The global marketplace for cloud computing continues to expand at an astonishing rate, and companies around the world are taking advantage of the benefits that the cloud has to offer. In a June 2014 report, Allied Market Research found that the global cloud services market would likely reach a value of $555 billion in 2020, growing at a compound annual rate of 17.6 percent beginning in 2014.

This is a testament to the growing usefulness of cloud-based tools and storage, and it’s also an indication of how fast-paced society has become. Better productivity, enhanced collaboration and reduction in both capital and operational expenditures are all benefits of cloud computing, and it’s clear that businesses in every industry are starting to take note.

What does the cloud look like around the world? Let’s take a tour of a few companies that are investing in cloud infrastructure:

In the West

In the U.K., the cloud has generated much hubbub in recent years, and it shows. Computer Weekly reported in late 2015 that tech giant Cisco would be creating 200 new jobs dealing with the cloud. The company is also expected to invest $2.5 million in a startup accelerator in London. This is Cisco showing support for the digital market in the U.K., and an indication of the importance the cloud is having on the economy in that region.

The digital economy in the U.K. benefits from cloud investments.The digital economy in the U.K. benefits from cloud investments.

In the Middle East

Cloud computing has gained momentum in other areas of the world, as well. For instance, in Egypt, Xerox is pursuing investment opportunities in the cloud computing sector. According to Daily News Egypt, Haitham Abdou, general manager of Xerox Egypt, noted that since the government has recently been paying attention to cloud computing, the company sees opportunities to take advantage of cloud infrastructure for its printing and telecommunications services.

“Cloud spending in the Asia-Pacific region is going to increase to $12.9 billion.”

In the East

Hong Kong is another place that is beginning to embrace the cloud. Gartner found that spending on the public cloud in the Asia-Pacific region is likely going to increase from $7.3 billion in 2015 to $12.9 billion by 2019.

“Key factors driving cloud [adoption] include organizational agility, cost benefits, increased innovation with the potential for transformation, and elements of user self-service and control,” Gartner senior research analyst Fred Ng said.

There are a few companies looking to enter the burgeoning Hong Kong cloud market, and many businesses have already done so. The Australian telecommunications company Telstra found earlier in 2015 that around 39 percent of Hong Kong corporations are now using IaaS platforms, and 44 percent plan to invest soon.

The takeaway

IaaS cloud computing is gaining ground over on-premises systems, and companies around the world are taking advantage of the enhanced productivity, staying power and CAPEX/OPEX to improve business practices. At home here in the U.S., companies should partner with a private cloud provider that knows how to serve their specific needs and can help them achieve big-picture goals by deploying high-functioning virtual environments.