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Challenges of Cloud Computing: 5 Things to Watch Out for in 2018

Today, businesses all around the globe have realized the enormous potential of cloud computing and have welcomed the technology with open arms. Cloud computing enables global collaboration and facilitates access to a pool of resources such as computer networks, apps, data, and services. The challenges of cloud computing are numerous, but the realization of the fact that it brings value to businesses has compelled organizations to transition to the cloud. Implementing cloud computing technology is no simple feat, it entails developing a comprehensive understanding of the benefits and the challenges of cloud computing. Like any other technology, implementing such solutions is not free from issues. But if you are unwilling to deal with them, you’ll never realize the value it can bring to your organization. That being said, here’s a list of some common challenges of cloud computing that businesses are facing this year:Ask An Analyst_IR

  1. Cost factor

Thanks to the growing popularity of the “pay as you go model, cloud computing has become affordable. However, customizing the cloud computing solution according to your business requirements is a pretty expensive affair. Since the cost of transferring data to the cloud is relatively high, smaller-sized businesses may find it challenging to make the transition to cloud computing. Though businesses can save huge amounts of money by moving their IT processes to the cloud, they have to invest in the additional bandwidth. This is one of the biggest challenges of cloud computing.

  1. Data security and supervision

One of the greatest challenges of cloud computing lies in ensuring the security and privacy of your business data. Even thinking about the fact that your company’s confidential data is hosted on an external server is enough to give you sleepless nights. Added to that, instances of hacking could expose the confidential data of your clients. To prevent this, you’ll have to invest heavily in tracking unusual activities, purchasing security tools for hardware, and using secure applications.

  1. Downtimes and reliability

Despite the rising popularity of cloud technologies, most service providers still lack the capability to offer round-the-clock services. Downtime is perhaps one of the most significant challenges of cloud computing. Even today, no service provider can offer you a platform that is free from possible downtimes. It is because of this issue that most small and medium-sizedAsk An Analyst_IR companies think twice before moving to the cloud.

  1. Portability issues

Despite the growing adoption of the “pay as you go model, some cloud service providers have a fixed “lock-in” period. This is one of the major challenges of cloud computing as most businesses prefer having the option to migrate in and out of the cloud and change service providers when they want to.

  1. Analyzing costs

Effectively analyzing and assessing the costs involved with the use of such solutions is perhaps one of the main challenges of cloud computing. The easy scalability offered by cloud computing solutions and its on-demand nature makes it all the more difficult to assess the costs involved in using a cloud computing solution. Extensive use of the service may exhaust the budget that you had allocated for several months. Therefore, it becomes quintessential for companies to avoid contracting and budgeting issues while procuring cloud computing solutions.


To know more about the challenges of cloud computing and strategies to mitigate them:

 

Market Entry Assessment for a Leading Cloud Services Provider

Despite the accelerated market growth, several cloud services providers face major challenges owing to the inability to effectively deliver and manage cloud solutions of different clients under one roof.

Cloud computing has been a major disruptive force in the ICT industry, making it one among the ‘must-have’ enterprise technologies. As organizations across sectors start looking at migrating to cloud platforms with an aim to power their core business strategies, the global market for cloud services is expected to witness growth in the years to come.

Moreover, effective handling of multiple cloud consumers while managing different functions such as- remote monitoring, application discovery, billing, provisioning, backup, invoicing, and ticketing act as major pain points for players operating in the cloud services market. Factors like these are compelling cloud services providers to invest and venture into alternative market segments to drive profits.

Learn more about our portfolio of services and how we help businesses formulate effective go-to-market strategies

Brochure CTAThe Business Challenge

  • The client: A cloud services provider

To expand their cloud-based offerings and develop better solutions, the client – a leading cloud services provider – approached Infiniti to engage in a market entry assessment. The client, being on the fastest-growing hosting services and cloud services providers, was looking at capturing higher market share in the new segment in a more cost-efficient manner.

The client wanted to conduct a market study to gain strategic insights into the global cloud services market. Their primary objective was to develop a new market entry plan to expand into the European market after having established their presence in the Australian market.

How Market Entry Assessment Helps Companies in the ICT Industry?[spacer height=”10px”]

The ICT industry is one of the most challenging sectors in the world. The shifting market dynamics, rapid technological developments, and growing competition are pressurizing firms to devise effective strategies.

With years of expertise, our market assessment experts and proven research methodologies assist you in identifying new market opportunities. Our solutions also help clients in developing and implementing robust business strategies with the help of well-informed business decisions that are supported by sound go-to-market methodologies.

Summary of our market entry assessment engagement

Cloud services

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Client Journey

Infiniti’s market entry assessment solutions helped the cloud services provider to enter into a new market segment that helped them increase sales, business stability, and brand recognition. Also, with the help of our solutions, the client was able to develop a win-win market entry strategy that involved a thorough analysis of multiple factors that affect market growth.

Furthermore, to help the client assess the market landscape and identify imminent market trends, the market research experts at Infiniti conducted a market entry assessment that offered valuable insights on decision-making procedures, market trends, and barriers. The approach included primary and secondary research methodologies coupled with qualitative and quantitative data collection procedures. The experts also reached out to various stakeholders in the cloud services market.

Solution Benefits and the Business Impact

Infiniti’s market entry experts offered a blended view of the various segments with the ICT industry and helped the cloud services provider identify and capitalize on the most profitable segment. In addition, the assessment assisted the client in identifying and assessing the innumerable challenges and entry barriers in the European market segment. It also helped them to redefine their market entry plan to meet the local market’s expectations.

The Future

With the cloud services market experiencing accelerated growth, it is natural that the demand for companies offering cloud services will increase in the coming years. Owing to the intense competitive pressure, several businesses are increasingly switching to cloud-based platforms to drive innovation, enhance productivity, and foster collaboration.

Moreover, as organizations across sectors are digitally transforming themselves it becomes essential for market players to identify and venture into newer market segments. To do so, the cloud services providers will have to focus on identifying the most profitable segments by redefining their business strategies to gain a blended view of the market.


Learn how industry experts at Infiniti Research can help you formulate better go to market strategies with in-depth actionable insights.

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