The global market for power management integrated circuits (PMICs) is on a remarkable growth trajectory, expected to reach an estimated $54.69 billion by 2032 from a current value of $25.18 billion. This growth, reflecting a compound annual growth rate (CAGR) of 9.0% from 2024 to 2032, is largely driven by the increasing demand in consumer electronics like smartphones and wearables, coupled with the expansion of 5G technology.

In today’s competitive landscape, many businesses are adopting a cloud-first strategy to leverage the numerous benefits of cloud computing. However, this doesn’t mean that everything has to be hosted in the cloud. Rather, it involves prioritizing cloud services, unless specific needs dictate otherwise. Here are six best practices to ensure your cloud-first strategy is both cost-effective and efficient: