Is Cloud Computing a Good Career? The Numbers Explained

April 14, 2022by Robin

The world of technology is fast-paced and has seen its share of trends. Cloud computing has got to the point where almost everybody has used a cloud service at least once, and some rely on such services to keep a business running. But is cloud computing a promising career?

Cloud computing is a good career, as the industry is one of the most exciting areas of technology today. The demand for creative and innovative engineers to get the best cloud computing platform means salaries are high, and the future longevity of the sector is very healthy.

I’ll take you through how we got to the current state of cloud computing, as well as some figures to show the current size and potential future growth. We’ll also look at some cloud computing roles and their salaries to see what opportunities exist to make cloud computing a career.

The Current State of Cloud Computing

The growth in the cloud computing sector has been steady for several years. The United States sits on top of the pile regarding spending in the cloud market, accounting for the next four significant players combined in 2019.

Several factors have caused cloud computing to become so important. 

At its most basic level, cloud computing is the delivery of computing services over the internet. This may include, but is not limited to: 

  • Storage 
  • Databases 
  • Servers 
  • Networking solutions 
  • Virtual machines 
  • Software packages
  • Analytics  
  • Artificial intelligence 

The key is that you are only paying for those specific services you use and not on the hook for the complete development or maintenance of the infrastructure. Fundamentally, this means that an organization can both lower operating costs, get more efficiency from existing systems, and have instant scalability as required.

Analysis shows that the cloud computing market size globally was 274.79 billion in 2020. On top of this, cloud computing is projected to have an annual growth rate of 19.1% through 2028.

Factors Behind Cloud Computing’s Rise

There is a considerable increase in digitization and the growth in moving to flexible workplaces, which means that data needs to be stored and readily accessed.

Organizations that don’t modernize their internal processes to reap the benefits of cloud computing will have difficulty competing with firms that do. Not only does a move to cloud computing drive cost efficiency, but it also reveals business agility.

The on-demand nature of services like storage, software, and remote processing over the internet has seen a meteoric rise in cloud computing. Notably, cloud computing is run as a service that eliminates the need for some local IT specialists to manage cloud services actively. 

The demands of keeping a cloud system or proprietary software working are complex and out of the range of most IT professionals.

The shift of technology usage has shifted, sometimes referred to as the consumerization of IT

This means that rather than technology starting at the business level and then appearing in the consumer market, now the technology adoption and usage proficiency among employees sees these technologies get pushed into the workplace.

Cloud computing has also been able to sell itself to an extent. 

The awareness of the benefits of cloud computing through high-profile rollouts like Google’s suite, as well as a ballooning startup environment, sees entrepreneurs vying for new ways to sell novel cloud-based solutions.

Cloud Computing a Good Career

Image from Microsoft

In the end, cloud computing offers solutions and covers some critical areas. Security concerns regarding encryption, access control, communication vulnerabilities, backups, and monitoring are handled well via cloud computing.

On top of this, the service reliability from top-level cloud computing providers is hard to match with a local solution. With the massive range of server farms, engineers, backups, and other systems, such vendors can offer 99.9% uptime.

Not only does this allow for businesses to operate without interruption, but it also relieves them from the burden of creating and maintaining in-house systems.

What Does the Future Hold for Cloud Computing?

The global cloud computing market is expected to reach $623.3 billion in 2021. Recent growth figures of 12.5% in the first quarter of 2021 amount to $15.1 billion. This is because cloud computing has become the standard in data management

The most significant player in the market is by far Amazon Web Services (AWS). Amazon Web Services in 2020 was 32% of the total market. In recent years, Google has joined the race and, after some adjustments, is becoming more prominent in the space.

Google has increased its workforce to 37,000 for its cloud services while other departments are downsizing. Their earnings reports reveal that the cloud department’s revenue grew over expectations for the past few years.

The Largest Segment Who Uses Cloud Computing

The segment to dominate the usage of cloud services is the banking, financial services, and insurance sector (BFSI), which had the highest market share of over 25% in 2020.

Cloud computing offers everything that banking customers and firms want. Secure storage and the ability to have constant uptime have helped the BFSI move towards a better customer-centric business model and ongoing complete digitalization of money management.

However, it is not just the service or financial industry which is benefiting from cloud computing. The manufacturing industry is ideally suited to cloud services, like data management, real-time analysis, and organizational-wide visibility.

Other Major Segments

One of the most significant growth areas in cloud computing is Software as a Service (SaaS), which is a way to provide software access over the internet. The cloud provider runs the software on their servers, usually located remotely in a data center.

SaaS accounted for 54% of the cloud revenue in 2020, which resulted from a flurry of acquisitions in 2018 when 169 companies were acquired by the various players in the cloud market. 

The dominance of cloud computing is also evident by measuring workload processing. Cisco Systems revealed that more than 94% of the workloads would be processed by cloud data centers in 2021. For reference, the figures for 2019 were 60% and 45% in 2018.

Why Cloud Computing Shines

Crunching data is often where cloud computing shines

Getting real-time visibility on consumer habits and then suggesting or offering solutions will revolutionize many more sectors than just banking or manufacturing.

