AI is revolutionizing industries by enabling organizations to leverage vast amounts of data for enhanced decision-making, operational efficiency, and automation. This positions cloud service providers and hyperscalers as crucial enablers of the digital revolution.
Today, as organizations revisit investment strategies in terms of IT infrastructure, processing, cloud storage, and security, Frost & Sullivan finds that:
- 73% of businesses consider hybrid and multi-cloud environments as critical to business success.
- 57% of business applications are cloud-native, with 43% remaining in legacy infrastructures.
- 51% of organizations rank data and app security as their top challenge when implementing cloud solutions.
- 87% of businesses seek to optimize their cloud computing spend amid the exponential growth of cloud-based data for AI workloads.
The question then is – Which best practices will equip your teams to harness the full potential of AI and automation, while minimizing security risks?
Growth Opportunities in the Cloud
Frost & Sullivan’s latest eBook reveals AI-ready cloud solutions and leading providers that can help your organization achieve its AI goals.
Download Now to unlock comprehensive insights on:
- Megatrends in cloud computing
- Growth opportunities for cloud service providers
- Winning technology strategies in cloud storage.
- Best practices in cloud implementation.
To learn more about changing customer needs in Cloud Storage and AI, click here.
Navigating the Shift: Transforming Cloud Technologies
As companies accelerate their digital transformation initiatives, the cloud serves as a critical foundation for AI-driven solutions, enabling organizations to enhance their capabilities and meet evolving customer needs. Consequently, the global cloud computing, infrastructure, and platforms industry is set to expand at a CAGR of 25.4%, rising from $235.99 billion in 2023 to $915.9 billion by 2029.
- Disruptive Technologies: Enabling AI functionality at the edge with edge-to-cloud solutions and localized infrastructure. This will help providers deliver real-time insights for applications like predictive analytics, speech recognition, and anomaly detection.
- Transformative Megatrends: Cybersecurity remains a primary concern among public and private cloud users, especially for critical or sensitive workloads. To tackle this, cloud providers need to supercharge threat/anomaly detection, encryption, and security using quantum key distribution (QKD) and advanced cryptography libraries.
- Internal Challenges: Simplifying the process of integrating siloed datasets, while ensuring that data is quickly, easily, and securely accessible to the tools, users, and systems that need it. This will enable providers to better support and optimize enterprise AI initiatives.
- Innovative Business Models: Customizing software-as-a-service (SaaS) models for different personas based on their preferences, behavior, and interests by leveraging AI and generative artificial intelligence (GenAI). This will empower industry incumbents to maximize user satisfaction, customer engagement, and conversion rates.
How will you analyze and evaluate the ROI potential of different opportunities emerging from these headwinds?
Click here to read on about latest trends in cloud computing.
Cloud Computing: Growth Opportunities in the Spotlight
As we move into 2025 and beyond, Frost & Sullivan’s portfolio of studies on the cloud ecosystem reveal actionable intelligence on the following opportunities:
- Large language models (LLMs) and developer tools: To power applications like conversational AI and simplify AI deployment with intuitive application programming interfaces (APIs) that are customized for different industries.
- Data protection strategies of the future: Combating cyber threats and regulatory risks with end-to-end security solutions, integrated cyber deception, and automated ransomware detection.
- Low-code application platforms (LCAPs): With AI development assistance, intelligent document processing, and image-based AI.
- Emerging opportunities in edge-to-cloud solutions, AI-powered cloud cost optimization, hybrid configurations, specialized industry clouds, carbon-neutral cloud solutions and more!
In conclusion, the cloud ecosystem is evolving, driven by AI advancements that create numerous growth opportunities. As organizations continue to embrace hybrid and multi-cloud layouts, the potential for innovation and automation will only expand, making it easier for customers to optimize IT operations and for providers to improve customer experience.
Further, to identify customized technology strategies and partnership opportunities that align with your organization’s growth goals, get in touch with our Cloud Growth Experts over a complimentary Growth Pipeline DialogTM today!
