In a rather unexpected forecast, Forrester projected the public cloud to hit a hallmark of $ 1 trillion by 2026. That’s a bold claim, considering recent perceptions of the public cloud.
According to online trends and conversations on the future of cloud technology, there is a cloud hanging over the cost benefits. In a Wall Street Journal post, Carharrt’s Chief Information Officer, Katrina Augusti, discussed the increasing difficulties in keeping her company aligned with the cost of operating on the cloud.
Unfortunately, she isn’t the only one with such complaints. Basecamp’s David recently announced the company’s intention to leave the cloud.
Here’s what we know if you’re wondering what’s going in with the public cloud.
What Is the Current Status of the Public Cloud?
It is still very functional and progressively innovative. It is so good that the public cloud service market is expected to hit $591 billion before 2023 runs out. Well, that’s a long and incredible stride from 2017’s $145 billion.
The above figures show a five to six years projection that has proven feasible over the past couple of years. So there is no default in the technical operations of the public cloud, plus there are more public users than ever before.
With these figures, one might be tempted to dispose of Katrina’s claim regarding the high cost of running the public cloud. But wait, let’s have a quick look at the cost.
How Much Does the Public Cloud Cost?
There is no definite way to ascertain how much a subscription costs on the average scale. The prices and payment plans vary per provider.
However, we know that Amazon, Microsoft, and Google are the most significant cloud service providers, with over 65% of the market value shared between them. Their services are relatively affordable in comparison to the promised benefits. When incorporated on a larger scale, it is the exact opposite of cost-effective.
Here’s a more detailed analysis of the decline in cloud cost-effectiveness.
In the meantime, we might have a possible solution.
Which Is More Cost-Effective, Colocation or Cloud?
There has always been an unusual comparison between cloud services and data center colocation. It’s often presented as cloud vs. colocation.
While both concepts are different, they’re more intertwined than we think. The public cloud works through the mechanism and resources provided by third-party servers like Amazon. At the same time, colocation enables the provision of space and maintenance for users’ servers through a third-party data center.
Interestingly, quite a large proportion of colocated servers are designated for cloud computing services, which makes both concepts reliant on each other. However, a rise in public cloud costs doesn’t inflate the primary data center colocation plan.
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