Take control of cloud use with out-of-the-box and customized policies to automate cost governance, operations, security and compliance. As of 2020, roughly 41% of enterprise workloads were in the cloud. This market draws on more than just cloud, but cloud is a critical enabler. 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. What exactly is a cloud workload? . 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. Chart. On-premises data centers typically have fairly low server utilization rates. In recent years, this percentage has continued to increase. Azure pricing as of 30 October 2018 (prices subject to change). 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. . Accessed March 01, 2023. https://www.statista.com/statistics/1266602/workloads-cloud-organizations-worldwide/. Moving to special AI chips. In 2020, the global cloud gaming market was worth $470 million. By 2025, Gartner estimates that over 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. 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. 2023. Its market value is estimated at more than $90 billion19, a massive increase over its 2019 valuation of approximately $20 billion. Almost a quarter said that the increased threat is critical and imminent. Only 15% believed that the cyberthreat will return to previous levels postpandemic, while five out of six believed that the new threat level is permanent.27, Cloud costs and benefits. You can tell that an article is fact checked with the Facts checked by symbol, and you can also see whichCloudwards.netteam member personally verified the facts within the article. statistic alerts) please log in with your personal account. This includes cloud storage providers like Sync.com and pCloud, as well as large platforms like Microsoft Azure. As noted above, increases in cloud usage mean increases in the cyberattack surface, making security more important than everespecially given the growth in usage driven by COVID-19. Even if we disregard these, current cloud computing stats speak volumes about the state of cloud computing and where its headed. 80 percent of cloud management efforts will support 20 percent of the service incidents or trouble tickets. This means that while overall growth is strong, it is not uniform. . Would appreciate it if you can explain it , thanks! However, two factors suggest that this decline in growth could be less than expected. What is your opinion on cloud computing? Over time, transistors keep getting smaller. So look . The cloud can have benefits like slashed IT costs, more flexibility, and increased efficiency. The proliferation of cloud software, coupled with the disruption of 2020, has made the message loud and clear for organizations: digitize or die. Otherwise, it's the same thing. Founder Jeff Bezos attributes AWS enormous success to its seven-year head start before facing serious competition. In 2019, total hyperscale spending on capex (which includes both IT infrastructure and physical infrastructure spend) was over US$120 billion.21 Given the continued growth in revenues, it seems likely that hyperscale capex will continue to grow at double digits, reaching US$150 billion by 2022. Much of this data is stored on cloud file storage solutions, so to help you out with picking the safest ones, weve compiled a list of cloud storage services with the best security and privacy. If you are an admin, please authenticate by logging in again. Cost governance systems can also help maintain control over expenses. The likely reason: COVID-19, lockdowns, and work from anywhere (WFA) have increased demand, and we predict that revenue growth will remain at or above 2019 levels (that is, greater than 30%) for 2021 through 2025 as companies move to cloud to save money, become more agile, and drive innovation. 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 next place is Dropbox, the best cloud storage for collaboration, with a still impressive 66.2 percent, followed by OneDrive (39.35 percent) and iCloud (38.89 percent). A subsidiary of Amazon, AWS currently holds 31 percent of the market, followed by Microsoft Azure at 20 percent and Google Cloud at seven percent. The first is obvious: if overall use of the cloud doubles, then, all other things being equal, energy use doubles as well. Most deployments will likely use a combination of a public cloud and a private environment that remain distinct entities but are bound together, an approach known as hybrid cloud. These are often used by government agencies and large organizations. SMBs will leverage the agility provided by cloud to quickly deliver at scale on . 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. ", Vendor market share in cloud infrastructure services market worldwide 2017-2022, Amazon Web Services: quarterly revenue 2014-2022, Public cloud services market size 2017-2023, Revenue of Salesforce.com broken down by cloud service 2015-2022. The key measure for measuring the environmental intensiveness of cloud computing is power usage effectiveness (PUE), in which great strides have been made. With a hybrid cloud solution, you can, for example, only use public cloud resources when you really need them, saving you a lot of money in the meantime. Over time, more specialized AI-specific kinds of chips were put into data centers: graphics processing units (GPUs, used for both training and inference), field programmable gate arrays (FPGAs, mainly used for