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More Industries Have Moved To The Cloud At A Steadily Increasing Rate

67% of enterprise infrastructure is cloud-based. An increasing number of businesses have been adopting cloud-based solutions since the beginning of the pandemic and don’t show any signs of slowing in their uptake of cloud-based solutions.

How is cloud-based technology helping major business sectors, and how quickly is the market growing? Keep reading to learn about the emergence of cloud-based technologies in the post-pandemic climate.

Photo by Christopher Gower on Unsplash

Cloud Market Growth

The pandemic forced businesses to turn to cloud-based technologies to keep their businesses operational and profitable while employees work from home. This caused a significant shift in the cloud market. 

Based on a 5-year compound annual growth rate (CAGR) of 17.5%, the cloud market is expected to grow from $225 billion in 2019 to $500 billion by 2023. Cloud market growth does not show any signs of slowing as more cloud-based technologies emerge to increase convenience, remote collaboration, and remote management across many major business sectors.

Cloud-Based Technologies Appear In Most Major Business Sectors

Cloud-based technologies are implemented in most major business sectors and can increase convenience in many different departments.

Hospitals

Cloud-based technologies are revolutionizing how hospitals handle patient data and perform daily operations. Here are just a few examples of the uses of cloud-based technologies in the hospital sector:

Supply Chain And Logistics

Warehouses and supply chain businesses benefit from cloud-based technologies’ capabilities, allowing for more accurate data and increased insight into warehousing operations.

Here’s how supply chain and logistics companies are benefiting from cloud-based technologies:

Education

Cloud-based technologies increase students’ educational autonomy and make learning resources more accessible. Here are some of the ways educators are implementing cloud-based technologies:

Emerging Cloud-Enabled Technologies 

Cloud-based technologies perform many functions. Below are some of the most popular emerging cloud-enabled technologies that can improve daily operations in most business sectors.

Summary

Cloud-based technologies continue to grow following the pandemic as more technologies become available. The benefits of cloud-based technologies aren’t sector-specific, and many sectors are implementing cloud solutions to improve accessibility and collaboration. 

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