By Samit Banerjee, Department President, Amdocs
As the world evolves to cope with the changes caused by the COVID-19 pandemic, existing business models – from supply chains to sales – are being redesigned to achieve new levels of resilience, agility, productivity, and secure end-user reach .
This transition is based on cloud technology, which has become a key element in reshaping the business ecosystem. This is all the more true as it has developed rapidly in recent years and has become more reliable, scalable and flexible in recent years.
While cloud-based solutions were already in play, the pandemic-induced acceleration of adoption has overwhelmed fence sitters and slow users. In fact, Forrester Research expects the global cloud computing market to grow from $ 371.4 billion in 2020 to $ 832.1 billion in 2025, with the global public cloud infrastructure market at Expected to grow 35% to $ 120 billion in 2021.