The latest News and Information on Cloud monitoring, security and related technologies.
Organizations using Amazon Web Services (AWS) cloud traditionally leveraged Reserved Instances (RI) to realize cost savings by committing to the use of a specific instance type and operating system within the AWS region. Nearly 2 years ago, AWS rolled out a new program called Savings Plans, which give companies a new way to reduce costs by making an advanced commitment of a one-year or three-year fixed term.
Fourteen billion dollars – that’s the projected global market size for serverless, which is supposed to grow by about 26 percent annually in the next few years, according to the recent Global Serverless Architecture Market report. The fast pace of adoption of serverless is hardly surprising because the technology can save significant costs for companies. It can enable them to build and deploy software and digital products without providing and maintaining any virtual or physical servers.
The cloud is today one of the most expensive resources for any modern organization, second only to employee salaries and overhead. According to recent research by Gartner, end-user spending on public cloud services will reach $396 billion in 2021 and grow 21.7% to reach $482 billion in 2022. By 2026, Gartner predicts public cloud spending will exceed 45% of all enterprise IT spending, up from less than 17% in 2021.