Cloud computing is one of the most powerfully emerging trends of modern IT. It has completely changed the ways companies operate by providing highly scalable, reliable and cost effective solutions.
Although cloud was experiencing a steady improvement in sales over the last few years, after the spread of the pandemic there was an accelerated growth within past two months.
The current situation has made it mandatory for all businesses to follow remote work options if they are to survive these tough times. Cloud computing is the most effective solution for businesses to function hassle free during the lock down period.
In the year 2019, companies across the globe spent around $100 billion on cloud computing which is much higher than that of the previous year.
According to the American market research company Forrester, six leading public cloud providers (Google, Microsoft Azure, AWS, Alibaba, IBM and Oracle) saw steady growth in 2019 and were predicted to witness a similar growth in 2020.
The global market of cloud computing in 2020 is supposed to exceed $200 billion with various cloud hosting services like SaaS (software as a service), PaaS (platform as a service) and IaaS (infrastructure as a service) being in great demand across the world.
Although every organization is facing the same crisis, its impact on them will be different and so is their mode of operation.
Based on their functioning each enterprise comes under the following categories:
Paused: These are businesses that are not completely closed, yet are withholding from engaging in any new projects or developments in view of the crisis. They will not spend on IT infrastructure developments or cloud computing until everything goes back to normalcy. Most medium and large enterprises fall under this category.
Closed: Businesses that are heavily affected by the pandemic and have been shut down completely or in part falls under this category. Businesses in the hospitality industry like hotels, restaurants, travel consultants and travel operators include the most affected category. They will also for sure do not move to IT or cloud services during this crisis.
Functioning: There is another section who continues to work normally because they were already working in a remote manner or have the necessary infrastructure to instantly transform to a remote work option. These include mainly IT companies, consultants and also other essential services like media, food manufacturing units, banks etc. They will definitely need the help of cloud services to continue hassle free work during this time of crisis.
We need to understand that the present situation will not remain like this for ever. The pandemic will end and businesses will start working as usual. But the way in which businesses operate will be far different from what it is now.
Regardless of the mode of your operation, there are three types of cloud services that will most likely be in high demand in the post pandemic stage:
Serverless: Serverless computing is one of the most trending technologies of these times. It provides much scalable and productive solutions for cloud computing. It is also cost-effective as businesses do not have to rely on an individual server and can follow a pay-as-you-go model. Many public cloud providers now offer serverless for containers, databases, and artificial intelligence. Being cost-effective and productive, it will be even more in demand after the lock down.
Federated Identity: A centralized identity management is the best way to approach cloud computing security, given the distributed nature of cloud resources and applications. Federated security covers all compute devices, users and storage resources under one domain of control. This approach is highly secure and flexible and helps to adapt to a new market opportunity or global crisis. It helps businesses to move forward in a better way.
Clustered containers: A container orchestration system helps scaling, deployment and management of applications in a cloud environment much easier – a reason why clustered containers like Kubernetes are facing a high demand these days. This provides much flexibility while moving from cloud to cloud and would be very effective during crisis management.
Crisis planning is very important for every business to successfully tackle this period of transition from the pandemic stage.
So, it is important that your business is prepared to welcome the changes that are going to happen in a post COVID-19 era.
As many businesses have already changed to a remote work mode and may find it more convenient, productive and cost-effective, this may become a normal trend in the future.
In such a situation, there will be an increased demand for cloud computing and due to shortage of supply there are chances of prices going high.
Those businesses that do not prepare for the post-pandemic run on cloud computing will have to face a chaotic situation during the transition.
Choosing the right cloud service provider
Another major issue that is to be addressed during the post pandemic stage in cloud computing is about choosing the right cloud service provider for your business. Surveys suggest that more than 90% of businesses follow a multi-cloud strategy due to a lack of trust in a single cloud provider.
Most companies will have to deal with an extra cost during the COVID-19 crisis period as they move to work from home options which need more cloud resources and virtual machines. It also happens as a result of overestimating their needs and keeping unused cloud resources running for extra hours.
This happens because most companies move to the cloud without proper understanding. It is important to educate yourself on the security risks and costs associated with cloud adoption and migration.
There are many cloud hosting solutions as there are cloud hosting providers in the market. Each cloud is designed to meet a particular requirement in the industry. You must make sure that the cloud solution and provider you choose meet all of your company needs and requirements.
Any how it is sure that the work environment and the cloud hosting trends during a post pandemic stage will be highly different from what it is today or what it was yesterday. So it is advisable for business to be prepared through proper research and planning during the lock down period so that they can use the given circumstances to their benefit after the situation goes back to normalcy.