Top 8 Biggest Cloud Computing Trends for 2024

Top 8 Cloud Computing Trends to Lookout in 2024. With the advancement in technologies like artificial intelligence, big data, machine learning, edge computing, and 5G, the cloud computing industry has witnessed massive growth in recent years.

According to the Market and Market report, the expected CAGR of the global cloud computing market size will be 15.1%, and it will reach a whopping $1266.4 billion, i.e., over $1 trillion by 2028.

In 2024, cloud computing will remain the dynamic driver of opportunities and innovations for the business. But before you migrate to the cloud, it is essential to understand what will become significant trends in the cloud industry.

So, in this blog, we will cover everything you should know about cloud computing and the trends to look for.

Read More: Edge Computing vs Cloud Computing

What is Cloud Computing?

Cloud computing delivers on-demand access to computing resources such as data storage, servers, applications, networking capabilities, development tools, analytics, processing power, and more over the internet by a cloud service provider. Companies only pay a cloud service provider to gain access to computing resources located on remote servers they use.

Cloud computing offers flexible resources, faster innovation, global scaling, better productivity, and improved reliability for businesses that rent for the services.

There are three most common cloud computing models, and businesses often use one or two to fulfill their purposes. These cloud computing models are Infrastructure as a Service (IaaS), Software as a Service(SaaS), and Platform as a Service (PaaS). Also, you can choose from public, private, multi-cloud, and hybrid cloud deployment models, depending on your requirements.

Read More: Multi-Cloud vs Hybrid-Cloud

Top 8 Trends to Look for in Cloud Computing in 2024

With a better understanding of cloud computing, let’s look at the Top 8 Cloud Computing Trends for 2024 that we will witness in the cloud market.

• AI-as-a-Service

• Edge Computing

• FinOps

• Multi and Hybrid Cloud

• Serverless Computing

• 5G Integration

• Cloud Security & Resilience

• Service Mesh

1. AI-as-a-Service

Artificial intelligence has become much more than a buzzword these days. In the coming years, the accessibility to AI will improve through the rise of AI-as-a-Service (AIaaS). AIaaS will enable businesses to access and leverage AI capabilities without extensive in-house expertise.

It establishes effortless access to AI and accelerates innovation with the power of machine learning without developing complex algorithms from the ground up.

To achieve this, cloud service providers are all set to offer pre-build AI services and models that allow organizations to integrate AI and ML into their applications.

Read More: What is Cloud Migration: Tools, Strategies, and Services

2. Edge Computing

According to Markets and Markets, the edge computing market will grow at a CAGR of 15.7% and reach $111.3 billion by 2028. We expect edge computing to mature further and become an integral part of cloud computing as it addresses the bandwidth and latency challenges related to centralized cloud infrastructures by distributing and processing data closer to the user. It helps businesses improve reliability, optimize performance, and deliver faster services.

3. FinOps

With the cloud becoming more prevalent, businesses are realizing the necessity of optimizing their cloud spending. As FinOps accelerates business value realization, cost efficiency, and financial accountability, it is set to become a prominent trend in the cloud market.

4. Multi and Hybrid Cloud

With multi-cloud businesses can avoid vendor lock-ins and take advantage of different cloud providers’ strengths. On the other hand, the hybrid cloud supports seamless on-premise and cloud integration for a balanced data management approach.

Therefore, multi and hybrid cloud will continue gaining traction in the coming years in the cloud computing market for businesses seeking enhanced flexibility, performance, and reliability.

5. Serverless Computing

Function as a Service (FaaS), also known as Serverless Computing, is expected to become more popular by 2024. This method makes coding easier by allowing developers to concentrate solely on writing code, without needing to manage the underlying infrastructure. In a serverless design, the cloud provider automatically handles resource allocation and scaling based on the application's needs.

This cloud computing trend streamlines the development process, speeds up time-to-market, and optimizes resource usage, making it a desirable choice for modern application development.

With the maturing of serverless computing, we can anticipate more widespread adoption across industries, with greater efficiency and reduced operational overhead.

6. 5G Integration

The introduction of 5G networks will revolutionize connectivity. There will be a strong connection between 5G and cloud computing. As 5G is capable of low latency and high speed, it unlocks new opportunities for cloud apps that require real-time data transmission and processing. It supports IoT devices, enhances mobile experience, and facilitates faster app deployment with minimal latency and high speed.

