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What's In Your Cloud for 2019?
Those of you who are in charge of IT for your company are well aware of the huge investments being made in cloud-based networks and applications. You may be making some of your own! By the end of this year, assuming the IDC predictions are correct, about 50% of a company's IT annual spend will be cloud-based, increasing to 60% by 2020.
Clearly, cloud computing will play a role in most 2019 IT strategic plans and budgeting. And with good reason. The cloud is here to stay. Most of the innovations we see on the information technology horizon are connected in some way to the cloud and/or cloud security. Here are three important trends that we are seeing as experts analyze the playing field for 2019:
- More Cloud-Based Services
- If you think there is a lot to deal with now, you will have more decisions to make over the next few years. SaaS (Software as a Service) will continue to grow by 18% (CAGR) by 2020 (Bain & Company). PaaS (Platform as a Service) is the fastest growing cloud platform, having grown from 32% in 2016 to a forecasted 56% growth by the end in 2019 (KPMG). IaaS (Infrastructure as a Service) will reach a whopping $72.4 billion (worldwide) by 2020 (Gartner).
- More Companies Embracing Hybrid Cloud Solutions
- What CTOs and CIOs like about hybrid solutions is that they enable them to ease into cloud computing. This allows them to move at their own pace and ensure greater security by hosting some applications in house. Experts predict that hybrid cloud solutions will be more readily selected for their efficiency and flexibility.
- Cloud Security Will Continue to be a High Priority
- Cloud security has always been a major concern for IT and will continue to be. After GDPR (General Data Protection Regulation) was introduced, security rose again to the top of the priority list for may IT professionals. Experts predict that in 2019 companies will put even more attention to ensuring that their networks and data protocols are GDPR compliant.
There are other trends, of course, that will continue to get attention as we head towards a new year. The quantum computing market is expected to grow even more rapidly than originally anticipated and will get crowded as new players emerge. AI and IoT trends will continue to dominate headlines as CTOs grapple with the arduous tasks of organizing and channeling a deeper and broader spectrum of data in ways that can make them more effective and more competitive.
These are, by all accounts, exciting times. And, yet they present unique challenges, especially when it comes to managing the many forms of data and controlling costs. Staying ahead of the curve has never been more important than in today's changing technology landscape.
TTI has been working with organizations for over thirty years to help them gain better visibility over their networks and technologies, enabling them to better manage and control costs. We welcome you to contact us as you begin putting together your strategic plans for 2019. Our seasoned team of professionals live and breathe technology every day and have acquired extensive knowledge over the years. We are happy to share our thoughts and insights with you.
About TeleManagement Technologies, Inc.
Since 1987, TTI has been designing software products that provide a better solution to managing corporate technology, inventory, expenses and services. For more information, visit www.telmantec.com.
