Businesses across all industries are adopting cloud infrastructure primarily because of greater efficiency and data security. A survey by RightScale shows a significant increase in both public and private cloud adoption in the last couple of years.
About 92% of respondents involved in this survey reported adopting cloud infrastructure, compared to 89% in 2017. About 75% of these respondents reported using private cloud, which is 3% greater than in 2017.
The global cloud computing market will be valued at $623.3 billion by the end of this year. The number will reach the $800 billion mark by 2025 and the $1143.2 Billion mark by 2028, according to Report Linker. The market is currently rising at a growth rate of 15.0% CAGR.
Increased flexibility, lower operating costs, and better collaboration are some of the many reasons companies are turning to cloud services. Let’s take a deeper look into the benefits of cloud computing for businesses: lease management software
- Fast Speed
Rapid deployment is one of the best advantages of cloud computing. With cloud infrastructure, your entire system can be operational in a matter of minutes. It liberates developers from on-site hardware limitations, allowing them to test new ideas and applications easily.
- Cost Reduction & Efficiency
As cloud infrastructure does not require any specialized equipment, it can save you a lot of money on maintenance costs. Additionally, you don’t have to spend money on utilities, hardware, facilities, or the creation of a large data center. Cloud providers offer comprehensive services that include handling cloud data operations so you won’t need in-house IT teams.
- Data Security
All businesses are concerned about the security of their data. Data breaches can take a heavy toll on a company’s revenue. The advanced security features offered by the cloud guarantee secure storage and handling of data.
Some of these features include access management through federated roles, restrictive access to sensitive data, reduction in the attack surface, and granular permissions among other baseline protections. Online casinos also use cloud computing to protect their data. You can enjoy a wide variety of slot games like starburst, Gonzo’s Quest, Book of Dead etc.. at NetBet.
Every business has unique IT needs. For example, a global giant with over 100,000 employees has different IT requirements than a startup with 20 employees. Cloud infrastructure allows companies to scale up or down their IT departments according to their unique needs.
Cloud-based solutions can efficiently cater to fluctuating bandwidth demands of businesses. You don’t have to pay for physical infrastructure to up your cloud capacity. The scalability and agility that come with cloud computing give businesses a competitive edge.
As the cloud exposes all teams to the same architecture, from product architects to developers, collaboration becomes easier and more efficient. Cloud roles allow all teams to function together without stepping on each other’s toes. It’s also possible to design different cloud environments for specific purposes like pre-production, staging, or QA.
- Back-up and Data Restoration
Since the cloud does not have any capacity or storage constraints, you can easily back up and restore data. It facilitates the regulation of end-users data which changes over time and must be tracked for compliance reasons. You can also store older versions and recover or roll back data when needed.
- Disaster Recovery
The cloud also stores previous versions of software and runs applications on multiple zones which facilitates rapid recovery from disasters. If an application goes down in one location, the traffic automatically transfers to other locations without any disturbances for end-users. Similarly, when a software release has a major bug, the system starts a quick rollback to restore a more stable version that was released previously.
With cloud computing, you can access the company’s data regardless of where you are. Mobile access to data is one of the most amazing features of cloud computing. This feature allows you to stay in the loop even if you are halfway across the world.