Today, the pervasiveness of cloud solutions extends to companies of every size. It encompasses industries and entire geographical regions. According to Forrester’s Cloud Predictions Report, 2018 will be the year in which over 50% of global enterprises rely on at least one public cloud platform to drive their digital transformation. It is the most transformative technology trend of the past decade, accelerating digital transformation like no other disruptive technology. This post outlines some predictions for the development of public cloud relative to private cloud.
Amazon Web Services, Google and Microsoft will capture 76% of all cloud platform revenue in 2018, expanding to 80% by 2020. Cloud Predictions Report 2018 Forrester
Public cloud providers undertake high-speed innovation, yet this large cloud is not the only place where innovation is happening. Private clouds and technology stacks also bring to enterprises the power and energy of elastic, on-demand cloud services. Forrester’s predictions reflect the growing dominance of cloud application and development platforms. These platforms will truly revolutionize new, enterprise-wide business models, as evidenced by the success of so many FinTechs today. Cloud ‘is’ and ‘will be’ mission critical and its mainstream enterprise core technology is key.
In many sectors, public cloud is the core driver of innovation. Developers benefit from the various services cloud providers offer as they build revolutionary applications. These applications, which truly change the way we work today, are driven by these innovative public cloud providers and support the 2018 predictions. On the other hand, cloud platforms will be more locally focused and targeted towards specific industry needs. As many applications are not built for megaclouds and demand specialized platforms, on-premise and private cloud solutions become increasingly relevant. In this way, application innovation and modernization will confirm the importance and relevance of both public and private cloud solutions, and specialized managed service providers.