March 24, 2018

The adoption of Cloud Computing models based on their technology types and implementation types are the key factors that drive the Cloud Computing market. In addition, the budget allocation of organizations to the various cloud computing models. Industry verticals are keen to adapt to the popular cloud computing services.

The leading cloud computing technology types that will gain significance across industries in 2018 are Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), wherein communications and IT industries are strongly determined to adopt cloud computing services over the next 12 months. A growing need for high-performance computing within the industry and flexibility in their operations are encouraging small and medium-sized companies to implement the hybrid cloud architecture model. Additionally, hybrid cloud is expected to see a greater budget allocation in 2018, compared to 2017.

Further reveals, 63% of the respondents expect the hybrid cloud (mixed cloud & on-premise models) to be the key cloud computing implementation type to gain significance within the industry in 2018. Due to growing concerns about increasing loads, data security, and high-performance computing needs, enterprises are expected to favour the ‘hybrid cloud’ implementation model that provides flexibility and scalability through the combination of both private and public cloud. Furthermore, executives from North America and Asia-Pacific expect the ‘private cloud’ implementation model to gain influence within the industry in 2018; a ‘private cloud’ provides a secure and separate cloud-based environment that is deployed within a company’s firewall at a greater installation and maintenance cost compared to either the public or hybrid cloud implementation models.

In particular, the respondents operating from Europe reveal that companies’ needs for data security and data recovery at reduced cost are the factors that encourage the adaptation of hybrid cloud implementation model within the industry.