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kristinevog authored Feb 10, 2024
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tags: Cloud DevOps MultiCloud hybridcloud Pulumi
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Get ready for 2024—the year of Cloud Optimization. Several converging trends will redefine the landscape, driving innovation, efficiency, and scalability for years to come. From Infrastructure as Code (IaC), AI/ML, and #Kubernetes to platform engineering and security practices, let's explore the 10 trends shaping 2024 and beyond.

#Cloud #DevOps #MultiCloud #hybridcloud

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## 10 Trends Shaping 2024 and Beyond
In 2024, several trends are expected to dominate cloud computing, driving innovation, efficiency, and scalability. From Infrastructure as Code (IaC) to AI/ML and security practices, let's explore the 10 biggest emerging trends:
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### 1. Cloud Will Become a Business Necessity by 2028

According to Gartner, cloud adoption will move from being a technology disruptor to a necessity for maintaining business competitiveness. In 2024, worldwide end-user spending on public cloud services is forecast to total $679 billion and is projected to exceed $1 trillion in 2027.

According to McKinsey & Company's "In search of cloud value" report:

Cloud enables businesses to innovate, which is worth more than x5 what is possible by simply reducing costs. </br>
The anticipated increase in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) attributable to cloud adoption is projected to range between 20% and 30% by the year 2030 - but it's expected to vary across different sectors. </br>
Asian companies have the most to gain from the cloud, with $1.2 trillion in EBITDA. American institutions stand to capture about $1.1 trillion in cloud value, while European institutions are at $773 billion due to regulatory constraints.</br>
Companies that have captured the most ROI consistently do 3 things well: 1/ work closely with business leaders to focus on high-value business cases, 2/ build a robust cloud foundation, and 3/ adopt a product-oriented operating model. </br>
Cloud enables businesses to innovate, which is worth more than x5 what is possible by simply reducing costs.</br>
The anticipated increase in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) attributable to cloud adoption is projected to range between 20% and 30% by the year 2030, but it's expected to vary across different sectors.</br>
Asian companies have the most to gain from the cloud, with $1.2 trillion in EBITDA. American institutions stand to capture about $1.1 trillion in cloud value, while European institutions are at $773 billion due to regulatory constraints.</br>

### 2. Large Organizations with Multi-Cloud and Hybrid Environments
Multi-cloud and Hybrid (mixing cloud and on-premise infrastructure) environments are a trend that is here to stay. According to Forbes, by 2024, 85% of large-sized companies will have a multi-cloud strategy. Organizations recognize the importance of leveraging multiple cloud providers and on-premises infrastructure to optimize performance, enhance redundancy, and mitigate risks.

Credit: Cisco Systems
The following trends also relate to this multi-cloud and hybrid approach as companies seek ways to balance flexibility and cost while increasing overall productivity with security and compliance in mind.

### 3. Infrastructure as Code (IaC) Crucial for Scalability
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