The influence of Cloud Computing technologies is showing no signs of slowing down, even during the year 2021. This was further confirmed by a recent forecast released by tech giant Gartner, whose prime focus was public cloud spending trends during this year.
According to Gartner’s forecast, the global spending on public cloud end user spending is well set to exhibit a strong growth of 23.1% during 2021. Based on this rise, it is expected that the size of the public cloud market will reach a whopping US $332 BN in 2021.
For the year 2020, the total spend on public cloud end user computing stood at US $270 BN. As per Gartner, this growth in the public cloud market is mainly being driven by some emerging technologies assuming a mainstream status in 2021.
Factors Driving Public Cloud Spending Growth
The research giant has highlighted a few driving factors that are fuelling this consistent growth. In this post, we will also highlight some of the major factors that are the driving force behind this rising trend.
Mission Critical Workloads Move to the Cloud
In the pre-pandemic era, and even during the earlier months of the pandemic, there was a reluctance on the part of most enterprises to move their mission critical workloads to the public cloud. Perhaps the two main limiting factors were security and compliance.
With the dawn of 2021, we have witnessed a major shift in this trend, as more and more enterprises are moving their mission critical workloads to the public cloud. This is also due to the robust security posture that most leading cloud providers have been able to hold.
This also marks a shift from setting up and maintaining costly on-premise data centers on the part of most enterprises. Why spend hefty amounts of money over on-site data centers, while you can access the same via leading public cloud providers like dinCloud.
Containerization Goes Mainstream
By leveraging containerization, enterprises have been able to overcome a major hurdle when transitioning to the public cloud. Containerization has drastically reduced the bottlenecks enterprises typically faced when moving workloads to the public cloud.
The same holds true for legacy applications, which can now be transitioned to the Cloud in a much reduced lead time and with more improved stability. It is only when the application ecosystem transitions to the public cloud that its true benefits can be reaped.
Virtualization – A Lifeline for Remote Work
The other key factor that has driven the demand for public cloud north is virtualization, whether its desktops or applications. By leveraging virtualization, enterprises have been able to contend with the disruptive impact of the pandemic via remote work.
Edge Computing Grows
So far as edge computing is concerned, the role of the public cloud is more of an in-direct nature. Still, the vast public cloud infrastructure available out there will complement edge computing workloads, which will mainly be supported by technologies such as 5G.
Spending Trends by Market Segment
The Software as a Service (SaaS) remains the largest segment, expected to attain a size of US $122 BN in 2021. Infrastructure as a Service (IaaS) is expected to grow by 38%, while Desktop as a Service (DaaS) will grow at a whopping 67%.
As per Gartner, the IaaS and DaaS markets will be exhibiting the strongest growth rates during 2021. The strong demand in the IaaS and DaaS sub-segments of the public cloud is driven by a move to the public cloud, as well as supporting a fully remote workforce.
The recent forecast by Gartner paints a very optimistic picture about the public cloud market, even during the year 2021. The bigger question that still remains un-answered is that, is your enterprise willing to make the leap to the public cloud?
Contact dinCloud for some of the industry’s most secure, reliable and highly available cloud solutions for your enterprise.