Cloud computing has emerged as the most trending topic in the world of Information Technology. Cloud technologies are quickly becoming the future for organizations regardless of industry. The emergence of leading-edge technologies like Machine Learning (ML) and Artificial Intelligence (AI) is driving a push to cloud-based technology. New cloud service models are coming on the sight continuously and organizations (small or large) are undoubtedly moving their infrastructure as well as applications over to the cloud. As per IDC, expense on public cloud services and infrastructure collectively around the globe will hit by 23.8% from 2018, reaching a total spend of USD 210-billion in 2019. The projected 5yrs CAGR (compound annual growth rate) from 2017 to 2022 is forecasted to be 22.5% to reach USD370 billion.
When it comes to cloud computing, Amazon Web Services presently leads and continues to grow. Amazon Web Services undoubtedly is the sole leader of cloud computing space because of its compliance with cloud computing models such as Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS). The supremacy of Amazon Web Services can be observed from the reality that it holds 30% of the cloud market share, which is three times to its close player Microsoft Azure standing at 9%. Forward-looking enterprises are drawn to these next-gen clouds for three prime reasons: