In a rapidly evolving world, digital transformation is a key enabler in effectively modernizing and streamlining business operations. A focal point in digital transformation is the increasing adoption of Cloud Communications. Companies are expanding their utilization of cloud computing for telecommunications, applications, switching, and storage.
Consider the numbers: experts predict that the public cloud infrastructure market will grow to 35% over the course of 2021 with a value of $120 billion. This is projected to grow to $500 billion by 2023. Since migrating to the cloud, 94% of businesses have reported increased online security. This year alone, 30% of companies have increased their IT spending in cloud computing, security and risk management, network, and mobility. IT professionals have declared that platform and service flexibility are among the top benefits of adapting multi-cloud platforms utilization, with disaster recovery, information access and management, and content delivery applications the top priorities for most businesses.