Healthcare is prime for a shakeup by better leveraging cloud computing. 

Instant sharing of data, wearable health devices collecting the data, and automated check-ins mean consumers can achieve better health outcomes by integrating more in-depth data analysis. 

Interestingly, it is not just these massive tech giants pushing innovation in the cloud sphere. The rise in cloud-based deployment for product offerings by small and big firms alike is driving the market growth.

This implementation of cloud computing is beneficial for cross-compatibility.

One prime instance is the introduction in 2018 of Adobe’s Experience Cloud Device Co-op. Cloud computing then enables service rollout for all end-users, no matter their device, with no degradation of consumer experience.

The Future Of Cloud Computing

The future of cloud computing is forecasted to continue at over 10% growth per annum up to 2025. From the demand side, the average organization’s cloud budget is seeing a double-digit increase with close to a third of company IT budgets specifically for cloud services.

Geographically, big firms in the United States have shown that they can adopt new technology quickly, which has proven to be a quick path to efficiency and flexibility in offerings. However, the Asia Pacific region is anticipated to emerge as the fastest-growing region over the next five to 10 years. 

The world revenue forecast in 2028 is set to reach USD 1,251.09 billion.

Where Are the Major Employment Locations?

Currently, the three major players in cloud computing are Microsoft Azure, Google Cloud, and AWS. Between them, the three make close to 60% of the total market share.

While working for these firms is guaranteed to give you a higher income, it is not the only option for working with cloud technologies.

SaaS or other cloud offerings are primarily public. This refers to the servers, equipment, engineers, and other components shared over the service. 

However, it is also possible to engage in the private deployment of cloud solutions.

Indeed, the private deployment of cloud services accounted for the most significant market share, topping over 45% in 2020.

The cost involved with setting up private infrastructure may put it out of reach of smaller organizations. Still, the benefits seen through security, data integrity, and other reasons mean it is very popular with larger firms.

Private deployment may even be a necessity due to specific regulations.

This segmentation of the cloud computing market only opens up more opportunities for careers, which is particularly apparent through the growing focus on hybrid cloud models requiring specialists who can both design and manage such solutions. 

How Do I Get a Job as a Cloud Computing Engineer?

Cloud Engineers should have at least 3 years of experience to get a job, specifically with cloud technology. Make your application stand out by showing familiarity with the primary integration points to the cloud, such as application programming interfaces (APIs) and database management. 

A job in cloud computing involves managing the cloud environment from conception to delivery. The various life cycles of a cloud solution mean you have specialist designers, cloud architects, cloud security experts, and cloud maintenance. 

Cloud Infrastructure Engineers specialize in cloud technology and work to optimize how the cloud overall operates. Infrastructure Engineers are vital in controlling costs and ensuring that the system works with as little wasted server power as possible.

The salary range for an Infrastructure Engineer runs from about $101,000 to $123,000.

One of the top roles to aspire to in the world of cloud computing is the Cloud Architect. Generally reserved for those with several years of expertise, Cloud Architects have a significant role in pre-migration or implementing an organizational cloud strategy.

This senior role requires formulating the entire life cycle of the cloud technology integration into a use case and forms the basis upon which Cloud Engineers and other administrators will follow the broader ICT strategy. 

Given the necessary experience and scale of a Cloud Engineer’s work, the salary range is large. Anonymous salary surveys show that a national starting salary is around $130,000 but can quickly push over the $200,000 mark on large projects.

Broad experience as an app developer or network technician can give you the skills necessary to become a Cloud Developer. This position will generally require two to three years of experience in a cloud environment. 

However, the starting salary is still excellent, with higher ranges going up to $180,000 and $104,000 listed as a 25th percentile boundary salary.

One of the most significant growth areas in cloud computing is security. Surveys reveal that 77% of organizations globally have planned to add encryption and heightened security to their cloud solutions. 

Furthermore, 91% also believe that security will continue to gain in importance.

A Cloud Security Manager is at the forefront of implementing such solutions. Current salaries are sitting at an average of $95,000.

Best Qualifications for Cloud Computing

The major cloud platform providers offer certification in their products, which forms the basis of most successful applications.

From Amazon, there are a variety of qualifications to look at. These include: 

  • AWS Certified Developer 
  • AWS Certified Solutions Architect 
  • AWS Certified DevOps Engineer 

AWS certifications are developed and created by experts at AWS. This means that these certifications embody best practices for AWS, but also cloud computing in general.

Similar offerings from Microsoft and Google are product-specific but serve as a validation of general cloud computing skills. On top of this, companies like Cisco, which have dominated enterprise-level internet and networking, also offer cloud computing certifications.

Conclusion

In terms of industry, cloud computing is a good career and has grown in strength over the last few years. The technology is advancing the capability of cloud computing, and large firms are investing heavily to develop into a one-stop shop for all cloud needs.

There is still so much potential, and projected growth rates show that the industry has many expansion opportunities.

The benefits a premium cloud service offers businesses means as more organizations make their business entirely run through the cloud, specialized engineers will be needed more than ever.