Modern cloud technologies for business and industry: Opportunities and trends for Russian & global markets

Igor Vladimirov, Alexander Vicentiy and Oleg Gavrilov
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Igor Vladimirov: Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia
Alexander Vicentiy: Federal Research Centre "Kola Science Centre of the Russian Academy of Sciences", Kola, Russia
Oleg Gavrilov: Faculty of Computational Informatics & Mathematics, Lomonosov Moscow State University, Moscow, Russia

Journal of Information Economics, 2024, vol. 1, issue 4, 1-10

Abstract: Cloud computing is one of the fastest growing domains of the IT industry, however, the growth rates for each of the models on a global and local (Russian) scale have not been generalized, despite the obvious value of such analysis. Modern business and industry in Russia is going through another period of instability and at the same time is forced to follow the trend of digitalization. That is why a balanced scientific analysis and forecast of the development of cloud technologies is needed, as the main factor in improving business efficiency. The purpose of the study: is to review the main models of cloud services for modern business and industry, describing their capabilities separately and the prospects for the market as a whole. The materials for the study were analytical reports of leading consulting companies and materials from specialized web-sites. Result: The article considers cloud technologies as the main global technological trend, describes popular models of cloud services, their opportunities for business and industry. Russian and global leaders in the provision of cloud services are also described, the growth rates of these markets for each of the models are indicated. The most popular and promising cloud service models in 2022 are: UCaaS, CaaS, SaaS, IaaS, RPAaaS, PaaS. The cloud technology market will show strong growth until 2030, generating both hybrid and absolutely new service models. The private business, industrial and public sectors will increasingly move to cloud services. The main trends in the development of cloud technologies until 2030 are: hybrid cloud, artificial intelligence (AI) and cloud computing, deployment of cloud services in the planetary orbit. The results obtained are very valuable for analysts and industry experts. The above trend analysis provides valuable predictive data to research economists, investors, business and industry leaders and other stakeholders on how the cloud services market will grow in the next 5-7 years. The results of the study also have a general theoretical nature, substantiating the importance of further forecasting the development of this market (especially using mathematical methods).

Keywords: Cloud technologies; UCaaS; CaaS; SaaS; IaaS; RPAaaS; IaC; PaaS; Models of cloud services; Cloud AI (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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