When cloud services first became integrated into the business world, only larger companies were able to effectively use this technology, due to the high prices charged and the reduced quantity of storage that smaller businesses had to handle. However, this has changed significantly in recent years. Not only have cloud services become far more efficient, causing the price to fall by association, but smaller businesses are also having to handle far more information than ever before. As such, it is now common for SMEs and even start-ups to invest in cloud solutions while their business is still asserting itself in the marketplace.
While we can see the historical trends that have occurred within the cloud network, it is also well worth considering the future. Our experts at Immervox have created a short guide on their predictions for the future of cloud services.
'X as a service' will increase
There are vast amounts of cloud-based services which have become increasingly popular over the past few years. Software, platform and infrastructure as a service (SaaS, PaaS and IaaS respectively), have all taken increasingly larger percentages of company IT budgets, and it seems that this trend will continue. By accepting X as a service and paying to access it (think Office 365 or Amazon Web Services), companies are offered many advantaged that they wouldn’t receive when buying the software, including free software updates, flexibility and scalability, and on-call customer support. As such, it is expected that increasing numbers of businesses will join these services, and more services will be created to meet market demand.
More efficient storage
Given the trends seen over the past few years, it is expected that that amount of storage offered through cloud services is likely to increase and become cheaper. Since cloud storage has almost become the norm for companies, it is vital that cloud-based providers continue working on ways to increase their storage capacity while improving efficiency. Due to the needs from both the demand and the supply side, there is an incentive everywhere to increase storage capacities and reduce prices.
Security will still be high on the agenda
Regardless of the improvements in cloud solutions and technology, the security of the information will still remain a top priority. With the requirement for businesses to adhere to new GDPR legislation, combined with the increasing numbers of ransomware and other malicious cyber activities, security must remain at the forefront of the minds of both the supplier and the buyer. If prices do go down, then customers are more likely to focus on the security features offered by companies in order to ensure they have peace of mind.
At Immervox, we pride ourselves on offering a whole range of cloud services for your company, which can be specifically tailored to suit your business needs. For more information and expert advice have a chat with one of our solutions experts so we can help you.