7. Cloud Security & Resilience

As the volume of sensitive data in the cloud increases, security becomes the top priority for businesses. Cloud security and resilience will remain one of the top trends in cloud computing. End-to-end encryptions, zero trust architecture, two-factor authentication, and other advanced threat detection methods will become standard practices in cloud computing, ensuring authorized resource access.

Read More: 4 Best Cybersecurity Practices For Your Business

8. Service Mesh

It is a layer of infrastructure that helps microservices communicate with each other within an application, and it's becoming increasingly crucial for cloud-based architectures. Service Mesh will be widely adopted to manage and secure microservices at scale in successive years as it helps manage and secure microservices by providing observability, control, and security.

It allows organizations to deploy, manage, and scale applications more easily. With containerization and microservices architectures on the rise, Service Mesh is becoming more popular for orchestration and communication, making it a strong solution.

Read More: Benefits of Microservices Architecture

Conclusion

As we peer into the cloud computing future, it has become clear that countless trends will reshape how businesses use technology to empower innovation. Whether it’s easy AI accessibility or seamless 5G integration, each cloud computing trend will contribute to a dynamic landscape.

By embracing these trends, your business will be able to remain competitive and pave its way to the new era of resilient, ubiquitous, and unparalleled digital experiences. These emerging trends, combined with cloud computing, will undoubtedly redefine the possibilities of the digital age.

If you are an entrepreneur or mid-sized business seeking to take advantage of cloud computing technology, contact our experts, share your requirements, and get a personalized quote for hiring experienced developers now!

FAQs: Cloud Computing Trends

What is cloud computing?

Cloud computing delivers on-demand access to computing resources such as data storage, servers, applications, networking capabilities, development tools, analytics, processing power, and more over the internet by a cloud service provider.

What are the top trends in cloud computing?

AI-as-a-Service, Edge Computing, FinOps, Multi and Hybrid Cloud, Serverless Computing, 5G Integration, Cloud Security and Resilience, and Service Mesh will be the trends in the cloud computing market.

What are the different cloud computing deployment models?

Businesses can deploy their application, servers, data, and more through public, private, multi-cloud, and hybrid cloud deployment models.

,

Top 8 Cloud Computing Trends. With the advancement in technologies like artificial intelligence, big data, machine learning, edge computing, and 5G, the cloud computing industry has witnessed massive growth in recent years.

According to the Market and Market report, the expected CAGR of the global cloud computing market size will be 15.1%, and it will reach a whopping $1266.4 billion, i.e., over $1 trillion by 2028.

In 2024, cloud computing will remain the dynamic driver of opportunities and innovations for the business. But before you migrate to the cloud, it is essential to understand what will become significant trends in the cloud industry.

So, in this blog, we will cover everything you should know about cloud computing and the trends to look for.

Read More: Edge Computing vs Cloud Computing

What is Cloud Computing?

Cloud computing delivers on-demand access to computing resources such as data storage, servers, applications, networking capabilities, development tools, analytics, processing power, and more over the internet by a cloud service provider. Companies only pay a cloud service provider to gain access to computing resources located on remote servers they use.

Cloud computing offers flexible resources, faster innovation, global scaling, better productivity, and improved reliability for businesses that rent for the services.

There are three most common cloud computing models, and businesses often use one or two to fulfill their purposes. These cloud computing models are Infrastructure as a Service (IaaS), Software as a Service(SaaS), and Platform as a Service (PaaS). Also, you can choose from public, private, multi-cloud, and hybrid cloud deployment models, depending on your requirements.

Read More: Multi-Cloud vs Hybrid-Cloud

Top 8 Trends to Look for in Cloud Computing

With a better understanding of cloud computing, let’s look at the Top 8 Cloud Computing Trends we will witness in the cloud market.

• AI-as-a-Service

• Edge Computing

• FinOps

• Multi and Hybrid Cloud

• Serverless Computing

• 5G Integration

• Cloud Security & Resilience

• Service Mesh

1. AI-as-a-Service

Artificial intelligence has become much more than a buzzword these days. In the coming years, the accessibility to AI will improve through the rise of AI-as-a-Service (AIaaS). AIaaS will enable businesses to access and leverage AI capabilities without extensive in-house expertise.

