According to Gartner, revenue generated from an organization’s pursuit of a cloud strategy will increase by $66 billion next year – from $408 billion in 2021 to $474 billion in 2022. The research firm also predicts that cloud revenue will eclipse its non-cloud counterparts.
The cloud has become especially imperative in the ongoing COVID-19 pandemic. “There is no business strategy without a cloud strategy,” said Milind Govekar, distinguished Vice President at Gartner. “The adoption and interest in public cloud continues unabated as organizations pursue a ‘cloud-first’ policy for onboarding new workloads.”
Examples include mobile payment systems as banks invest in startups, energy companies utilizing the cloud to improve the customer retail experience, and auto companies launching personalization services for the safety and infotainment of their customers. With these trends leading the way, Gartner predicts that 95% of new digital workloads will reside on cloud-native platforms in 2025 – a 30% jump from 2021.
Cloud capabilities will also simplify organizational processes. For example, Gartner predicts that the use of no-code and low-code technologies will triple by 2025. This democratizes application development within organizations, allowing the teams that use the software program it to meet specific needs. “The technological and organizational silos of application development, automation, integration, and governance will become obsolete,” said Govekar.
Click here for the full article from Gartner.
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