Organizations face the constant struggle of achieving a faster time to market, augmenting customer experience, and improving agility & scalability while addressing governance and monetary challenges. Cloud computing technology offers a new, flexible operating model that overcomes these problems. This is why the Cloud revolution has resulted in a paradigm shift in the way businesses operate.
Demands for scalable and secure access to applications, spikes in network loads, requirements of device-agnostic access, and a move towards pay-as-you-go pricing have all created and nurtured a demand for cloud computing technology.
According to Forrester, the public cloud market is set to grow to $236 billion by 2020. With Cloud solutions and Cloud implementation services becoming mainstream, IDC predicts that 67% of enterprise software and infrastructure will cater to Cloud-based offerings by 2020. Moreover, Forrester predicts that AWS, Google, and Microsoft are on track to capture 80% of Cloud platform revenue by the same year.