This spending was a consequence of tremendous growth in infrastructure services as the Infrastructure-as-a-Service (IaaS) market saw a reported 27% increase in spending from AU$511 million in 2018 to AU$652 million in 2019.
The above study found that cloud computing is rapidly catching on among Australian enterprises because it helps them improve business agility as a whole. According to IDC, enterprises claim that providing a cloud experience across every organizational layer is key. However, many organizations still struggle with finding the right IT environment for their workloads as they are either caught up in maintaining complex legacy architecture or are stuck with expensive cloud resources that tend to spin out of control.
Microsoft Azure defines cloud computing as, "Simply put, cloud computing is the delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the internet ('the cloud') to offer faster innovation, flexible resources, and economies of scale."
A Nasdaq report describes cloud computing as one of the top trends of this year, and it is also a staple of digital transformation. In more technical terms, cloud computing works by chartered access to storage and applications from a cloud service provider rather than owning data centers or computing infrastructure. The computing takes place on a remote machine, and the data collected during the process is stored and processed by cloud servers.
The definitions of cloud computing are many, but the one thing that is for certain is that it is a service that includes different cloud deployment models. According to Microsoft Azure, these cloud deployment models are:
A private cloud deployment model is exactly what it sounds like. It comprises computing resources that can only exclusively be used by one organization. It can have a physical location at your on-site enterprise data center, or it can be hosted by a third-party service provider.
In a private cloud deployment model, the hardware and software are built specifically for your organization, and the infrastructure and services are always maintained on a private network. This makes it simpler for organizations to configure their resources accordingly to meet their specific IT needs.
According to Gartner, the demand for cloud IaaS will see the fastest growth with its revenue predicted to double from AU$652 million in 2019 to AU$1.2 billion in 2022.
Telsyte resonated with Gartner's findings in its Australian Cloud Market Study 2019, where it revealed that 43% of Australian organizations planned to increase investment on cloud infrastructure to figures of AU$688 million.
Sid Nag, Research Vice President at Gartner, says:
Gartner sees this continuing through 2020 and expects most Australian businesses to have cloud-first or cloud-only policies that suit their unique needs. These unique needs call for unique solutions according to a business's workloads, and choosing the right cloud deployment model can make businesses flexible and agile by giving them access to IT resources and services on demand.
IDC has forecast this shift to increase the revenue of the country's cloud services market by a compound annual growth rate (CAGR) of 22.3%, which will increase public cloud spend from US$229 billion in 2019 to US$500 billion in 2023. An independent study by Cloud Vision expects 83% of enterprise workloads to be in the cloud by the end of this year.
This enormous shift of companies moving to the cloud is because the cloud helps businesses scale by providing mobile access to data with unmatched flexibility, better manageability, and on-demand availability of resources. For enterprises looking for the right cloud platform to increase business agility and improve outcomes, an IDC guide asks that they consider the following aspects before deciding on one:
The IDC MarketScape assessment guide published in 2019 shares expert tips with enterprises on how to choose the right managed cloud services vendor. It provides business leaders with the right guidance to help them distinguish between different cloud service providers by measuring the breadth of their services, comparing their portfolios of managed services against one another, their availability round-the-clock, etc.
An independent study by Crisp Research also highlighted better business outcomes for companies using managed cloud services and suggested that enterprises consider seeking answers to the following questions as part of their managed cloud services provider assessment process:
Keeping a pulse on the pace of innovation in managed cloud services space is very important. CenturyLink is pleased to be recognized in the industry and awarded the 2019 Frost & Sullivan Product Leadership Award for Hybrid Cloud Management Platforms in the managed cloud services market. Additionally, CenturyLink is also validated by various Information Security Compliance auditors after having its commitment to operational excellence realized by them and is ISO 27001:2013, ISO 22301:12, ISO 9001:2015, and ISO/IEC 20000-1:2011 certified.
CenturyLink keeps abreast of the latest cloud computing trends and works with you to come up with customized cloud-computing solutions designed for your specific IT requirements. CenturyLink's expansive portfolio of diverse cloud solutions helps provide businesses with comprehensive cloud expertise and improves infrastructure efficiency with an enterprise-ready cloud. From network security to data to on-demand services and scalable applications, CenturyLink enables you with affordable solutions to put all the benefits of the cloud at your disposal.