Online Gaming: The Rise of a Multi-Billion Dollar Industry – Visual Capitalist

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Cloud computing continues to be on the rise, and for good reason. Its transformed our digital experience in numerous ways, from how we store data to the way we share information online with others.

Growth in cloud services is showing no signs of slowing down, particularly in the data storage realmby 2025, almost half of the worlds stored data will reside in public cloud environments. Yet, despite its increasing popularity among consumers and businesses alike, do people really understand what the cloud fully entails? Or better yet, what the cloud even is?

Todays infographic from Raconteur provides an overview of the fast-changing cloud computing landscape, showcasing the industrys growth and its evolution in scale. It also touches on whats next for the cloud.

Put simply, cloud computing is a network of remote servers that provides customers with a number of offerings, including data storage, processing power, and apps. Its usually delivered on a pay-per-use basis.

Cloud computing can be broken down into three categories:

Cloud computing has its obstacles, such as security and privacy risks. Yet, the cloud continues to entice consumers by offering a new level of accessibility to their online experience.

This accessibility has also drastically changed the working world. The cloud allows users to access company servers from anywhere globally, and to share documents and information with colleagues quickly. Because of this, its become a key part of remote work.

Cloud services are seeing significant growth, and the big tech companies are its backbone.

In fact, four major players combine to dominate almost 60% of the clouds infrastructure. Heres a look at the cloud market breakdown in 2019, and annual growth compared to 2018:

Its no surprise that U.S. companies dominate the cloud service market since the country currently has the largest share of global cloud storage worldwide. Yet, the concentration of cloud storage is predicted to even out in the next few yearsby 2025, the U.S. portion of public cloud storage will drop from 51% to 31%, while Chinas will increase from just 6% to 13%.

The cloud has changed the way we use the internet. It has influenced the way we share information, our ability to work remotely, and how we store our data.

And these services are much needed, as our use of data and the internet continues to scale up. By 2025, an average internet user will have around 4,909 data interactions per day, an increase from 1,426 in the year 2020.

At the same time, the scale of global datasphere is expected to be five times bigger in 2025 than it was in 2018, growing from 33 zettabytes to 175 zettabytes. Each zettabyte, by the way, is equal to 1 trillion gigabytes.

With data taking an ever more important role in our lives, the cloud is becoming an indispensable part of business, technology, and society as a whole.

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Online Gaming: The Rise of a Multi-Billion Dollar Industry - Visual Capitalist

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