Cloud Technology Trends and Predictions for 2024

As we venture into 2024, several key technology trends are poised to revolutionize the technological landscape, offering innovative solutions and transformative benefits for businesses and organizations across various industries. As cloud computing matures and becomes more pervasive, new and emerging technologies are driving the evolution and transformation of the cloud landscape. These technologies enable new capabilities, applications, and business models that leverage the power of the cloud.

In this paper, we shall briefly explore some of the key cloud technology trends and predictions for 2024 and why they are important for customers, industry verticals, and cloud service providers. These trends encompass advancements in key themes such as artificial intelligence, edge computing, multi-cloud and hybrid cloud strategies, data management, cloud security, cost management and cloud governance and compliance. While these trends are based on previous developments, their evolution and business impact will depend on technological advancements, market demands, and regulatory changes.

According to Gartner, the global public cloud services market is expected to grow to $501.3 billion in 2024, based on a compound annual growth rate (CAGR) of 18.4%.

To assess the most current trends and their relevance to your business in 2024, we have referred to the latest industry reports, expert analyses, analyst articles and cloud service providers’ insights. Take a look at how you can embrace the change and stay ahead with this detailed paper on cloud technology and trends.