As businesses worldwide navigate the evolving digital landscape, the shift from traditional public cloud solutions to more customized storage strategies has become increasingly pronounced.
In 2021, the valuation of the global database as a service market was projected to be valued at $149 billion. It is forecasted to expand at a 12.61% compound annual growth rate (CAGR).
This advance promises to unlock the transformative potential of cloud-based quantum computing and is detailed in a new study published in the influential U.S. scientific journal Physical Review Letters.
According to the IDC Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment, spending on compute and storage infrastructure products for cloud deployments increased 18.5% year over year in Q4 2023 to $31.8 billion.
Early adopters of Earth-2 APIs include weather analytics platform companies like Spire and Meteomatics, which can build on their proprietary data sources to produce accurate forecasts.
With the tech sector accounting for 2-4% of global GHG emissions and 7% of worldwide power consumption, hyperscalers and managed cloud service providers are responsible for a considerable proportion of the total.
In the recent investigation conducted by Ofcom, a notable concern was the considerable costs when transferring data to or from a cloud service provider's network — aka “the hidden fees.”