Are you looking to embrace cloud technology? You’re not alone! Cloud adoption and spending have reached new heights amid the COVID-19 pandemic. The resulting work-from-anywhere culture has also contributed to cloud technology’s proliferation. According to MarketsandMarkets, a leading global research company, the global cloud computing market is expected to grow from $445.3 billion in 2021 to $947.3 billion in 2026. That’s an average growth rate of about 16.3 percent per year!
What’s driving this surge in cloud computing? Why are more organizations looking to adopt cloud technology? Will this trend continue? Read on as I answer these questions.
What Is Cloud Technology?
In simple words, cloud technology provides access to any resource through the internet. For example, an organization can get data, applications, servers, and other computing resources when it needs them. In return for this on-demand delivery, a company pays a certain