How Multi-Cloud Computing Can Help Businesses Do More with Less
The adoption of multi-cloud strategies has become increasingly prevalent among organisations, driven by the growing demand for cloud computing services and the need to accommodate expanding workloads. Multi-cloud strategies involve the utilisation of multiple cloud providers, including public and private clouds or a combination of both. This approach allows businesses to create a robust digital infrastructure that supports their mission and growth objectives by harnessing the strengths of various cloud partners, such as AWS, Azure, and Google Cloud.
Multi-cloud strategies offer several advantages, enabling companies to diversify and invest in different sectors. These solutions, often implemented using Kubernetes, facilitate the development of applications tailored to various computing conditions. Additionally, multi-cloud environments can be seamlessly integrated with DevOps practices, microservices architecture, containerization, and other cloud-centric applications, enhancing cost-efficiency, security, regulatory compliance, network performance, and innovation.
In comparison to hybrid cloud strategies, which can be managed through a single platform, multi-cloud strategies require control from multiple providers. IT professionals tasked with implementing multi-cloud management strategies must be well-versed in the strengths and weaknesses of each platform. The key techniques for shaping effective multi-cloud management strategies include monitoring consolidation, standardisation, and management consolidation. These strategies provide flexibility in choosing the most suitable computing environment for each task, aligning with principles of agility, resilience, and efficiency.
Recent studies indicate a significant adoption of multi-cloud strategies, with 81% of public cloud users leveraging two or more cloud providers. The primary driver behind this trend is the dominance of major cloud vendors in the public cloud services sector. Market reports also identify governance, sourcing, and architecture as key factors motivating organizations to embrace multi-cloud computing.
According to Global Market Insights, the multi-cloud management market is expected to reach $87.3 billion by 2032, with a compound annual growth rate (CAGR) of 25% between 2023 and 2032. A survey conducted by HashiCorp revealed that 76% of platforms were already implementing multi-cloud computing strategies, with one in four businesses utilising this approach. The survey also found that the adoption of multi-cloud strategies is influenced by the size of a corporation”s workforce and operations.
Multi-cloud environments are projected to be cost-effective in 85% of cases compared to other public cloud deployments. This investment is akin to resource allocation across portfolios, ensuring IT resilience, cost optimisation, and adaptability.
Looking ahead, multi-cloud computing is set to shape the future of enterprise IT. A combination of multi-cloud and sovereign cloud computing mechanisms will enable organisations to provide various products and services while adhering to international regulatory guidelines. As technology continues to advance, cloud computing, including hybrid and multi-cloud settings, edge computing, AI, ML, and security, will play a significant role in shaping our future.
Multi-cloud strategies offer organisations a versatile and efficient approach to cloud computing, aligning with their growth objectives and providing the agility needed to thrive in an ever-evolving digital landscape.
