Global cloud communications revenue to grow at 18 3% CAGR over 2022-2027, forecasts GlobalData

Cloud-delivered secure access service edge (SASE) presents the fastest growth opportunity in the networking and network security market. As most traffic from branches and edge computing locations will not go to an enterprise data center, CIOs and IT leaders will increasingly use SASE to secure the anywhere and anytime access needs from users and devices. AWS has the largest global infrastructure footprint of any provider, and this footprint is constantly increasing at a significant rate. When deploying your applications and workloads to the cloud, you have the flexibility in selecting a technology infrastructure that is closest to your primary target of users. You can run your workloads on the cloud that delivers the best support for the broadest set of applications, even those with the highest throughput and lowest latency requirements.

From 2021 to 2022, public cloud spend grew 85% in Latin America, compared with 34% in APAC, 14% in EMEA, and 11% in North America. That’s likely a reflection of growing digitization in the region compared to more developed economies where cloud penetration is more established. But the good news is that no matter where you are around the world, the cloud business model is still one of the most efficient business models to ever be invented. Massive rates of digital transformation since 2020 have brought the cloud economy to a major inflection point where the majority of all software is in the cloud.

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However, data privacy and security risks as increased use of cloud computing constrain market growth. Large enterprises increasingly use cloud-based technologies to control and lower Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), as well as the rising volume of data created through websites and mobile apps. Moreover, Pay-as-you-go models, which let companies pay for cloud services depending on how frequently users use them and lead to cheaper costs, are available on the cloud. The major drivers that fuel the global cloud computing market growth are expanding digital transformation across businesses, rising internet and mobile device adoption around the world, and increased consumption of Big Data.

• The report includes profiles of only the top 10 players based on revenue/market share.
• U.S. service providers want to protect their global market by establishing their independence from government agencies and, unlike Chinese companies, have the legal standing to challenge any government request in independent courts.
• On the other hand, it’s exactly the cost of existing data centers that push so many companies towards the cloud.
• If it is to build a trustworthy global infrastructure, the United States needs policies that address both development and sovereignty and create the basis for fair competition over the provision of cloud infrastructure and services.
• It particularly refers to a shared storage area that allows all network devices to access data at the same time.
• This creates an immediate tension between the desire to ensure sovereign control over digital resources and the economic benefits of openness and connectivity at scale.
• An infrastructure built to Chinese standards makes it more likely that China’s cloud customers will in the future use Chinese technology—creating what is, essentially, a world connected and operated by China.

The large enterprises segment accounted for the highest market share of over 50% in 2022. A surge in demand for cloud computing services results from remote working, allowing collaborative teams to access previously centralized data. Variables influencing demand include decreased enhanced teamwork, operating costs, better flexibility, and a shorter time to market. Cloud computing allows large businesses to automate routine tasks to be completed more quickly. Large firms are expected to increasingly utilize this technology to streamline processes, which will support the segment’s growth.

Cloud leaders

In 2022, Software as a Service (SaaS) segment was expected to have the largest market share. This growth is due to its ease of deployment, low maintenance costs, and low cost of ownership. During the forecast period, the Infrastructure as a Service (IaaS) segment is expected to grow at the fastest rate. The increase nlu models can be attributed to the increasing adoption of hybrid cloud platforms as well as the rising demand for business data storage and security solutions. Decisions by governments, companies, and consumers about which cloud providers to use will shape commerce, global influence, and international security.

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With these constantly falling prices, the last thing a company wants is to be tied to an uncompetitive vendor. By spreading  systems across several cloud platforms,  moving between service providers will be more feasible if better opportunities are presented. Setting up the cloud architecture to maximise portability and interoperability is crucial to enabling this. It is recommended to use decoupled microservices architecture patterns involving containers. This decouples development and deployment allowing for continuous integration and continuous delivery, whilst the use of containers allows for easy interoperability.

As cloud multiples normalize after the highs of the bull market, the entrepreneurial ecosystem around the globe has shifted its focus to driving profitable growth. In practice, that can look like driving up gross margins, improving customer retention, and re-evaluating pricing models, to name a few recommended tactics. The emphasis on top-line growth at all costs has pivoted, but not entirely to cash flow break-even. A majority of investors at Bessemer recommend venture-backed businesses aim for 100% revenue growth and a 1.2x burn multiple in order to still meet the Rule of 40 threshold. The hybrid cloud segment is expected to grow at the fastest rate over the forecast period due to SMEs’ increasing use of cloud-based solutions to increase productivity and reduce operational costs. Thus, the growing investment by cloud providers to develop data centers is expected to create significant market opportunities for market growth in the post-pandemic period.

AWS is the longest-running Gartner CIPS Magic Quadrant Leader

This will create new roles and responsibilities, such as site reliability engineers, product managers or communities of practices. Gartner analysts said that more than 85% of organizations will embrace a cloud-first principle by 2025 and will not be able to fully execute on their digital strategies without the use of cloud-native architectures and technologies. During Gartner IT Symposium/Xpo EMEA, taking place virtually through Thursday, Gartner analysts discussed how cloud will become the pervasive style of computing in the near future. Geographically, the market is divided into five key regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Moreover, due to changing company needs, the necessity for meeting regulatory and compliance requirements is continually increasing. In addition, organizations must seek to remain in the market by taking steps to meet regulatory requirements.

This pillar measures the maturity of regulatory environments that promote progressive, cloud-forward data security and sovereignty environments—and enable trust in digital resources. This pillar consists of various data points that indicate how well each country is served by telecommunications networks and computing resources which enable cloud-centric production models. The politics of both transatlantic and intra-EU relations complicate efforts to address the problem quickly. Although some of the European Union’s founders hoped it would create a confederation of European states that one or another of the larger European powers could direct, the European Union is also hampered by sovereignty concerns.

KEY INDUSTRY PLAYERS

While China knows there is strategic advantage in networks, the United States was slow to recognize this. This slowness reflected rosy assumptions about bilateral relations that guided U.S. policy toward China until recently, accompanied by decisions to rely on private investment rather than government-funded programs. This may have been acceptable before the contest with China began, but China’s ambitions create strategic risk.

This creates an immediate tension between the desire to ensure sovereign control over digital resources and the economic benefits of openness and connectivity at scale. This tension will increase as governments and companies increase their reliance on cloud services. The need to compete with Chinese telecom suppliers now has wide recognition, but there has been little attention on the need to compete in cloud services, as well. This market orientation is usually justified, but not in a state-versus-state conflict. The Chinese state does not regard itself as bound by Western norms or the rule of law.

Business & economics

While phased migrations are a great way to overcome this adoption challenge, companies must be careful to ensure that the servers they start with are relatively straightforward and can provide high benefits. This can help ensure that the cloud journey keeps moving forward, and isn’t slowed down during implementation. Companies need to first run automated discovery solutions and review application dependencies as part of a full cloud-readiness assessment of the discovered applications. This acts as an input to tried-and-tested workload assessment toolkits and decision tools to prioritise which workloads to move.

Global Cloud

Should China decide it is time to take advantage of a distracted superpower and invade Taiwan, America could all too easily end up being drawn into three wars at once. The rest of the world risks those wars interlocking and turning into something even more devastating. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.

China typically provided development finance in the form of loans, at either highly subsidized or market interest rates, for large infrastructure projects. Chinese programs are scalable and can support small projects that private Western companies would not be interested in. Assistance is not accompanied by political considerations but rather is focused on producing economic advantage for China. Chinese companies also provide training and technology education to recipient countries, which is very attractive to many governments.