Over the past several years, the public cloud computing market has grown tremendously. It has seen a rise from $87 billion in 2015 to $146 billion in 2017 and is expected to reach $236 billion by the end of 2020. A recent survey by Gartner also suggests that one in every three organizations see cloud investments as their top three investment priority. Also, by the end of this year, around 30 percent of new investments by technology providers are expected to shift from cloud-first strategies to cloud-only initiatives, suggesting a rise of subscription-based service, and a steep decline in the license-based software and service consumption model.
All major cloud service providers including AWS, Google Cloud, Microsoft Azure, Oracle Cloud, and IBM Cloud/Red Hat have made considerable investments in new technologies like containers, serverless. and edge computing, combined with machine learning and artificial intelligence, to redefine the ways businesses operate globally. Here are some highlights of the recent news and developments from major public cloud computing vendors.
To read the entire article, please click on http://techgenix.com/public-cloud-computing/