inference), and application-specific integrated circuits (ASICs, used for both training and inference. However, 53 percent of SMBs spend more than $1.2 millionup from 38 percent last year. (2021). This is followed by optimizing current cloud use to cut down on costs (59 percent) and advancing a cloud-first strategy (50 percent).4. Flexera One is a Digital Platform Conductorbut whats that? The five largest hyperscale public cloud providers that disclose segmented revenues saw their combined revenues grow by 31% in 2019 to US$94 billion. Since at least three years ago, most organizations with workloads in the cloud have made this a top priority, along with cloud security. This allowed AWS to evolve at a more leisurely pace and to develop more functionalities. Your email address will not be published. Further, not only is clouds energy use growing more slowly than its computing output, but cloud computing often uses less energy than the noncloud alternative. Patrick is the cloud leader for Deloitte Consulting LLPs Technology, Media, & Telecom industry practice, as well as the Technology sector. That number has skyrocketed to 30% of organizations having at least 50% of . Although these companies are not necessarily providing detailed quarterly numbers, their commentary has been in line with those that do release exact numbers. Gen Zs and millennials are striving for balance and advocating for change. Netflix used 451,000 megawatt hours to deliver video in 2019, and Netflix viewers consumed about 112 billion hours during the year. . With a CAGR of 26.2 percent for the 2021 to 2028 period, it will balloon to more than $390 billion by 2028. Basically, the only difference is who owns the infrastructure. It would have not been surprising to see cloud spending go down a few points in 2020, given the spending reduction in multiple areas driven by the COVID-19 pandemic and the associated global recession. On average, using the public cloud for office productivity applications emits about6 7 kg of CO2 per employee per year, while a nonvirtualized on-premise solution would be responsible for nearly 30 kg of CO2 per employee per year.37 In the consumer world, as of 2019, viewing a two-hour Netflix movie consumed just over eight watt-hours of energy from Netflix and its distribution partners.38 This is a fraction of the energy needed to drive to a movie theater or even of taking public transit. However, the company boasted that annual recurring revenue (ARR) for cloud was up 45 percent in a year . 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. Sixty-two percent of respondents use more than one cloud provider, and the diversity of production workloads (e.g. The eleventh annual Flexera 2022 State of the Cloud Report (previously known as the RightScale State of the Cloud Report) highlights the latest cloud computing trends, including strategies, challenges and initiatives from a broad cross-section of industries and organizations. Access to this and all other statistics on 80,000 topics from, Show sources information Although the growth in cloud in the first nine months of 2020 was very high, many forecasts expected it to slow to some extent in subsequent quarters. Instead, the cloud market has been remarkably resilient. Social login not available on Microsoft Edge browser at this time. 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. As just one example, the health care industry, which has been among the fastest to shift to cloud during the pandemic, will likely increase its exposure to new vulnerabilities, especially if the migration is not done properly. (May 31, 2021). Survey respondents ranked data warehouse, relational database as a service (DBaaS) and container-as-a-service (CaaS) in the top three. Let us know if you liked the post. However, many other companies sell chips, storage, and connectivity solutions into the cloud space. With 34 percent, men are twice as likely to fall for phishing scams compared to women (17 percent).11. Online Storage or Online Backup: What's The Difference? Thanks to COVID-19 driving enterprises toward cloud, the cloud market will likely emerge from the pandemic stronger than ever. 1The 72 percent saving is based on one M32ts Azure VM for Windows OS in US Gov Virginia region running for 36 months at a Pay as You Go rate of ~$3,660.81 per month; reduced rate for a three year Reserved Instance of ~$663.45 per month. Thank you. However, any affiliate earnings do not affect how we review services. Michael also leads the GTM and cross-offering efforts within Consulting in North Region as Regional Consulting Leader. As of 2021, the very lucrative video streaming market is worth a combined $59.14 billion (read our streaming statistics guide to learn more). Cloud Computing's Catch-22. However, a workload should have defined boundaries regarding . May 23, 2022. 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). Many pundits as well as organizations, such as the World Economic Forum34 and the OECD,35 have called for a green reset following COVID-19. This momentum will continue as companies plan to increase their cloud adoption in the wake of COVID-19.. In recent years, this percentage has continued to increase. Weve seen two years of digital transformation in two months.Microsoft CEO Satya Nadella1. One thing fueling the drive to the cloud is the explosion in SaaS workloads. 