Organizations around the world are adopting cloud to harness its potential for scalability, agility, cost savings, and innovation. Cloud computing offers new ways to implement ready-made IT infrastructure and services flexibly availed on an on-demand basis -- saving businesses time and money spent to build costly datacenters and hiring IT teams to manage it. In addition, cloud offers scalable data storage capacities, global accessibility, reliability of backup and disaster recovery, specialized media services and business intelligence solutions as well as highly sophisticated security and compliance standards.
As video streaming continues to increase in prominence across the enterprise, business and IT leaders feel the soaring burden of video on IT systems like never before.
Businesses are increasingly relocating their critical operations, workflows, and applications to the cloud. Worldwide spending on public cloud services is expected to double from almost $70 billion in 2015 to over $141 billion in 2019, according to research firm IDC. The shift is driven by a range of factors stemming from rising demands for storage, scalability, security, mobility, innovation, and more – all of which begs the question regarding video hosting costs of cloud vs. on-premises deployment scenarios.