[2] Second, in the longer term, the WFA forced experiment15 is being seen as a success by many workers and employers. He earned his masters and bachelors degrees from Texas A&M University, and completed executive education programs at Babson College and Arizona State Universitys Thunderbird School of Global Management. With tools such as Slack (and its many alternatives), working from the comfort of your home is easier than ever before. Microsoft has already started rolling out its Windows 365 service, which offers virtual personal computers running Windows 10 or 11. Another goal for cloud providers is to develop vertical-specific apps that must reside at the edge due to latency requirements and other factors. IT Visibility, IT Asset Management, Cloud Management. Additionally, investment isnt needed just for capex. to receive more business insights, analysis, and perspectives from Deloitte Insights. 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. By comparison, only 25 percent of all the computing data was stored this way in 2015. What exactly is a cloud workload? 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. The advantages of using a public cloud include lower costs, no need for maintenance, high reliability and almost unlimited scalability.28, Private clouds are used by just one organization. Moving to the cloud is a critical business initiative for many organizations. More than 50 percent of the executives surveyed rely heavily on financial metrics principally, cost and ROI to determine the path to success for their cloud initiatives. If you are interested in learning more about these terms, we invite you to read our cloud terminologies article, which explains how they function in greater detail. With a predicted CAGR of 48.2 percent, it is expected that it will reach $7.24 billion in revenue by 2027.20 Read our online gaming statistics to learn more. Cloud-first policies and cloud migration are top of mind for senior IT leaders, particularly in enterprise environments. How many cloud services and apps do you use? And the siloed and disjointed approach of yesterday will no longer be effective in todays fast-evolving digital world. However, cloud computing makes data governance much easier, with tools such as the excellent EFSS, Egnyte.12, This is the fifth year in a row that cloud cost optimization is a top priority, with 61 percent of organizations planning to optimize their cloud costs in 2021. Otherwise, it's the same thing. Clearly, hybrid cloud is the new normal. Please do not hesitate to contact me. The appropriately named Citadel is the largest data center ever constructed, and is located in Tahoe Reno, Nevada. 600 operators said that, in 2021, about half of all workloads will still be in enterprise data centers, and only 18% of workloads in public cloud/SaaS services. Patrick is the cloud leader for Deloitte Consulting LLPs Technology, Media, & Telecom industry practice, as well as the Technology sector. [2] 70% Migrating more workloads to the cloud 59% Optimizing cloud use to cut costs 50% Advancing a cloud. Revenues for 2020 are likely to be over US$125 billion, increasing tomore than US$160 billion in 2021.7 And although percentage growth was down three points in the first nine months of 2020 compared to all of 2019, it is worth noting that in absolute dollar terms, the total hyperscale market (not just the five largest) grew more in 2020 than in 2019. As of 2020, roughly 41% of enterprise workloads were in the cloud. These services include everything from simple cloud storage to cloud infrastructure platforms, like AWS. 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 . And I think I can squeeze another five percent. Looking at the global cloud market by region, North America is leading the race, with 61 percent of the market total in 2020. Because theCloudwards.netteam is committed to delivering accurate content, we implemented an additional fact-checking step to our editorial process. Only about 10 large public hyperscale cloud providers and chip companies break out their cloud revenues on a quarterly basis in detail. Currently a managing partner in the Japanese firm, Nobuo brings over 25 years of experience in technology and management consulting focusing on the electronics industry. This way, if one of the services is unavailable for whatever reason, the organization can switch to a working backup for disaster recovery. Thats not all SaaS processes will account for 75 percent of the total workload. Blending mainframe power, reliability and security into the cloud landscape are essential to achieve the enterprise-wide agility and capability required to keep pace with ever-changing business needs. Sixty-two percent of respondents use more than one cloud provider, and the diversity of production workloads (e.g. A quarter (25%) of respondents cited private cloud as their most commonly used deployment model, the highest percentage after multicloud (36%). Total 2020 revenues are likely to exceed US$35 billion, and could top US$40 billion in 2021. There is a prevailing notion that while the cloud infrastructure market is growing fast, the vast majority of workloads remain on premises. In 2021, 63 percent of respondents expect to be running 41 percent or more of their workloads in public cloud, indicating that adoption of public cloud will only continue. In fact, 76 percent measure their cloud progress according to cost efficiency and the savings they made thanks to cloud. "It's fundamental to computing.". Naturally, remote desktop software followed suit. Data Disk IOPS Consumed Percentage and Data Disk Bandwidth Consumed Percentage; At the VM level: VM Cached IOPS . (Flexera, 2020) Source: ITCandor. Already, cloud has become much more than an alternative computing approach; in the near future, it is poised to become standard operating procedure for all types of businesses. But what about the network infrastructure underneath? Yet even as enterprises embrace the many benefits of the cloud, managing the cost of cloud computing is an ongoing challenge. Cloud Usage Statistics 13. That number has skyrocketed to 30% of organizations having at least 50% of . MEGA (5.09 percent), Box (4.17 percent) and pCloud (1.39 percent), which have all made our list of best cloud storage services, are also widely used.21, Given the previous statistic, it comes as no surprise that Google Drive surpassed a billion users in 201822, while the Google Workspace cloud productivity platform as a whole reached 2 billion users in 202023. The cloud migration forecast: Cloudy with a chance of clouds has been saved, The cloud migration forecast: Cloudy with a chance of clouds has been removed, An Article Titled The cloud migration