Introduction

As we continue to navigate the ever-evolving landscape of cloud computing, one thing is certain: the importance of effective cloud governance cannot be overstated. Cloud governance is the set of policies, procedures, and standards that ensure an organization’s cloud-based systems and data are secure, compliant, and properly managed. In this blog post, we will explore the current industry trends in cloud governance and what they mean for the future of cloud computing.

According to a report by Gartner, the global cloud computing market is projected to reach $525 billion by 2025, growing at a compound annual growth rate (CAGR) of 18%. As more and more organizations move their operations to the cloud, the need for effective cloud governance will only continue to grow. In fact, a survey by Cloud Security Alliance found that 71% of organizations consider cloud governance to be a critical component of their overall cloud strategy.

Section 1: Security and Compliance in the Cloud

One of the top priorities for any organization operating in the cloud is security and compliance. This includes ensuring that data is properly encrypted, that access controls are in place, and that all relevant regulatory requirements are met. In recent years, we have seen a growing trend towards Zero Trust architecture, which assumes that all users and devices are untrusted and must be verified before being granted access to cloud resources.

Another key trend in cloud security is the use of cloud security gateways (CSGs). CSGs act as a single entry point for cloud traffic and provide advanced threat protection, data encryption, and access controls. According to a report by MarketsandMarkets, the global CSG market is expected to grow from $1.2 billion in 2020 to $5.6 billion by 2025, at a CAGR of 33.5%.

Section 2: Cloud Cost Optimization and Management

As organizations continue to move more and more workloads to the cloud, managing cloud costs has become a major concern. According to a report by ParkMyCloud, the average organization wastes around 35% of its cloud spend due to inefficient resource usage and poor cost management. To address this issue, many organizations are turning to cloud cost optimization and management tools.

These tools provide real-time visibility into cloud spending, automate resource optimization, and provide predictive analytics to help organizations optimize their cloud deployments. According to a report by 451 Research, the global cloud cost optimization market is expected to grow from $500 million in 2020 to $2.5 billion by 2025, at a CAGR of 35%.

Section 3: Cloud Governance Frameworks and Standards

In recent years, we have seen a growing trend towards the adoption of cloud governance frameworks and standards. These frameworks provide a structured approach to cloud governance, ensuring that organizations have a clear set of policies, procedures, and standards in place to manage their cloud environments.

One of the most widely adopted cloud governance frameworks is the Cloud Security Alliance (CSA) Cloud Controls Matrix (CCM). The CCM provides a comprehensive set of cloud security controls that organizations can use to manage their cloud deployments. According to a report by CSA, over 75% of organizations use the CCM as part of their cloud governance strategy.

As cloud computing continues to evolve, we are seeing a number of emerging trends in cloud governance. One of the most significant is the use of artificial intelligence (AI) and machine learning (ML) to automate cloud governance tasks. According to a report by Gartner, AI and ML will play a critical role in cloud governance by 2023, with over 75% of organizations using these technologies to automate cloud security and compliance.

Another emerging trend is the use of serverless computing, which allows organizations to build and deploy cloud applications without worrying about the underlying infrastructure. According to a report by MarketsandMarkets, the global serverless computing market is expected to grow from $1.5 billion in 2020 to $13.7 billion by 2025, at a CAGR of 32.5%.

Conclusion

As we look to the future of cloud computing, it is clear that effective cloud governance will play a critical role in ensuring the security, compliance, and cost-effectiveness of cloud deployments. From security and compliance to cost optimization and management, there are many trends shaping the cloud governance landscape.

We would love to hear your thoughts on the current state of cloud governance and what trends you see shaping the future of cloud computing. Leave a comment below and join the conversation!

References:

  • Gartner, “Market Share Analysis: IT Services, 2020”
  • Cloud Security Alliance, “2020 Cloud Governance Survey”
  • MarketsandMarkets, “Cloud Security Gateways Market by Component, Service, Organization Size, and Industry Vertical - Global Forecast to 2025”
  • ParkMyCloud, “2020 Cloud Waste Report”
  • 451 Research, “Cloud Cost Optimization Market Map 2020”
  • Cloud Security Alliance, “Cloud Controls Matrix (CCM)”
  • Gartner, “Emerging Trends in Cloud Governance”
  • MarketsandMarkets, “Serverless Computing Market by Service Model, Deployment Model, Organization Size, and Industry Vertical - Global Forecast to 2025”