Meta: The appearance of cloud platform has made significant changes in organizations worldwide in recent years. Cloud platform provides Big Data as a way to restore and get a huge amount of information, that’s why it has been used widely.

Recently, the term “cloud platform” has been mentioned frequently around the world, which shows the development of cloud platform in the fourth industrial revolution. IT operators and users have no longer regarded cloud platform as a tool, but made use of it to do businesses.

Statistics show the popularity of cloud platform

Public cloud computing and services will be valued at $236 billion and grow by 22% annually in the 2015-2020 period. Public cloud adoption in enterprises will be at 17% in 2020, higher than the forecast in 2014, according to the Forrrest Research.

Firms’ spending on computing cloud is growing at a compound annual growth rate (CAGR) of 16% in the 2016-2026 period, according to the SiliconANGLE.
At least a half of information and technology expenses in 2018 will be for cloud-based apps, which will accout for 60% of IT infrastructure and 60%-70% of IT software, services and expenses in 2020. In the same year, cloud-based apps will be a favorite distribution mechanism for analysing, according to the International Data Corporation (IDC).

The expenses for cloud computing has climbed by 4.5 times compared to expenses for information and technology in 2009. The figure is forecast to grow to over six times as high as expenses for information and technology in 2020, according to the IDC.

The global cloud market will hit $390 billion in 2020 with an annual growth rate of 17%, according to Bain & Company.

The expenses for IT-as-a-service for data center, software, and services will hit $547 billion at the end of 2018, according to Deloitte.

Who will lead the cloud platform market in 2018?

SiliconANGLE has cited theresearch by Wikibon as forecasting that Amazon may surpass Google and Microsoft to take the lead in the cloud platform market. Amazone’s revenue may hit $43 billion in 2022, according to Wikibon.

Microsoft, despite arriving late in the cloud computing industry, is still going strong in the game with its enterprise cloud, Azure. It is ready with its ability to compete head-to-head with Amazon.

Cloud computing’s benefits in market’s growth potentials

  • -          Easily deployable models
  • -          Simplified IT management & maintenance
  • -          Built-in security
  • -          Remote access
  • -          Cost efficient
  • -          Reliable delivery, management, and support services

Cloud computing empowers developers & companies to innovate faster and cheaper. It’s impressive that you can spin up any server, any operating system and stack in minutes to get rolling. It is far more secure than the traditional on premise systems and it is a better way to run a business,” said Asokan Ashok, CEO of UnfoldLabs Inc.

When making the move to the cloud, it is important for enterprises to understand that while cloud providers are responsible for securing the cloud, only enterprises can secure how they use the cloud. This requires a new security mindset. Simply “lifting and shifting” an on-premise security stack is certain to fail,” said Jason Guesman, board advisor of Lacework.

Forecast on development trends of cloud platform in 2018

Growth in cloud services & solutions(SaaS, Paas, IaaS): The development of cloud computing leads to the development of cloud services.

Bain & Company forecasr that Software-as-a-Service,a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted, will grow at a compound annual growth rate of 18% by 2020. The likes of Google Apps, Salesforce, and Citrix GoToMeeting will most likely continue to represent the largest cloud market.

Meanwhile, KPMG forecast that Platform-as-a-Service (PaaS) will be the fastest-developing category isn the cloud platform market. PaaS may grow by 56% in 2020 from 32% in 2017. PaaS allows customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure.

According to Statista, Infrastructure-as-a-Service (IaaS), whichprovides virtualized computing resources over the Internet, will be valued at $17.5 billion in 2018. Amazon holds the largest IaaS market share with Amazon Web Services (AWS) and will be competing with other cloud infrastructure services including Microsoft Azure and Google Compute Engine (GCE).

In 2018, the adoptation of Enterprise Cloud Services will improve, Consumer Cloud Services will skyrocket, Cloud-based File Sharing Services will Increase, Collaboration Services will become more familiar, Social Media Services will get democratized and get the highest adoption.

Multi-functional cloud computing services

Cloud to Cloud Connectivity: some firms do not like connecting with one cloud computing provider, that’s why many cloud computing suppliers open application programming interface (API) to link many services. Opening APi is necessary to synchronize the process and manage multi-functional data, as well as connect with systems and tools.

Cloud to On-Premise Connectivity: most enterprises will keep their on-premise solutions and also connect to cloud-based solutions with heavy customization that will best fit their demands.

Main reasons for this phenomenon:

  • -   Although some confidentiality solutions are better suited for the cloud, on-premise is still better for network security in controlling the data flow.
  • -  Enterprise data and systems have grown over a period and migrating them to the cloud, which remains an issue for most enterprises.
  • -  Cost vs. return on investment ratios: it is costly and time-consuming to complete migration to the cloud.
  • -  Cloud storage and its multi-faceted usage

Cloud storage is becoming cheaper: It's the financial aspects of supply and demand  - the higher the supply and the lower the demand, the cost goes down. However, with cloud storage, the supply is significant and the demand is high; therfore, cloud storage is not only cheap but also offered for free from certain cloud providers so they can gain market share and collect valuable user data.