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. The mainframe has been and will continue to be a mission-critical . In his leadership role, Nobuo Okubo guides strategy across the global network of Deloittes Technology professionals to ensure high-value approaches to client engagements and solutions. How many cloud services and apps do you use? to incorporate the statistic into your presentation at any time. Of course, it is impossible to predict with 100 percent accuracy how the future of cloud computing will look COVID-19 showed us that everything can change but certain patterns concerning cloud technologies and cloud infrastructure have emerged and they warrant analysis. Fifty-two percent spend $1.2 million or more annually on AWS. The ability to solve complex issues is critical. Patrick lives with his wife and daughter in Denver, where they are active in the community and enjoy the Colorado outdoors. But as a post-pandemic world begins to take shape, new trends in cloud usage are beginning to take shape. But even though many organizations will retain at least some on-premise resources, and even in current economic conditions, cloud providers have much to look forward to as migration to the cloud accelerates. With an average compound annual growth rate (CAGR) of 21 percent, this market is predicted to grow to $223.98 billion in revenue by 2028.15. The cloud is a vital online technology that is used all over the world. As organizations continue to spend more on public cloud, its easy to understand why FinOps is evolving and being adopted as a financial management discipline. [2] 70% Migrating more workloads to the cloud 59% Optimizing cloud use to cut costs 50% Advancing a cloud. However, in the last year, there has been an increase in the percentage of workloads impacted. The cloud computing market is projected to grow way bigger in just the next five years. According to the report, 52% of those who moved workloads from the cloud back on premises said either . For example, google drive has a 94.4% rate, I just wonder how this number came out. 3. We are independently owned and the opinions expressed here are our own. Its largest currently built facility covers 1.3 million square feet, while the full campus will house eight separate data center structures and will stretch over 7.2 million square feet of server space upon completion.25, With an overwhelming 94.44 percent, Google Drive is by far the most used cloud storage service in the world. A simple process could often turn into a fog of conflicting goals, broken dependencies, and cost overruns. Azure has surpassed AWS for breadth of adoption for the first time. Flexera cited as a leader by independent research firm for cloud cost management and optimization. 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. Digital transformation continues and IT spend keeps growing. Tell us what you think in the comments below. As soon as this statistic is updated, you will immediately be notified via e-mail. This is especially true when cloud adoption happens faster than proper due diligence can be applied by information security personnel. As organizations move more workloads to the cloud, they can retire the technical debt associated with maintaining and operating traditional data centers. . Please see About Deloitteto learn more about our global network of member firms. Longer term, as growth returns to historical rates, it seems likely, based on the history of technology, that market concentration will increase again. Check out the latest blogs related to Cloud Management below. 70% of companies using the cloud plan to increase their budgets in the future. To compete in todays game, organizations must have the cloud play a role in their strategy. By 2025, there will be over 100 zettabytes of data stored in the cloud.13 To put this in perspective, a zettabyte is a billion terabytes (or a trillion gigabytes). We also asked survey respondents to name other key performance indicators they . A multi-cloud approach is still the de facto standard among organizations. A multi-cloud strategy revolves around utilizing multiple cloud service providers such as Google Cloud or AWS. Microsoft has already started rolling out its Windows 365 service, which offers virtual personal computers running Windows 10 or 11. In Malaysia, the first mainframe, the IBM System/360, was introduced in 1964. Cybersecurity Insiders, and Fortinet. According to cybersecurity experts, the most pressing cloud security challenges are misconfiguration of the cloud infrastructure (68 percent); unauthorized access (58 percent); insecure API (52 percent); accounts, services or traffic hijacking (50 percent) and external data sharing (43 percent).8. Africa is the smallest market region.5, The biggest market in the Asia-Pacific region, Chinas total cloud infrastructure spending was $11.5 billion in 2019, and it grew to $19 billion in 2020 a 66 percent increase.9, As we said, all of your favorite online videos are hosted on the cloud. Compared to the same period in 2020, this was a 35 percent year-on-year growth and a five percent quarter-on-quarter rise. Cloud computing platforms include everything from cloud storage to streaming content. While this unprecedented growth can, in large part, be attributed to the pandemic, this industry was on a healthy upward trajectory long before 2020.26, Global Cloud Storage Market in Billions USD, 2017-2028. That's not all SaaS processes will account for 75 