Multi-access edge computing spend to reach $23 billion globally by 2027

A new study from Juniper Research has predicted that global MEC (Multi-access Edge Computing) spend will grow from $8.8 billion in 2022, to $22.7 billion by 2027.

This growth of 260% will be driven by increasing requirements for on-premises machine learning and low-latency connectivity; enabled by 5G technology.

MEC is a network architecture that moves processing power and digital content to mobile network edges to provide lower latency and faster processing to end...

More than 90% of businesses are unable to properly succeed in the Data Economy

A man sitting on giant coins.

Just 6% of businesses globally use, access, and share data in a way that grants them all the business benefits provided by a robust data strategy, according to new research from Snowflake, the Data Cloud company.

The study of 1,000 business leaders and technology managers highlights the significant hurdles that the majority of organisations face in participating fully in the Data Economy.

The Data Economy, as defined by Snowflake, enables businesses to tackle the most...

Evolution of cybercriminals’ attacks on cloud native environments revealed

A graphic of a padlock.

Attackers are finding new ways to target cloud native environments, according to Nautilus, the threat research team of cloud native security provider, Aqua Security.

The team's latest research shows that adversaries are adopting more sophisticated techniques, leveraging multiple attack components, and shifting attention to Kubernetes and the software supply chain. The “2022 Cloud Native Threat Report: Tracking Software Supply Chain and Kubernetes Attacks and Techniques”...

UK firms ‘have limited awareness’ of cloud native security

A padlock on a shed.

Around a third of companies say that between 50-75% of their apps are cloud native, yet 20% have no cloud native security strategy in place.

This is according to a study by Aqua Security, which also found that 68.3% of respondents to its survey also admit that they are not familiar with the term CNAPP (Cloud Native Application Platform Protection), the cloud native security concept introduced by analyst firm, Gartner.

Paul Calatayud, CISO at Aqua Security, said: “As...

Misconfiguration was the number one cause of cloud-security incidents in 2021

As organisations continue to adopt the cloud, with 35% running more than 50% of their workloads on the likes of Azure, AWS and GCP, they struggle to manage the complexity of securing their cloud infrastructures across multiple cloud platforms, while also suffering a cyber-skills and knowledge shortage.

This is one of the key findings from the 2022 Cloud Security Report from cybsersecurity solutions provider Check Point Software Technologies.

The global report, based on a...

Emissions to become key factor in cloud buying decisions by 2025

Carbon Emissions

Carbon emissions data will be a major factor in cloud purchasing decisions by 2025, according to technology research and consultancy firm Gartner.

With sustainability concerns becoming increasingly important to consumers, the market researcher suspects carbon emissions will be a top-three criterion in the next three years.

If so, this puts the hyperscaling cloud services giants under even more pressure to ensure their data centres are running in an environmentally...

Imperial College and UAE institute partner for cloud security research

Data Centre

Imperial College London is partnering with the Technology Innovation Institute (TII) in Abu Dhabi to develop a new operating system (OS) designed with cloud security in mind.

According to Professor Peter Pietzuch of the Imperial College Department of Computing, the devices and OS typically used to host cloud services in data centres today have outdated security features.

“Security has not changed much from traditional operating systems that pre-date the internet and...

Global cloud computing market to reach nearly £600bn by 2028

Globalisation

The global cloud computing market is expected to reach $791.5 billion (£578.8bn) in size by 2028, more than three times its current 2021 valuation of $250 billion (£182.8bn).

Charting the market’s expected growth, Fortune Business Insights found in its report, titled “Cloud Computing Market, 2021-2028”, that the period will see a 17.9% compound annual growth rate (CAGR).

The report profiles major international corporations involved in cloud computing, such as...

Cloud computing market to reach £1.17 trillion by 2030

Clouds from space

The global cloud services market is expected to garner £1.17 trillion by 2030, a 398% increase over its 2019 value of £235 billion.

This is accoring to a report by Allied Market Research (AMR), which predicts a combined annual growth rate (CAGR) of 15.8% from 2021 to 2030.

One key takeaway from the report is that cost effectiveness is the most important factor driving the global cloud market. AMR claims that deployment of cloud services can cut more than 35% of...

Cloud account compromises costs organisations £4.5m annually

An open padlock.

The average cost of cloud account compromises reached $6.2 million (£4.5m) over a 12-month period according to more than 600 IT and IT security professionals in the US.

This finding is the most revealing of many from a new report on ‘The Cost of Cloud Compromise and Shadow IT’ released by Proofpoint, a cybersecurity and compliance company, and the Ponemon Institute, an IT security research organisation.

Of the respondents, 68% believe cloud account takeovers present...