Now is the right time to accept digitization completely as none of us can get out of our houses due to the Covid-19 pandemic. Online working and building connections seem to be the new normal in today’s time. Cloud services seem to be an ideal option for managing businesses and set a new trend in the market.
What is a Cloud Application?
This program depends on remote servers for developing logic that is further accessed via a web browser with a stable internet connection. Further, cloud servers are located at a remote data center that is operated by a third party. Cloud applications may comprise file sharing and storage, email, order entry, word processing, inventory management, data collection, CRM (Customer Relationship Management), or financial accounting aspects. Also, the cloud application acts as a standard website from the user’s point of view. However, data processing and computing are handled by the cloud through an application program interface (API) or a hybrid of both.
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What are the Types of Cloud Services?
Three main types of the cloud application are as follows:
- Software-as-a-Service (SaaS):
Software-as-a-service is a famous type of cloud computing that offers web applications, the platform, and IT infrastructure to the users. SaaS decreases user’s upfront expenses by eradicating the necessity to purchase or invest software permanently in a strong on-premise IT infrastructure. However, users have the option to invest in fast network hardware as the performance of the service depends on internet connectivity. Examples of SaaS are Microsoft Office 365 and Google Docs. Also, this includes human resource software, customer relationship management methods, content management systems, and IDEs (Integrated Development Environment)
This is an ideal platform for all individuals or businesses that encompass:
- Favor software models for subscriptions
- Hindrances that include minimal customization
- Exclude maintenance of platforms, infrastructure, and software
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- Platform-as-a-Service (PaaS)
Platform-as-a-service provides a platform to run, develop, and manage applications without undergoing the process of maintaining and building infrastructure or environment needed to run companies. Further, PaaS offers hardware and software applications to the users from a third-party service provider. One can control data and apps of the PaaS platform, thus making it an ideal solution for programmers and developers. For example, a developer can use PaaS as the base to generate various applications that mergers with an existing database already used by your company.
- Infrastructure-as-a-Service (IaaS)
Infrastructure-as-a-service signifies that a provider will manage infrastructure for you. This consists of network, actual servers, virtualization, and storage via a private or public cloud. One can access infrastructure via a dashboard or API (Application Programming Interface). Furthermore, one can handle operating systems, middleware, and apps while a service provider such as Microsoft Azure or AWS offers hardware, hard drives, networking, servers, and storage. Also, IaaS is responsible for managing repairs, outages, and hardware problems.
Benefits of Using Cloud Application
Some of the noteworthy advantages of utilizing the cloud in handling companies and our work are as follows:
- Simple operation
- Quick response to business requirements
- Instant scalability
- Application Programming Interface (API) usage
- Decreased costs
- Gradual adoption
- Enhanced data security and sharing
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Covid-19 Impact and Future Scope of the Cloud Application Market
According to a report offered by Research Dive, the global cloud application market is anticipated to augment at a CAGR of 18.0% from 2019 to 2026 timeframe. The cloud application is projected to leave a positive impact during the Covid-19 pandemic as the majority of the organizations have opted for work-from-home. Moreover, a sudden boost in the demand for cloud services by companies is also driving the market growth during the coronavirus pandemic. Cloud providers like Google, UKCloud, and Microsoft have released statements to meet customer demands and needs. All the above-mentioned facets are pushing the market forward amidst the novel coronavirus outbreak.
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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