Cloud Technology News of the Month: November 2022

The cloud industry continues to grow despite economic downturns, with 81% of IT leaders instructed by their C-suite to reduce or not add additional cloud spending. Cloud providers are proactively helping customers optimize costs, and the cloud remains a cost-efficient option for businesses, especially those implementing effective cloud cost management tools. The market value of transactions on the AWS Marketplace was $1 billion in 2021, while Amazon invested $2.3 billion in data centers in Japan this year. Google Cloud grew by 38% YoY, making it the only provider to accelerate growth over Q2 2022. However, companies are increasingly concerned about cloud cost opacity due to multicloud and AI initiatives. Cloud providers are also expanding into new areas such as automobiles, while security remains a pressing concern with developer-first security becoming an essential aspect of cloud security. CAST AI helps automate Kubernetes and reduce cloud costs by 65% on average.

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