The future is bright for cloud computing. 90% of companies are already operating at least of a portion of their workloads in the cloud, and it is estimated that cloud data centers will process 94% of workloads in 2021.

The cloud computing market is expected to reach $623.3 billion by 2023, and there are several trends that will be making waves over the next few years.

  • Mobility and the enablement of remote work are currently some of the major advantages that cloud computing offers. As organizations continue to allow their employees to work remotely, they will continue to make investments in the public and private cloud to give employees the tools they need to work remotely and enhance collaboration.
  • Artificial Intelligence (AI) will be one of the most common cloud computing trends to look forward to. The integration of cloud computing and AI will allow for improved costs, improved productivity, and the ability to harness big data. As companies begin to invest in an AI strategy, cloud computing will play a significant role.
  • Blockchain technology is a natural fit with cloud computing. Many organizations have begun to explore the uses of blockchain technology beyond financial transactions. Companies can incorporate blockchain into cloud computing to better store sensitive information.
  • Internet of Things (IoT) allows for a hyper-connected world, and one of the most popular cloud computing trends is the rise of IoT platforms. The Internet of Things encompasses all the physical devices that are now connected to the Internet that are collecting and sharing data. Gartner estimates that the number of connected IoT devices will rise from 14.2 billion in 2019 to 25 billion by the end of next year. Cloud computing provides IoT with the platform for success. As the number of connected devices rise, so will cloud computing.
  • Quantum Computing will allow computers and servers to process information at rapid rates compared to current standards and could be the next big thing for cloud providers. Some cloud providers like AWS, IBM, and Microsoft have already begun to offer quantum computing access in their cloud access for some customers. Granting access to quantum computers for the average user, however, is predicted to be years away.