Global Cloud Computing Revenue to reach $519B by 2027

Global IaaS storage and related computing revenue alone will reach $63.8B by 2025. Major impact of edge computing will initially be computing efficiency improvements. Inclusion of AI within 34% of core networks and 44% of distributed notes by application.

Cloud is an enabler of business process change as it facilitates key benefits including expenditure reduction (CapEx and OpEx), service development and delivery efficiencies, and greater flexibility to meet evolving business needs. Clouded-based technologies are evolving at a rapid pace along with the myriad of ways in which services can be developed, implemented, and operated. Various players in the cloud ecosystem achieve varying degrees of sustainability in accordance with their ability to identify gaps in IT infrastructure and/or services delivery regardless of what technologies are in place today and anticipate how methods and procedures will need to evolve to capture future opportunities.

Similar to fog computing, but based on a different architectural approach, Mobile Edge Computing (MEC) represents cloud-computing capabilities and an IT service environment at the edge of mobile networks, such as LTE or 5G, but may also include WiFi. In cellular networks, the edge of the network includes base station infrastructure and data centers close to the radio network, which can extract network context from Radio Access Network (RAN) and process in a distributed manner.

Supported by leading organizations such as ETSI ISG, IBM, Intel, Nokia Network, Huawei, NTT DoCoMo, Saguna, and Vodafone, MEC will be applied in a wide array of areas including content delivery, DNS caching, RAN optimization, offloading, IoT connectivity, distributed video, critical communications, and urban security. MEC is also anticipated to create a new ecosystem that will positively impact various vertical markets.

Read More: https://www.giiresearch.com/report/min1065009-cloud-computing-services-platforms-infrastructure.html 

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