Check out the latest blogs related to Cloud Management below. Criteria for which workloads move to cloud. 71% of enterprises look for speed improvements, 63% . Consequently, several noteworthy cloud computing trends have emerged, so let us take a look at their impact and development. In that regard, cloud computing can help, not hinder, progress toward a more sustainable future. Find out how. Tell us what you think in the comments below. Accessed March 01, 2023. https://www.statista.com/statistics/1266602/workloads-cloud-organizations-worldwide/. Organizations are, on average, running 40 percent of their workloads in the public cloud, and 89 percent are either already in various stages of implementing cloud, or plan to adopt public cloud within the next year, according to DivvyCloud's 2019 State of Enterprise Cloud and Container Adoption and Security report.. AWS and Microsoft Azure would be the clear leaders in terms of adoption . [2] According to European organizations, migrating more workloads to the cloud is the most important cloud initiative. Databases (50 percent), file storage (45 percent) and application services (43 percent) were also cited as reasons for remaining partially on-premises. Most enterprises have, on average, only about 20-40 percent 2 of their workloads in the cloud, most of which are the easier, less complex ones. Would appreciate it if you can explain it , thanks! In 2017, the global cloud storage market was worth around $30 billion and it steadily rose to more than $61 billion in 2020. Online Storage or Online Backup: What's The Difference? Michael also leads the GTM and cross-offering efforts within Consulting in North Region as Regional Consulting Leader. This market draws on more than just cloud, but cloud is a critical enabler. With more than 25 years of experience, he has steered large-scale digital and enterprise transformations, helping to enable enhanced market competitiveness for some of the worlds most influential brands. You need at least a Starter Account to use this feature. In 2017, cloud workloads represented 86 percent of all data . Additionally, 82% of the workload will reside on the cloud. This takes into account video streaming behemoth Netflix, established services like HBO and relative newcomers such as Disney+. As the operating model changes, the organization will turn to a product-orientated operating model where the entire value stream of the business and IT will have to be aligned by products. What we refer to as the cloud actually exists as a physical network of servers. A multi-cloud strategy revolves around utilizing multiple cloud service providers such as Google Cloud or AWS. An overwhelming majority of enterprises continue to move workloads from the cloud back to on-premises data centers, although it is a smaller percentage than before, according to IDG research. Cloud Data Centers Dominate Workload Processing. In 2019, the remote desktop software market was worth $1.53 billion and it is estimated that it will reach $4.69 billion by 2027 at a CAGR of 15.1 percent. An additional 20% are predicted to be private-cloud-based followed by another 22% running on hybrid cloud platforms by 2020. 2023. However, she said, 81 percent of customers reported the repatriation of workloads from public clouds to on-premises private cloud, hosted private cloud, or on-premises non-cloud infrastructures, a . Yet even as enterprises embrace the many benefits of the cloud, managing the cost of cloud computing is an ongoing challenge. Going forward, cloud can support benefits including collaboration, automation, scale, innovation, and agility.31 For example, with regard to innovation, two-thirds of respondents in a 2018 Deloitte survey said that cloud fully allowed them access to the newest technologies.32 Another study showed that 93% of companies surveyed used the cloud for some or all of their AI needs, requiring less investment in infrastructure and expertise.33. Of course, cloud is not the only solution in play. As a result, we see pockets of spending deceleration even at these companies.14. This goes to show that non-cloud data centers are on their way out and will be superseded by cloud data centers in the near future.14. The intelligent edge places computing power, specifically AI computing power, not in centralized data centers but closer to the end user, typically less than 50 kilometers. Well be looking at 26 of the most interesting, relevant and game-changing stats all across the industry, from cloud adoption rates and security concerns, to enterprise infrastructure, cloud computing spending and much more. Flexible consumption models, also known as everything (or anything) as a service or XaaS, have become an increasingly important strategic shift for enterprises across all industries. Cloud Usage Statistics 13. DTTL (also referred to as Deloitte Global) does not provide services to clients. We benchmarked our numbers, at least 10 percentage points [of revenue] is what we're saving. IT Visibility, IT Asset Management, Cloud Management. Basically, the only difference is who owns the infrastructure. Highlights include: Patrick is the cloud leader for Deloitte Consulting LLPs Technology, Media, & Telecom industry practice, as well as the Technology sector. Thirty-three percent reported spending $1.2 million or more on Google Cloud Platform. DTTL and each of its member firms are legally separate and independent entities. According to one Canadian AI researcher, The concern is that machine-learning algorithms in general are consuming more and more energy, using more data, [and] training for longer and longer.41. However, providers frequently change aspects of their