect the increasingly mainstream status and maturity that public cloud services will grow within a wider IT spending mix. This forecast essentially excludes cloud advertising (Garner Reports 2017-2018)
SaaS – Expected to increase by 18% by 2020 (according to Bain and Company)
IaaS – Expected to reach $72.4 billion by 2020 (According to Gartner)
Paas – Expected to increase from 32% to 56% by 2019 (According to KPMG)
This data depicts the rate at which cloud computing is going to grow making itself fastest of all development and storage platforms.
Cloud computing is in itself is a huge technological breakthrough and will speed up development efficiently.
In comparison to legacy hosting services, cloud computing essentially offers greater flexibility in delivering IT services. These can be consumed in form of monthly or yearly subscription and let companies quickly ramp up the capacity by matching business needs.
What’s more, do you know that cloud computing can make you refresh your legacy infrastructure execute perfectly without even incurring operating expenses (CapEx vs. OpEx) costs? Businesses can make their software work without buying new virtual machines (servers). This eventually reduces hardware costs, support number of users simultaneously by moving applications to provider’s infrastructure and do away with the cost of data center expansion.
Providers of cloud computing often offer both infrastructures as well as managed services that allow companies to offload that task to providers and keep their IT staff free to work on other projects. Companies can utilize cloud computing solutions in many different ways and these can eventually help in being more proactive and responsive to market conditions, winning over normal IT costs.
Experts in our arena spend most of the time in keeping the proverbial “lights on”. See how we can help you find and fix application problems fast and achieve Complete Control of Your Cloud Environment with Konstant Management Platform.
Vipin Jain is the Co-Founder and CEO at Konstant Infosolutions and is in charge of marketing, project management, administration and R&D at the company. With his marketing background, Vipin Jain has developed and honed the company’s vision, corporate structure & initiatives and its goals, and brought the company into the current era of success.