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Do businesses rely too much on cloud computing?

August 21, 2019 / Jann Chambers

The cloud computing industry has seen huge growth in the past nine years, considerably more so than what was anticipated. In 2018, as many as 96 percent of businesses utilized it in some way.In 2010,  the cloud computing industry was worth approximately $24.50 billion. Now, in 2019, it is worth over $100 billion, and it keeps on growing. Its predicted that by the time 2020 rolls around, the industry will be worth a massive $150 billion. In 2018, 26 percent of businesses spent $6 million on public cloud consumption.Despite these seemingly large costs, public cloud-based storage options can actually save businesses significant amounts of money. By choosing cloud computing, businesses can scale their usage up and down to fit their requirements. This means they are only paying for the storage they need.Another advantage of cloud storage is that it eliminates the need for costly in-house servers and hardware. There are also free cloud-based VPS hosting services out there such as these ...