What are the benefits, costs of remote computing, and how big is it?

Remote computing, or the ability to access computing resources and applications from a remote location, can have both costs and benefits, including:

Benefits:

1. Increased Flexibility: Remote computing allows employees to work from anywhere, using any device, which can increase flexibility and productivity. This can also enable organizations to hire talent from a wider geographic area.

2. Cost Savings: Remote computing can help organizations save money on hardware, software licensing, and IT management costs. By centralizing computing and storage resources, organizations can reduce hardware costs and maintenance, and reduce software licensing costs by using virtualization technology.

3. Increased Security: Remote computing can provide a more secure computing environment by centralizing data storage and reducing the risk of data loss or theft from individual devices. Additionally, remote computing can help organizations enforce security policies and provide secure remote access to their systems.

4. Disaster Recovery: Remote computing can help organizations maintain business continuity in the event of a disaster. By storing data and applications in a remote location, organizations can quickly recover from disasters and resume operations.

Costs:

1. Connectivity: Remote computing requires a reliable and high-speed internet connection. Organizations may need to invest in additional connectivity options, such as redundant internet connections, to ensure reliable access to their computing resources.

2. Technical Complexity: Remote computing can be technically complex, and may require additional training and support for employees. Organizations may need to invest in additional IT resources or work with external providers to implement and maintain remote computing solutions.

3. Security Risks: Remote computing can also introduce security risks, such as data breaches or unauthorized access to computing resources. Organizations must implement appropriate security measures to mitigate these risks.

4. Dependence on Third-Party Providers: Organizations that rely on third-party providers for remote computing solutions may be subject to service interruptions, downtime, or changes in pricing or service offerings.

Overall, remote computing can provide significant benefits to organizations, including increased flexibility, cost savings, and improved security. However, there are also costs and risks associated with remote computing, and organizations must carefully evaluate these factors before implementing remote computing solutions.

The growth rate for remote computing varies depending on the specific segment and region of the market. However, overall, remote computing has experienced significant growth in recent years, and this growth is expected to continue.

According to a report by MarketsandMarkets, the global cloud computing market, which includes remote computing, is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a compound annual growth rate (CAGR) of 17.5% during the forecast period. The report cites factors such as the increasing adoption of cloud services, the growth of big data analytics and artificial intelligence, and the need for scalable and flexible computing resources as driving this growth.

Another report by Grand View Research projects that the global Virtual Desktop Infrastructure (VDI) market, a specific segment of the remote computing market, will grow from $5.5 billion in 2020 to $14.3 billion by 2027, at a CAGR of 12.2% during the forecast period. The report cites factors such as the increasing demand for remote working solutions, the need for secure data access, and the growth of the Bring Your Own Device (BYOD) trend as driving this growth.

Overall, remote computing is experiencing significant growth due to the increasing demand for flexible, scalable, and secure computing resources, and this growth is expected to continue in the coming years.

The amount of money companies can save with remote computing can vary depending on the size of the company, the specific remote computing solutions they implement, and their business needs. However, remote computing has the potential to significantly reduce IT costs for companies.