Welcome to this week’s edition of CloudBolt’s Weekly CloudNews!
Laim Tung, ZDNet, November 2, 2022
“Tech analyst Gartner is predicting that spending on public cloud computing services will grow 20.7% in 2023 to $591.8 billion – up from the $490 billion predicted for 2022, which Gartner says represents a growth rate of 18.8%. Amazon’s latest forward-looking statement lists COVID-19, exchange rates, geopolitical tensions, recession, inflation, interest rates, global labor shortages and supply chain issues, world events, the rate of growth of the internet, e-commerce and cloud as factors impacting its guidance. Gartner’s analysts offer an outlook for public cloud spending, which reflects some of this uncertainty.
“Current inflationary pressures and macroeconomic conditions are having a push and pull effect on cloud spending,’ Sid Nag, vice president analyst at Gartner, said in a press release. ‘Cloud computing will continue to be a bastion of safety and innovation, supporting growth during uncertain times due to its agile, elastic and scalable nature.’ Gartner’s current forecast for public cloud spending includes cloud business process services, cloud application infrastructure services, cloud application services, cloud management and security services, cloud system infrastructure services, and desktop-as-a-service. Nag still sees spending on public cloud rising despite growth, profitability and competition pressures. There’s also an element of lock-in, not to a specific vendor but by shifting workloads to the cloud, after which they are unlikely to move back to on-premise systems.” READ MORE
Peter Vetere, InfoWorld, November 1, 2022
“Wasm is a good match for cloud because it’s virtualized and can work in any environment that supports the Wasm runtime. Wasm is secure: Lowering risk with its approach to running code and representing functions.Whether on the server or on the edge, Wasm lets you create custom logic that runs much closer to the data than it could before—and you can do it securely, efficiently, and with greater flexibility.” READ MORE