Emerging Trends:
– AI-powered cost optimization: With the increasing complexity of cloud environments, AI-powered solutions are emerging to help organizations automate cost optimization processes and make data-driven decisions.
– Container cost management: As containerization gains traction, organizations are looking for ways to manage and optimize container costs. Cloud cost management solutions are incorporating container cost management capabilities to address this need.
– FinOps: A new approach to cloud cost management, FinOps combines financial management with cloud operations to optimize cloud spending and align it with business objectives.
Recent Industry Developments:
– In June 2021, Cloudability, a leading cloud cost management platform, announced its acquisition by Apptio, a provider of technology business management solutions.
– In May 2021, CloudCheckr, a cloud management platform, announced its partnership with CloudHealth by VMware to provide customers with enhanced cost optimization capabilities.
– In April 2021, Nutanix, a leader in hybrid cloud infrastructure solutions, announced the launch of Nutanix Clusters on AWS, providing customers with a unified management experience for hybrid cloud deployments.