Worldwide, businesses are projected to spend over $1 trillion on cloud computing infrastructure in 2024. This is due to the need to adopt new platforms and as-a-service offerings, such as AI services, to become more innovative, agile and successful. Despite the potential benefits, there are still significant challenges, particularly regarding security and data protection. However, new models are being developed to address these issues, such as multi-cloud strategies, cloud-native development and edge computing. The cloud computing industry is expected to continue to grow in the coming years, and businesses must be prepared to take advantage of the opportunities it offers.