Explore the Emerging Technologies of Cloud Storage System that Makes the Business Stand Out

Cloud storage technology, often referred as cloud computing, is a next generation process of storing data and delivering IT services such as analytics, databases, networks, servers, and others via internet. There are three types of cloud technologies i.e. public, private and hybrid, among which public cloud computing is the most common and popular one. Icedrive, pCloud, Sync, mega, workdrive and others are few popular free cloud storage. 

Advantages of using the Cloud:-

• Cost efficiency: Businesses who adopt cloud computing system, especially Software as a Service (SaaS) do not have to pay the utility cost. Moreover, it may reduce the cost of management and maintenance of IT systems. Business with cloud do not need to buy equipment for an entire IT department to upgrade infrastructure.
• Speed, Flexibility and Productivity: The services are extremely fast, flexible and on demand. Businesses can respond to market conditions quickly and can become more productive by using the right tools through cloud system.
• Elastic Scaling: Elastic scaling offers the cloud user access to the right amount of storage, power, processing, bandwidth and other resources.
• Facilitates Employee Collaboration: Cloud computing offer better access of data files to employees, contractors and third parties, while working on projects across multiple locations. Through platforms like Microsoft teams, webex, zoom and others, employees can have a better communication and collaboration in real time with colleagues.
• Business Continuity: Having your data stored in the cloud works as a backup option. It ensures security and protection of business data, thereby, makes it easier for businesses to recover from natural disasters, power failure or other crisis.

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Latest Technologies in Cloud Computing:-

• Edge: Edge computing, one of the best cloud storage system, brings computation and data storage as close as to the data source or user, thus, minimizes latency, ease maintenance, enhances response times and saves bandwidth.
• Server less: It is a cloud computing execution model, often referred as Function as a Service (FaaS), in which the provider assign resources on demand and take care of the servers on behalf of the user. This in turn, helps developers devote their time and energy to coding.
• SASE: Secure Access Service Edge is a network architecture that is capable of enhancing the remote access through WAN functions and cloud assets. These cloud assets include secure web gateways, zero trust network access, cloud access security brokers and others.
• Cloud Migration and Data Privacy:  Due to the outbreak of the COVID-19 pandemic, most of the enterprises have adopted work from home policies. With more number of people working remotely, cloud migration and data privacy has become extremely important.
• Multi-cloud: In order to stay competitive in the market, some cloud platform providers have started working in partnerships. This type of multi-cloud arrangements is also known as joint cloud provider offers.

According to a report published by Allied Market Research, the cloud storage market size is registered to reach $222.25 billion with a considerable CAGR from 2020 to 2027. North America is currently dominating the market. With significant cloud adoption among enterprises across the world is expected to provide huge growth prospects to the cloud storage market in the near future.

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