In 2024, businesses are projected to spend over $1 trillion on cloud computing infrastructure for the first time, driven by the adoption of new platforms and as-a-service offerings, including AI services. While cost and flexibility advantages drive the adoption of multi-cloud strategies, challenges such as security and data protection persist.
Cloud computing enables access to AI-as-a-service, supporting over 50 AI use cases, and facilitates real-time data processing for up-to-the-minute insights. Cloud adoption also serves as a gateway to transformative technologies like IoT, blockchain, and quantum computing.
Security and resilience are critical as threats evolve, leading to increased demand for encryption, authentication, and disaster recovery services. Cloud providers are also focusing on sustainability, aiming for net-zero emissions and renewable energy sources. Simplified cloud computing tools, privacy regulations, serverless and pay-as-you-go models, and edge computing are other key trends shaping the cloud landscape in 2024.
