A cloud application development company is a specialized company that creates software solutions hosted on remote servers, also known as the cloud, rather than on local, on-premise servers. Its core focus is enabling users to access apps via the Internet, using a web browser or a mobile app, regardless of their location. Using cloud computing platforms like Amazon Web Services (AWS), Microsoft Azure, and the Google Cloud Platform, this specialized agency helps businesses elevate user experiences, increase service accessibility, and propel business growth.
Generally, there are four types of cloud computing:
- Private cloud
A cloud computing model dedicated to a single organization that can be accessed only by entity-authorized users, making it ideal for businesses requiring strict security measures. It can be hosted on-premises or by a third-party provider. - Public cloud
Across this computing model, services and infrastructure are offered by third-party vendors over the Internet. Although infrastructure is shared among organizations, only authorized users of each organization can access specific data and services. - Hybrid cloud
This model combines private and public cloud environments, allowing users to move data and applications between the two while still enabling access to authorized users only. - Multi-cloud
A cloud computing model wherein an organization uses cloud services from multiple providers (e.g., AWS, Azure, Google Cloud) to meet versatile business needs. This approach can improve flexibility, redundancy, or performance while allowing organizations to avoid vendor lock-in.
The cloud computing industry is on a rapid rise, recording $1.6 trillion in revenue in 2023, with the Americas as the biggest regional spender. In terms of segment, software-as-a-service (SaaS) holds the largest market share, estimated at $247 billion in 2024. As for applications, roughly 65% of organizations cited custom applications as the main reason for using cloud-native platforms.
With cloud applications in high demand, it is easy to understand why businesses need cloud application development services. Beyond amplifying apps’ agility and accessibility, these services address critical technical requirements and operational complexities, helping organizations overcome the following challenges:
- Difficulty integrating legacy systems with modern cloud platforms, causing operational inefficiencies and delays in data migration
- Lack of off-the-shelf cloud applications that meet the business’s requirements
- Outdated systems that are slow, glitching, and difficult to use
- Disparate internal systems that result in zero real-time data visibility and inaccurate insights that may lead to income loss
- Poor user experience and high user churn rate
- Limited access to real-time support and troubleshooting, which prolongs downtime and negatively impacts service continuity
- Encountering vendor lock-in risks, which imposes difficulties to switch providers or adopt multi-cloud strategies without significant cost or disruption
- Difficulty staying up to date with the latest cloud computing regulations, best practices, and technological advancements
Success story
To highlight the importance of cloud application development services in addressing these significant challenges, we've selected the following case study from ELEKS:
- Challenge: Global oil and gas enterprise TechnipFMC wanted to revamp its centralized business system, FuelFACS, and shift it from an on-premise solution to a cloud-based one.
- Solution: The ELEKS team began with a two-week client visit to refine the project vision and gather essential system artifacts. The company reverse-engineered TechnipFMC’s centralized business system and migrated FuelFACS to Azure, implementing it as a single-page web app optimized for the cloud. The Azure migration resolved performance issues, enabled centralized updates, and introduced Agile practices that enhanced Technip’s customer engagement and accelerated time to market.
- Results: Through ELEKS’ expertise, FuelFACS’ operations were scaled to meet user demand, providing 24/7 availability and minimizing downtime. The client realized substantial IT support savings by eliminating the costs of on-premise hosting, patching, and product updates.
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Proposals