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Cloud Computing Market Growth 2021-2022
According to Gartner, the public cloud services around the world witnessed a growth of 23% between 2020 and 2021, going up from $270 billion to $332 billion. Cloud application services or SaaS solutions are the biggest drivers of cloud computing growth.
The global pandemic forced numerous businesses to shift the mission-critical workloads to the cloud. It also led to increased adoption of cloud solutions like Microsoft Azure, Amazon Web Services (AWS), Office 365, IBM Cloud, etc. In addition, technologies like edge computing, virtualization, and containerization are becoming the new norm.
To be precise, CXOs worldwide are showing more interest in cloud computing than ever.
Latest Cloud Computing Trends 2022 (Market Predictions)
In this write-up, let’s explore some of the biggest cloud industry trends in 2022 based on research by market leaders and industry experts.
1. Cloud Industry Continues To Thrive
Like the previous many years, the cloud computing market is continuously growing this year as well. For those wondering how fast is the cloud market growing, the latest cloud computing statistics by Gartner show that the spending on cloud services globally will be more than $482 billion this year.
Infrastructure as a Service (IaaS) lies at the backbone of every possible mainstream service that we see today. Social media platforms, video streaming solutions, autonomous cars, the infrastructure required for the internet of things (IoT), etc., are some prominent examples of IaaS applications.
Furthermore, emerging networks like Wi-Fi 6E and 5G will also rely on the cloud for streaming data of different types. The availability of cloud-based gaming platforms will also experience massive growth in 2022.
For instance, Amazon Luna and Google Stadia are some popular gaming platforms based on cloud, virtual reality (VR), and augmented reality (AR). As these platforms become mainstream, their pricing will go cheaper.
Is Cloud Computing Still Growing?
Here are some important cloud adoption statistics revealing whether cloud computing is growing or not.
- 36% of businesses spend over $12 million annually on the public cloud.
- 90% of businesses plan to increase investment in cloud following COVID-19 pandemic.
- AWS is the market leader in the public cloud but Microsoft Azure is the fastest-growing player.
- 83% of businesses spend more than $1.2 million annually on the public cloud.
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