Cloud computing market to reach £1.17 trillion by 2030

Clouds from space

The global cloud services market is expected to garner £1.17 trillion by 2030, a 398% increase over its 2019 value of £235 billion.

This is accoring to a report by Allied Market Research (AMR), which predicts a combined annual growth rate (CAGR) of 15.8% from 2021 to 2030.

One key takeaway from the report is that cost effectiveness is the most important factor driving the global cloud market. AMR claims that deployment of cloud services can cut more than 35% of...

11 August 2021 | Data & Analytics

Unlocking the value of data in the cloud in challenging times

An image of a cloud on a circuit board.

In today’s post-pandemic operations, leaders are under increasing pressure to make decisions at speed and scale — and collaborate in real-time to adapt to change. A recent report revealed a whopping 89% of UK business leaders said without leveraging the cloud, running their businesses in the pandemic would have been impossible.

Despite this trend, many companies are still struggling to leverage their data in the cloud, limiting their progress to reach their full potential....

9 August 2021 | Data & Analytics

61% of cloud infrastructure comes from AWS, Microsoft or Google

Spending on cloud infrastructure grew by more than a third from Q1 to Q2 this year, according to the latest research from analytics firm Canalys.

Following the release of Amazon Web Services’ (AWS) earnings, which made up 31% of global cloud infrastructure spending, it has been confirmed that total industry spending for this year’s second quarter sat at $47 billion (£33.8bn).

Bezos’ cloud platform now boasts an annualised revenue of $59bn (£42.4bn), making it...

3 August 2021 | AWS

Cloud account compromises costs organisations £4.5m annually

An open padlock.

The average cost of cloud account compromises reached $6.2 million (£4.5m) over a 12-month period according to more than 600 IT and IT security professionals in the US.

This finding is the most revealing of many from a new report on ‘The Cost of Cloud Compromise and Shadow IT’ released by Proofpoint, a cybersecurity and compliance company, and the Ponemon Institute, an IT security research organisation.

Of the respondents, 68% believe cloud account takeovers present...

6 July 2021 | Data & Analytics

SaaS is the way – and the way is SaaS: Exploring new market moves

SaaS (software as a service) is not a new term and has shown continued adoption and growth year on year since the term first appeared fifteen years ago, with its commonality and mass adoption only growing over time. With its innate scalability and flexibility, SaaS took advantage of the new public cloud market. Today we find ourselves at a time where SaaS is taking over the cloud computing market and according to Bloomberg, public cloud platforms, business services, and applications (SaaS)...

28 May 2021 | Collaboration

AWS launches Amazon FinSpace to muscle in on financial services cloud offerings

Amazon Web Services (AWS) has launched Amazon FinSpace, an industry cloud offering aimed squarely at helping finance organisations efficiently prepare and analyse data.

The purpose-built analytics service 'aggregates, catalogues, and tags data across an organisation's data silos', enabling the data to be easily searchable across the entire company. This is achieved, in part, through a purpose-built managed Apache Spark analytics engine, with more than 100 'data transformations'...

5 May 2021 | AWS

Vodafone extends Google Cloud relationship to build ‘industry-first global data platform’

Vodafone is to use Google Cloud to build a new data platform and migrate its SAP workloads - in an extension of the companies' partnership and another key telecoms use case.

The two companies will jointly build the platform 'with the added capability of processing and moving huge volumes of data globally from multiple systems into the cloud', the press materials noted. Vodafone will host its SAP environment, as well as 'all big data and business intelligence workloads' on Google...

5 May 2021 | Data & Analytics

Five leading trends of database innovation: Cloud-native, self-driving, and more

In the wake of the pandemic, one trend that emerged is the need for digitalisation, and this will continue – and even grow – in the future. And, while it’s still not clear exactly what that actual economic impact of Covid-19 will be, IDC predicts that the digital economy will accelerate to counter this. The firm predicts that over 65% of APAC GDP is expected to be digitalised between 2020 and 2023 and spending will hit US$ 1.2 trillion.

As businesses – and even economies...

30 April 2021 | Alibaba Cloud

Data discovery: Defining a clear path to unlocking your most valuable asset

Data is now inevitable for every business. By the end of 2020, estimates found that 1.7 megabytes of data for every single person on the planet got produced each second. That’s 6 gigabytes per person (think storage for about 1,500 songs) created each hour.

In this world, it’s no longer a question of if your business will use data, but rather how you will use it. Specifically, how will you control it, manage it, secure it and — most importantly — use it effectively as a...

6 April 2021 | Data & Analytics

Bridging the gap between management and frontline teams with the cloud: A guide

The COVID-19 pandemic revealed two things about managers and the frontline teams they lead. First, the relationship between the two is almost entirely driven by technology — specifically cloud-based technologies — in this age of remote work. Second, many companies lack the technologies necessary to keep everyone linked together through an unprecedented event like the one we’ve experienced.

When shutdown orders forced offices to either close or start working in drastically...

30 March 2021 | Adoption