forecast: Cloudy with a chance of clouds already exists in Saved items. Weve seen two years of digital transformation in two months.Microsoft CEO Satya Nadella1. Your email address will not be published. In fact, just over half of businesses (52 percent) prefer cloud solutions that have their own native security tools.8, When we think of cyberattacks, we often picture hackers exploiting built-in cloud IT infrastructure weaknesses. Share of workloads in the cloud among organizations worldwide as of April 2021 [Graph]. For example, if your default email client is Gmail, or if youve ever shared a file through Dropbox, youre already using the cloud, even if youre unaware of it. You need a Statista Account for unlimited access. Statistics On Cloud Service Providers. Find out how. This rapid level of growth and migration . Hyperscale data centers do even better on the PUE scale, at around 1.11.2.39 That said, this improvement has slowed in recent years, and both hyperscale cloud companies and chip companies are working hand in hand to keep power consumption as low as possible. Select highlights of the report are included below. By 2021, 33% of surveyed enterprises were running over 50% of their workloads on the cloud, indicating that this trend will continue to increase over time. Get the latest insights in cloud computing trends and cloud migration statistics by downloading the Flexera 2022 State of the Cloud Report. The five largest hyperscale public cloud providers that disclose segmented revenues saw their combined revenues grow by 31% in 2019 to US$94 billion. The Most Pressing Cloud Security Concerns, Given that cloud security is so highly sought after, its no wonder that companies are looking for cloud services that are secure right out of the box. Cloud Workloads. Balancing on-premises and cloud workloads On-Premises vs. An additional 20% are predicted to be private-cloud-based followed by another 22% running on hybrid cloud platforms by 2020. See Terms of Use for more information. It is critical to disrupt your market without interrupting your business during the migration.26, Cloud, security, and COVID-19. Databases (50 percent), file storage (45 percent) and application services (43 percent) were also cited as reasons for remaining partially on-premises. In the RightScale 2018 State of the Cloud Report, 96 percent of IT professionals surveyed said their companies were using cloud computing services, and 92 percent were using the public cloud.On average, organizations are running about 40 percent of their workloads in the cloud, and that percentage is growing. The report explores the thinking of 753 respondents from a survey conducted in late 2021 and highlights the year-over-year (YoY) changes to help identify trends. Improving special AI chips. As of 2021, the very lucrative video streaming market is worth a combined $59.14 billion (read our streaming statistics guide to learn more). Even a single application could be tied to multiple business processes, affecting vendors, balance sheets, and regulatory compliance, and different stakeholders could have different motives and expectations from the migration. However, the company boasted that annual recurring revenue (ARR) for cloud was up 45 percent in a year . Crucial issues such as security, compliance and location mean that many enterprises can't simply move data or workloads into the public cloud. Over time, transistors keep getting smaller. "Share of Workloads in The Cloud among Organizations Worldwide as of April 2021. Platform as a Service (PaaS) will grow by 26.1% in 2022. The proliferation of cloud software, coupled with the disruption of 2020, has made the message loud and clear for organizations: digitize or die. 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. If you are looking to make your cloud migration process a lot easier and even automate it to a great extent, we invite you to check out our list of the best cloud-to-cloud management services. KPIs for measuring cloud adoption success. Consequently, several noteworthy cloud computing trends have emerged, so let us take a look at their impact and development. But as a post-pandemic world begins to take shape, new trends in cloud usage are beginning to take shape. 70% of companies using the cloud plan to increase their budgets in the future. On-premise workloads are predicted to shrink from 37% today to 27% of . Its huge. Most businesses and remote workers depend on cloud-based technologies. This list of cloud computing statistics will give you an idea of just how significant it really is. The respondentsglobal cloud decision makers and usersrevealed their experiences with cloud migration, cloud computing, and their insights about the public, private and multi-cloud market. Let us know if you liked the post. This means tackling three major challenges: 1. The bottom line: while cloud security is paramount for any organization regardless of size, proper employee training and strict security guidelines are just as important. Business owners lament the fact that around 30 percent of their cloud budget goes to waste. Time Machine vs Arq vs Duplicati vs Cloudberry Backup. Cloud security is one of the biggest concerns for businesses. As soon as this statistic is updated, you will immediately be notified via e-mail. "11, Additionally, investors have been pumping funds into the cloud sector, with total assets in the three largest cloud exchange traded funds (ETFs) reaching US$6 billion as of mid-August 2020, US$2 billion more than at the start of the year. First, although lockdowns are unlikely to be as uniform as they were earlier in 2020, flareups in the pandemic and more-localized lockdowns are still driving WFA and cloud growth. Hybrid cloud can take many forms, such as a combination of private with public cloud or public cloud with on-premise resources,2 but all offer the benefits of multiple deployment models. How to Access the Deep Web and the Dark Net, How to Securely Store Passwords in 2023: Best Secure Password Storage, How to Create a Strong Password in 2023: Secure Password Generator & 6 Tips for Strong Passwords, MP4 Repair: How to Fix Corrupted Video Files in 2019, Simple Cloud Computing Facts You Need to Know, cloud storage services with the best security and privacy, excellent article detailing cloud security measures, storage services with unlimited cloud storage. Their impact and development content, we implemented an additional fact-checking step to our editorial.! Vm Cached IOPS Consumed Percentage and data Disk Bandwidth Consumed Percentage and data Disk Consumed. 2020 revenues are likely to exceed US $ 35 billion, and the siloed and approach. 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