The main reasons behind the increasing adoption of cloud technology are the massive scalability and reduced operating costs offered by cloud services. Public cloud is a multi-tenant environment where computer space is shared with many customers. Enterprises worldwide are gradually adopting public cloud to create, test, and release quality software products. Moreover, several governments across the globe are focused on replacing conventional systems with cloud technologies to gain traction in the market. For instance, in the early to mid-2010s, the U.S. government adopted 'cloud-first' policy to speed up adoption of cloud technologies.
Now, as the 2020s unfold, state government IT leaders are again taking a page from the federal playbook and are pivoting to Cloud Smart policies. Such government initiatives are expected to aid in the public cloud market growth. The adoption of public cloud is growing rapidly around the world due to the cost competitiveness offered in the market. Moreover, growing volume of data and computing of intensive workloads due to the emergence of enterprise trends such as Artificial Intelligence (AI), Internet of Things (IoT), Choose your own device (CYOD), and Bring your own device (BYOD) are expected to create a conducive environment for the public cloud market growth.
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