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November 16, 2022

What Led to the Widespread Adoption of Cloud across Various Industries?

In recent years, the world has witnessed a significant surge in cloud technology adoption across diverse industries. The market for public cloud computing is projected to hit $800 billion by 2025, and statistics show that seven out of ten businesses investing in cloud services in 2020 increased their investments. Many enterprises plan to move their operations to the cloud by 2025, and cloud container adoption is expected to reach 50% by the end of 2022, according to a TechRepublic report.  

The factors driving cloud adoption include cost-effectiveness, dependability, scalability, and easy accessibility. Cloud offers cyber solutions that can help businesses decrease security difficulties, improve productivity, and enhance team collaboration. The flexibility offered by the cloud enables employees to access information and work from anywhere, and it is predicted to save businesses 30% to 50% on operating expenditures.  

Besides, cloud backup capabilities offer unprecedented access to data backup, and cloud backups are considered more secure than internal backups. A Salesforce survey revealed that 94% of companies said moving to the cloud has improved their security. Moving to the cloud, according to 91% of respondents in the survey, makes it simpler for them to comply with legal obligations.  

Despite these advantages, many organizations face crucial considerations like security, compliance, and geography that make it challenging to shift data or workloads into the public cloud. In addition, businesses are struggling to lure and retain qualified personnel to migrate, run, and manage their cloud infrastructures. 

When making the first step into cloud computing, organizations should ensure that their IT staff is prepared to transition to the cloud and examine their business needs before proceeding to a full risk assessment and project scope. A smooth migration process can lay the groundwork for a robust and adaptable company. With the assistance of cloud consultancy experts like CloudThat, businesses can make their cloud adoption journey hassle-free with a state-of-the-art cloud infrastructure that enables application deployment and scalability from anywhere, anytime. 

Bhavesh Goswami, Founder & CEO, CloudThat has shared his thoughts on what prompted so many diverse industries to transition to cloud platforms in this article at TOI.