Crowd Sourced Storage: Instead of using traditional cloud storage which isexpensive, slow, and sometimes insecure, crowdsourced storage will become an ideal option for people wanting to keep the cost low while taking full advantage of the cloud’s benefits.

Sharing your friends or strangers’ storage will become a common practice and will replace such applications as Google Drive or DropBox. Crowd-sourced cloud storage platforms will be used in building and maintaining large-scale applications.

Crowd-sourced Data :  Major cloud players like Google and Amazon are allowing Cloud Storage to freelysupply data for big data /analytics and artificial intelligence applications.

Cloud Cost Containment: cost containment is necessary to keep costs down to only essential expenses to remain the financial targets. Cloud is growing faster as more organizations adopt cloud-based strategies to cut costs. Cloud computing is a cost-cutting IT strategy in long-term that reduces infrastructure expenditures and increases ROI by cutting costs while expanding accessibility and productivity.

Cloud Cost Wars:  The war between Google and Amazon in terms of cloud pricing is based on each organization’s efforts to provide the cheapest service and dominate the cloud market. AWS announced its lower prices early this year, while Google introduced Committed Use Discounts (CUD), “the ability to purchase committed use contracts in return for deeply discounted prices for VM usage,”as defined by Google.

Cloud security vulnerabilities

Security violations are rising. According to the Identity Theft Resource Center (ITRC), the number of U.S. data violationsfrom June 30, 2017, hit a half-year record high of 791, a sharpincrease of 29% from the same period in 2016. The ITRC forecast that there could be a 37% annual increase inviolations in 2017 compared to 2016.

It’s not surprising that security has continuously beena problem with technology and cloud solutions are not an exception. The data violations of credit reporting agency, Equifax, resulted in the exposure of millions of sensitive personal information including people’s names, social security numbers, birth dates, driver’s license numbers, and credit card numbers. Bank violations are also common, mostly due to adopting open banking which makes users more vulnerable than ever.

Google has taken some security measures with their security key fob for logging into devices that includes a two-step verification process. This key fob is relevant to a code sent to your mobile phone in addition to your fixed password to ensure the safety of your account.

According to Gartner, the worldwide information security spending may reach $93 billion in 2018 compared to $86.4 billion in 2017, and IDC expects the global revenue for security technology to reach $101.6 billion in 2020.

Security-related issues will continue to prevail in 2018, which means we will see more cybersecurity companies adopting new cloud security options.

In order to succeed in the cloud, IT and security teams need to embrace a new operating model, which is what startups such as Lacework are focused on. By bringing automation, speed, and integration with cloud security services, the company redefines ways to approach cloud security for success. CSO Online took a deep look at the Lacework solution this summer (Top Security Software, 2017; Lacework uncovers hidden attackers amid chaotic data center and cloud).

 Internet of Things (IoT) and the cloud

Most IoT devices depend on the cloud to work, especially with devices connected to work together. IoT connected devices such as household appliances, automobile, and electronics, have a cloud-based back end as a tool to communicate and store information. The cloud supports these devices, and as we see more IoT devices being made and sold, the cloud usage will continue to increase consequently.

Serverless Cloud Computing will bring in more usage and use cases

Serverless Cloud Computing that allows developers to build and operate applications and services without worrying about managing/running servers, will increase cloud usage, and cloud use cases. Along with not having to manage any infrastructure, Serverless Cloud Computing also improves efficiency by allowing developers to connect and extend cloud services to easily address their applications and multiple use cases. Serverless Cloud Computing requires less time and effort, and it simplifies the issuance of new updates.

Edge computing on the rise

Edge computing, or performing data processing at the edge of the network to optimize cloud computing, will also be rising. It is a result of increased usage of internet-connected devices. Edge is crucial and will be rising in 2018 because it will be required to run the real-time services as it streamlines the flow of traffic from IoT devices and provides real-time local data analysis and analytics.

Cloud-based container systems will become mainstream

Cloud containers as a service will become mainstream because it can provide a better infrastructure security. Also, container systems based on the cloud are an alternative to virtual machines and allow quick, reliable, consistent, and straightforwarddeploymentof apps. Moreover, cloud providers can offer hosted container management services and differentiate their platforms from one another through cloud container systems.

Adoption of the Cloud will continue rising in the Consumer and SMB/Mid-Market segments; CIO will have strategic plans to take advantage of the latest services from cloud providers. The tools for visualization of cloud data and processing market will continue to improve. Security, performance, and management of solutions based on the cloudwill be the issues that cloud providers will have to deal with.

Cloud adoption will be fast in most marketsegments, but the growth in the enterprise segment will be slow due to security issues being the main factor in CXO taking a cautious approach to Hybrid Cloud adoption. Some enterprises may also see a private cloud as a solution.

As mobility enhances, the cloud will become more global. Cloud providers will succeed when they can sufficiently mine data to build better analytics, proactive monitoring and decision making, data mining and artificial intelligence. Cloud technology will continue growing in the coming years, and organizations must actively participate in its adoption, development, and security.

Cloud computing has given huge chances to businesses so that they can operate effectively and smartly and cut costs. The most important thing is whether firms dare to apply new technologies in these business management or not. Therefore, whatever the firms’ sizes, you should try this new technology so as not to miss future business chances.