With the pandemic that forced employees to work from home, we can say that 2020 has been a year of technology companies. The pandemic spurred digitization more than anticipated, and cloud computing has played a major role in this technological revolution.
But it will not stop there, as in 2021 another boom is expected in the Cloud Computing space. This as more companies will continue to digitize and expand their virtual work arena.
By the end of 2021, nearly 80% of companies would have decided on a strategy to move to infrastructure and Cloud-based applications will be announced by the International Data Corporation.
Given this, all companies are projected to increase spending by 18%, concentrating these funds on the Cloud. In total, the cost of cloud system infrastructure services is expected to increase from $ 44 billion in 2019 to $ 63 billion in 2020 (estimates have not yet been made for the year left behind). And for 2022, an extraordinary increase is predicted, exceeding 80 billion dollars.
Although it was initially thought that investments in the Cloud were due to unexpected work changes from home, this is expected to remain a normal trend in the future. Predictions are that Cloud Computing will continue to thrive while work from home, distance learning and other digital trends will continue to grow.
Working from home is considered the main catalyst for many businesses that are investing in the Cloud. Currently, only 33% of the workload uses Cloud technology and in 2022 it is projected to reach 55%.
Therefore, Cloud is expected to have a great development in 2021 and the Cloud will be the main source for the main operators in this field. This trend from pushing the world’s largest Cloud operators like Google, Amazon, Facebook and Microsoft to increase spending and reach a record level of $ 37 billion in the third quarter of 2020.