Enterprise cloud infrastructure spending is expected to surpass $1 trillion worldwide by 2024. This is driven by factors such as the growing demand for adoption of new platforms and as-a-service offerings, especially artificial intelligence (AI) services.

In 2024, businesses will look to cloud infrastructure for time and cost savings. New applications are constantly emerging across many industries, showing that cloud computing technology will become an important key to help businesses manage their systems more flexibly and effectively.

With this growth trend, many businesses will face challenges around security and data privacy. However, new infrastructure models such as Hybrid cloud, federated cloud will provide businesses with the best solution from all aspects to help break down these barriers.

In 2024, cloud infrastructure promises to be the main driver for business growth. Below are 10 notable trends that EDUTO has compiled that have been shaping the cloud computing industry in 2024.

 AI-as-a-Service (AIaaS)

Cloud computing infrastructure plays a key role in expanding access to artificial intelligence (AI), which brings significant economic and social benefits. AI models such as Chat GPT’s large language model (LLM) require large amounts of data and computing power to train algorithms. And most businesses lack the resources to do this independently, using AI-as-a-Service (AIaaS) through cloud platforms allows them to leverage the potential of the technology to optimize resources and focus on other goals to grow their business.

Hybrid and Multi-Cloud

The growth rate of large enterprises moving to multi-platform cloud (services from many different cloud providers) is expected to reach 76% to 85% by 2024. Multi and Hybrid Cloud solutions (combining cloud computing services with on-premises infrastructure) to help businesses optimize their business will become increasingly influential. More and more businesses are choosing this model to achieve a balance between security and flexibility in system operations, allowing them to choose the services that suit their needs.

More: 5 IT Outsourcing trends businesses need to pay special attention to

Real-time cloud infrastructure

In 2024, businesses will prioritize leveraging real-time data for detailed, actionable insights. At the same time, a large amount of the data we consume will be delivered in the form of online data such as movies and music from Netflix/Spotify platforms, video data from Zoom/Teams calls, and new forms of online entertainment such as cloud computing gaming. This change leads to an increasing demand for data storage solutions, especially for immediate access. Therefore, technologies such as Flash and SSD (Solid-state Device) will become popular and preferred.

Cloud-Based Innovation and Transformation

In addition to artificial intelligence (AI), the integration of cloud computing technology will act as a gateway to many other technological revolutions, including the Internet of Things (IoT), blockchain, and quantum computing. Thanks to its flexibility and scalability, cloud computing makes it easy for businesses to deploy pilot projects at low costs, supporting easier evaluation of the effectiveness of new technologies.

Cloud computing security

Faced with increasingly severe cybersecurity threats in 2024, encryption, authentication, and disaster recovery are becoming critical functions in cloud services. The increase in frequency and severity of data loss and breaches comes from the development of new forms of attacks such as artificial intelligence (AI) enhancements and sophisticated phishing techniques. This makes manual, human-reliant systems more vulnerable than ever. As a result, cloud providers and customers are willing to pay a premium to ensure system security and resilience.

Sustainable Cloud Computing

Cloud providers are committed to working with their customers to reduce their carbon footprint. Amazon has set a goal of “net-zero emissions” by 2040, while Microsoft promised to achieve this sustainability goal 10 years ago. Additionally, Google and others have expressed their intention to use 100% renewable energy for their operations. While these goals are still in the works, the trend toward sustainable cloud computing will increase significantly by 2024.

Simplify Cloud Computing

The emergence of low-code/no-code tools is making application development accessible to people without technical backgrounds. Cloud providers are also using drag-and-drop interfaces and natural language tools to simplify cloud management. This trend is making cloud computing more accessible to everyone.

Privacy in Cloud Computing

Cloud computing infrastructure privacy involves the continued development of technological solutions and legal regulations to help businesses maximize the benefits of cloud computing while ensuring absolute security for customer data. The use of these services often involves transmitting data to a third party, often a cloud service provider, so addressing privacy issues in this process will continue to be a key point in the cloud computing sector in 2024.

Serverless Cloud and Pay-as-you-go

The serverless model in cloud computing allows businesses to focus on core operations without having to worry about managing servers. Unlike traditional cloud services, where costs are based on the number of servers that host the infrastructure, the Serverless model allows businesses to pay only for the resources they actually use. This helps businesses improve performance by eliminating server costs during downtime and allocating their time more efficiently.

More: IT Outsourcing trends in the context of global economic recession

Edge Computing

Edge computing (a form of cloud computing), a cloud-based paradigm, is the technology that processes information close to where it was originally collected. For example, consider a heart rate monitor for a wearable device that detects arrhythmias. Transmitting all the collected data, which is mostly “normal” heart rate data, to the cloud for analysis and then relaying the results back to the user would be inefficient in terms of bandwidth usage. Instead, analyzing the data directly on the device not only eliminates this unnecessary overhead, but also alerts the user more quickly if anomalous data is detected.

In 2024, compact, energy-efficient processors incorporating memory-efficient algorithms will increasingly appear, and along with that, advanced networks such as 5G will contribute to the increased usability of edge computing for various applications.

Last words

In 2024, cloud technology trends are witnessing the explosion of artificial intelligence (AI), the flexibility of Hybrid/multi cloud, edge computing with real-time data processing capabilities, comprehensive security. These trends are creating a major shift towards a future with digital adaptability and seamless connectivity.

EDUTO is one of the pioneering VietNam companies in cloud computing technology. Learn more about cloud solutions for businesses, contact us here.

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