It establishes effortless access to AI and accelerates innovation with the power of machine learning without developing complex algorithms from the ground up.

To achieve this, cloud service providers are all set to offer pre-build AI services and models that allow organizations to integrate AI and ML into their applications.

Read More: What is Cloud Migration: Tools, Strategies, and Services

2. Edge Computing

According to Markets and Markets, the edge computing market will grow at a CAGR of 15.7% and reach $111.3 billion by 2028. We expect edge computing to mature further and become an integral part of cloud computing as it addresses the bandwidth and latency challenges related to centralized cloud infrastructures by distributing and processing data closer to the user. It helps businesses improve reliability, optimize performance, and deliver faster services.

3. FinOps

With the cloud becoming more prevalent, businesses are realizing the necessity of optimizing their cloud spending. As FinOps accelerates business value realization, cost efficiency, and financial accountability, it is set to become a prominent trend in the cloud market.

4. Multi and Hybrid Cloud

With multi-cloud businesses can avoid vendor lock-ins and take advantage of different cloud providers’ strengths. On the other hand, the hybrid cloud supports seamless on-premise and cloud integration for a balanced data management approach.

Therefore, multi and hybrid cloud will continue gaining traction in the coming years in the cloud computing market for businesses seeking enhanced flexibility, performance, and reliability.

5. Serverless Computing

Function as a Service (FaaS), also known as Serverless Computing, is expected to become more popular by 2024. This method makes coding easier by allowing developers to concentrate solely on writing code, without needing to manage the underlying infrastructure. In a serverless design, the cloud provider automatically handles resource allocation and scaling based on the application's needs.

This cloud computing trend streamlines the development process, speeds up time-to-market, and optimizes resource usage, making it a desirable choice for modern application development.

With the maturing of serverless computing, we can anticipate more widespread adoption across industries, with greater efficiency and reduced operational overhead.

6. 5G Integration

The introduction of 5G networks will revolutionize connectivity. There will be a strong connection between 5G and cloud computing. As 5G is capable of low latency and high speed, it unlocks new opportunities for cloud apps that require real-time data transmission and processing. It supports IoT devices, enhances mobile experience, and facilitates faster app deployment with minimal latency and high speed.

7. Cloud Security & Resilience

As the volume of sensitive data in the cloud increases, security becomes the top priority for businesses. Cloud security and resilience will remain one of the top trends in cloud computing. End-to-end encryptions, zero trust architecture, two-factor authentication, and other advanced threat detection methods will become standard practices in cloud computing, ensuring authorized resource access.

Read More: 4 Best Cybersecurity Practices For Your Business

8. Service Mesh

It is a layer of infrastructure that helps microservices communicate with each other within an application, and it's becoming increasingly crucial for cloud-based architectures. Service Mesh will be widely adopted to manage and secure microservices at scale in successive years as it helps manage and secure microservices by providing observability, control, and security.

It allows organizations to deploy, manage, and scale applications more easily. With containerization and microservices architectures on the rise, Service Mesh is becoming more popular for orchestration and communication, making it a strong solution.

Read More: Benefits of Microservices Architecture

Conclusion

As we peer into the cloud computing future, it has become clear that countless trends will reshape how businesses use technology to empower innovation. Whether it’s easy AI accessibility or seamless 5G integration, each cloud computing trend will contribute to a dynamic landscape.

By embracing these trends, your business will be able to remain competitive and pave its way to the new era of resilient, ubiquitous, and unparalleled digital experiences. These emerging trends, combined with cloud computing, will undoubtedly redefine the possibilities of the digital age.

If you are an entrepreneur or mid-sized business seeking to take advantage of cloud computing technology, contact our experts, share your requirements, and get a personalized quote for hiring experienced developers now!

FAQs: Cloud Computing Trends

What is cloud computing?

Cloud computing delivers on-demand access to computing resources such as data storage, servers, applications, networking capabilities, development tools, analytics, processing power, and more over the internet by a cloud service provider.

What are the top trends in cloud computing?

AI-as-a-Service, Edge Computing, FinOps, Multi and Hybrid Cloud, Serverless Computing, 5G Integration, Cloud Security and Resilience, and Service Mesh will be the trends in the cloud computing market.

What are the different cloud computing deployment models?

Businesses can deploy their application, servers, data, and more through public, private, multi-cloud, and hybrid cloud deployment models.