According to a recent report by Gartner, global user spending on public cloud offerings will grow to nearly $600 billion, an increase of 20.7% from 2022. Among the predictions in the report is the forecast that Infrastructure as a Service (IaaS) will have the highest growth in 2023, with an anticipated spike of 29.8%. Across the board, consumption of public cloud services will grow in 2023.
The increased adoption of public clouds, such as AWS or Microsoft Azure, represents a second digital revolution in which businesses in all sectors have the means to virtualize and increase the efficiency of business processes, modernize applications, and bolster security. A public cloud is similar to a public utility, such as gas or water, because computing services are offered on demand through a third-party provider to multiple tenants. Unlike the on-premises alternative of a private cloud, public clouds are accessible from almost anywhere in the world. As a result, many businesses opt to create a hybrid cloud—a combination of private and public solutions.
This post will delve deeper into Gartner’s predictions for public cloud consumption in 2023 and review the benefits of deploying business operations across a public model.
As the steady, year-over-year growth of public cloud consumption across all categories of service demonstrates, companies in all sectors are realizing that cloud computing is vital to staying competitive, efficient, and maximizing profits. Even though the Cloud combines many different technologies and services, a public cloud offers holistic benefits. They include:
Security is a challenge in a public cloud environment. The user/tenant and the cloud provider are responsible for maintaining different aspects of security best practices, but each provider is slightly different. In the case of AWS, Amazon is responsible for securing the infrastructure, and clients are required to secure applications or customer data that they run through AWS.
The sentiment of many businesses is that a public cloud is less secure than a private cloud or legacy data center. However, according to McAfee, 52% of companies experience more enhanced security through cloud computing than on-premises storage. In addition, cloud providers have responded to this notion by implementing cutting-edge security measures such as encryption, zero-trust policies, permissions management, and AI-powered threat detection.
But this does not absolve users of responsibility for securing data. The best practice for public cloud tenants is to train IT staff in cloud-native security methodologies such as Zero Trust Networking.
The future of public cloud growth will be exponential. Experts anticipate that the next generation of cloud technology will further the use of automation and increasingly specialized services. Additionally, quantum computing is poised to revolutionize the Cloud and how we use it in everyday life.
However, determining the best cloud strategies for your business can be overwhelming. Weighing the costs versus the benefits—as well as migrating applications, infrastructure, and business processes to the Cloud—is time-consuming and must be approached carefully.
CBTS routinely helps our clients migrate, manage, and update their technologies to get the most out of your transition. Our certified engineers and project managers guide clients through the vetted CBTS modernization process, and our consultants can advise you on the right cloud model for your business.
Get in touch to start your cloud journey today.