services, so if you see an inaccuracy in a fact-checked article, please email us at feedback[at]cloudwards[dot]net. Then you can access your favorite statistics via the star in the header. Social login not available on Microsoft Edge browser at this time. This is followed by optimizing current cloud use to cut down on costs (59 percent) and advancing a cloud-first strategy (50 percent).4. This growth is expected as more organizations migrate their IT workloads to the cloud. By 2022, projections indicate that this figure will rise to $397.5 billion.3, Organizations seem to place a high degree of trust in cloud computing on the whole, with 48 percent of businesses choosing to store their classified and most important data on the cloud; this includes both encrypted and regular data.10. As recently as 2018, cloud computing companies were attracting criticism for their energy consumption, with some assigning them the epithet energy hogs. More recent articles, however, have pointed out that these concerns are unjust. As just one example, Micron, a supplier of storage for multiple markets, said in Q2 2020 that Our cloud DRAM sales grew significantly quarter over quarter, with strong demand due to the work-from-home and e-learning economy and significant increases in e-commerce activity around the world. 3. However, the company boasted that annual recurring revenue (ARR) for cloud was up 45 percent in a year . In todays increasingly digital world, the way a business approaches its cloud computing strategy is paramount. In Malaysia, the first mainframe, the IBM System/360, was introduced in 1964. Your email address will not be published. 2. . Thirty-seven percent of enterprises said their annual spend exceeded $12 million and 80 percent reported that cloud spend exceeds $1.2 million per year. In just the first four months of 2020, the value of completed data center acquisitions, at US$7.5 billion in only 28 deals, was greater than in all of 2019.13, Although cloud is growing rapidly overall, it serves multiple industries, many of which have cut spending sharply. . This type of software includes remote desktop tools such as TeamViewer and Chrome Remote Desktop, which allow you to connect to a remote computer and work on it via a remote internet connection.27. Please create an employee account to be able to mark statistics as favorites. This allowed AWS to evolve at a more leisurely pace and to develop more functionalities. In recent years, this percentage has continued to increase. According to remote work statistics, approximately 34 percent of workers say that they prefer to work in the cloud and will look for a new job if they are required to return to the office.6, Employee Work Preferences: Remove vs In Office, In 2020, the combined end-user spending on cloud services totaled $270 billion. With 94 percent [14] of all enterprises using cloud services in some form or another, its safe to say that cloud computing is here to stay and will only get even bigger in the future. Another goal for cloud providers is to develop vertical-specific apps that must reside at the edge due to latency requirements and other factors. A . One thing fueling the drive to the cloud is the explosion in SaaS workloads. The virtual computer can be streamed to any device you choose, which promises to bring a revolution in cloud computing, if everything works as planned. Due to recent events, cloud adoption rates and IT spending are on the rise and are likely to remain that way in the foreseeable future. Show publisher information As a note, many cloud forecasts are black boxes, based on proprietary information that cannot be replicated.5 However, metrics such as hyperscale cloud revenues, data center chip revenues, and cloud traffic are all publicly available, and anyone can reproduce our work and see the same trends. . Moving to the cloud is a critical business initiative for many organizations. This trend will persist well after the pandemic.23, One emerging development for hyperscale cloud providers is the intelligent edge. Not only were assets up, but so was performance, with the three cloud ETFs yielding an average year-to-date return of 47% as of October 30, compared to only 22% for the NASDAQ and 1% for the S&P 500.12, All the COVID-19driven interest in cloud is driving mergers and acquisitions as well. Digital transformation continues and IT spend keeps growing. This is because companies can't afford to run out of server capacity. Gartner surveys indicate that when cloud migrations are complete, an average of 30 percent of the digital infrastructure remains on-premises. By some metrics, the cloud market grew even faster in 2020 than in 2019, even during the steepest economic contraction in modern history. On top of these concerns, COVID-19 has created an unprecedented wake-up call. Just . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2007-2023 Cloudwards.net - We are a professional review site that receives compensation from the companies whose products we review. Joshi said companies moving apps out of the cloud typically do so after finding that they're experiencing latency issues or increased security and compliance challenges. However, not just any VPN will suffice check out our best VPN for Netflix and how to watch Disney+ outside the U.S. articles to find out which VPNs will do the trick (we also have a VPN statistics article). 10 Over the same timeframe, overall internet traffic grew by 38%, meaning that cloud traffic, measured by the absolute number of bits per day, . However, many other companies sell chips, storage, and connectivity solutions into the cloud space. 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