Cloud Preamble

The world is becoming increasingly numeric, where data is its fuel. As fuel, it must be stored, distributed, and computed. The emergence of the internet and subsequent services have enabled people to effortlessly communicate, share, and store their information and data with their families, friends, governments, and other entities.

This massive data storage makes up the foundation of Big Data—a phenomenon aimed at enhancing the quality of services and user experience through analyzing large-scale datasets or training artificial intelligence (AI) algorithms. These new technologies brought the emergence of new applications in the supply chain, healthcare, and language inference. Today, everyone has a mobile phone with diverse applications, which densifies the stratum of interaction in the numeric world.

Here are some reliminary statistics from NextWork:

  1. The global cloud computing market is expected to reach $912.77 billion in 2025.

  2. The market is projected to grow at a 21.20% compound annual growth rate (CAGR) from 2025 to 2034.

  3. End-user spending on cloud services is forecast to hit $723.4 billion in 2025.

  4. Global cloud spending is expected to increase by 21.5% in 2025 compared to 2024.

Managing and storing such large amounts of data requires an enormous computer science infrastructure. Cloud data storage has quickly become the go-to solution for companies because of the increasing number of data breaches associated with traditional and local storage solutions, their lack of accessibility worldwide, the interoperability issues, and the deployment costs of establishing new infrastructure.

Last updated

Was this helpful?