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Cloud computing services are perhaps one of the most demanded technology solutions of the current decade. Just look at these cloud statistics to get a clearer picture:

• The cloud computing market has grown at a staggering rate of 380% in the last 10 years i.e., from 2010-2020.
• Almost 50% of enterprise or corporate data is stored in the cloud.
• The global end-user spending on public cloud services is predicted to grow at 18.4% in 2021. Imagine how these numbers will increase in 2022 and beyond!

The past couple of years have played a pivotal role in facilitating remote work solutions. In addition to that, the pandemic has further accelerated cloud adoption across various enterprises.

Organizations were able to seamlessly leverage cloud solutions to eliminate redundancies, eliminate bottlenecks, optimize processes and facilitate enhanced remote work.

As the cloud is growing at a rapid rate, new Cloud Trends will emerge in the years to come. Read on to know about some exciting cloud trends that will come forth in 2021-2022.

Future Cloud Computing Trends to Watch in 2021-2022

Optimizing Cloud Costs – The Need of the Hour

Let us look at a few statistics that highlight the cloud costs:

• An average company’s cloud expenditure was around USD 6,500 in 2011.
• Fast forward to 2020 and the same expenditure has risen to USD 10,000!

See the drastic increase in numbers? To be honest, even these are conservative estimates.

Around 33% of organizations thatleverage cloud had an annual budget ranging between USD 2.4 to 12 Million. Now those are some pretty hefty numbers.

Currently, some of the fastest-growing cloud services are Artificial Intelligence, Internet of Things (IoT) and Container-as-a-Service. These growing technologies attest to the fact that optimizing the cloud should be the focus of almost every organization out there.

Did you know? Almost 30% of cloud budgets are being wasted. That is why organizations are looking to streamline cloud costs and optimize cloud services. The onus of doing this usually depends on third-party cloud service providers that include additional third-party services and optimization tools. This significantly increases the investments in the cloud.

Therefore, organizations must focus on building and strengthening native cloud capabilities. Otherwise simply choosing a cloud service provider without understanding your actual business requirements, priorities and prospects will only lead to wastage of resources.

However, as organizations start realizing the need for optimization they will plan and manage their cloud budgets better.

Making Cloud Computing Services Sustainable

Gone are the days when organizations are viewed by customers from only a few certainperspectiveslike the quality of services offered, customer service, support so on and so forth.

However, as time passed, customers and clients realized the negative impact of SMEs and large organizations on the environment. Rampant usage of unsustainable practices and increasing carbon footprints are damaging the environment to a large extent.

According to a recent study, almost 80% of customers held sustainability as an important factor while evaluating an organization. Therefore, even if an organization creates value that would be nullified simply because other activities are harming the environment.

Leading research has pointed to the fact that optimized social, governance and environmental performances have helped organizations achieve up to 5x margins, and lower volatility.

Did you know? Almost 45% of CEOs are planning to go net-zero in the near future. That is why more and more organizations will be going the sustainable cloud way to provide excellent business value for clients and customers.

Edge Computing – Making Cloud More Effective!

A weak chink in the armour of cloud computing is that most cloud services are offered by a limited number of third-party cloud service providers. These providers leverage large, centralizeddata processing centresto offer plans according to your storage & computing needs.

However, with almost 130 IoT devices connecting to the internet, each second, organizations both small & large will face issues related to security, latency and bandwidth. And if organizations are leveraging sophisticated technologies like Robotics and Ai then they will require greater processing power and speed.

One of the best solutions to address this long-standing cloud issue is edge computing.

So, all you need to do is build a localized data center that offers readily available storage and computing power near places where needed. This enables organizations to seamlessly offset load on the cloud which in turn improves deployment and running of a wide range of cloud-based applications.

So, to put it simply, organizations won’t be depending entirely on centralized cloud networks. Instead, they will be leverage localized computing and management technology solutions. This innovative and highly-needed cloud trend will proliferate in 2021 and the years to come.

Other exciting Cloud Trends 2021 include multi-cloud, public cloud, hybrid cloud, increased dependence on cloud infrastructure engineering services, cloud-native applications and more. Many organizations are also turning towards software outsourcing to lower their cloud costs and embrace agile methods. After looking at these trends one can definitely say that the cloud market will continue to evolve in 2021 and the years to come.