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5 Key Trends in Cloud Computing in 2023

Ritvik Gupta
Ritvik Gupta
26 Feb 20244 mins read
Application and cloud
Leadership and productivity
Talent onboarding and operations

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Application and cloud
Leadership and productivity
Talent onboarding and operations

Cloud computing has become one of the fastest-emerging technologies in the IT industry. Though the technology has been around for over a decade, its usage has increased exponentially in recent years. Considering this upward trend, cloud computing is bound to become the most talked about technology in 2023. 

Before we take a look at the major trends, here are some interesting stats about the cloud computing market:

  • The cloud computing market is expected to reach over $1 trillion by 2028. 
  • Within a span of 10 years, i.e., between 2010 to 2020, the market grew by a massive 635 percent.
  • As per stats, an organization can save up to 40 percent by migrating to cloud computing. 
  • A survey by Accenture revealed that companies could save up to 64 percent in their energy consumption costs and reduce their carbon emissions by up to 64 percent by migrating to cloud computing!
Ritvik Gupta

Ritvik Gupta

Ritvik is a copywriter and content writer who has worked with fast-scaling startups such as GoMechanic and Pitstop. He runs his own automotive blog as well.

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