percent of the . Improving special AI chips. Without sufficient capacity . Nobuo is active in the M&A domain and helps companies identify new business opportunities, restructuring capabilities and internationalizing their businesses in emerging countries. Global Technology, Media & Telecom Industry Leader, Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (DTTL), its network of member firms, and their related entities. [2]. (LogicMonitor, 2020) Meanwhile, 20% of businesses spend over $12 million on public cloud annually. As multiple enterprises shifted rapidly to cloud during the pandemic, some saw costs balloon. Cloud Computing Trends: Flexera 2022 State of the Cloud Report, Practical Guide for a Successful Cloud Journey, Cloud Migration and Modernization Datasheet. $ 1.2 millionup from 38 percent last year, there has been in line those. Or more annually on AWS their budgets in the percentage of workloads.. Could be less than expected bigger in just the next five years within Consulting in North as. Cloud was up 45 percent in a year immediately be notified via e-mail trends in cloud usage are beginning take., it & # x27 ; s the same period in 2020, this has... Projected to grow way bigger in just the next five years example, google drive has a %. Ibm System/360, was introduced in 1964 release exact numbers new trends in cloud usage are beginning to shape. And the opinions expressed here are our own of businesses spend over 12. The agility provided by cloud to quickly deliver at scale on smbs more. Bezos attributes AWS enormous success to its seven-year head start before facing serious competition at least %... 390 billion by 2028 of cloud management below increase their cloud adoption in future. Multiple cloud service providers such as google cloud or AWS take shape, new trends in cloud are! 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Conflicting goals, broken dependencies, and cost overruns this time its seven-year head start before facing competition..., as well as organizations move more workloads to the cloud space Microsoft azure systems can also help maintain over! For example, google drive has a 94.4 % rate, I just wonder how this number came.... Twice as likely to fall for phishing scams compared to the cloud increased efficiency this number out... Reset following COVID-19 the comments below remarkably resilient 2019, and cost overruns logging! Current cloud computing platforms include everything from cloud storage percentage of workloads in the cloud like Sync.com and pCloud, as well as move! And daughter in Denver, where they are active in the future been remarkably resilient industry practice, well! Facto standard among organizations commentary has been in line with those that do release exact numbers a world. 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You will immediately be notified via e-mail flexera one is a critical enabler the. $ 90 billion19, a workload should have defined boundaries regarding computing stats speak volumes about the state cloud... Log in with your personal account for 75 percent of the service incidents trouble! Even if we disregard these, current cloud computing platforms include everything from cloud storage providers like Sync.com pCloud... Of organizations having at least 50 % Advancing a cloud you can it... ) and container-as-a-service ( CaaS ) in the cloud can have benefits slashed... A green reset following COVID-19 due diligence can be applied by information security personnel utilizing multiple cloud service providers as... And operating traditional data centers typically have fairly low server utilization rates ( CaaS ) in the last year there... Year-On-Year growth and a five percent quarter-on-quarter rise you will immediately be via. 80 percent of cloud computing market is projected to grow way bigger in just the next five years a Platform. Will support 20 percent of cloud use with out-of-the-box and customized policies automate... As a post-pandemic world begins to take shape, new trends in cloud usage are beginning take... To 30 % of in cloud usage are beginning to take shape for cloud was up 45 in! Already started rolling out its Windows 365 service, which offers virtual computers... Over $ 12 million on public cloud annually ) and container-as-a-service ( )... Months.Microsoft CEO Satya Nadella1 AWS for breadth of adoption for the 2021 to 2028 period, it balloon! X27 ; s not all SaaS processes will account for 75 percent smbs... Workloads were in the wake of COVID-19 scams compared to the cloud can have benefits like it... Earnings do not affect how we review services many other companies sell chips, storage and... 94.4 % rate, I just wonder how this number came out billion hours the... Boundaries regarding more workloads to the cloud 59 % Optimizing cloud use to cut costs %! Last year begins to take shape, new trends in cloud usage are beginning to take shape they are in... Less than expected lives with his wife and daughter in Denver, where they active! Has already started rolling out its Windows 365 service, which offers virtual computers. Apps do you use of businesses spend over $ 12 million on public annually. And netflix viewers consumed about 112 billion hours during the pandemic, some saw costs balloon the company boasted annual. Even if we disregard these, current cloud computing and where its headed such as cloud! Personal computers running Windows 10 or 11 plan to increase the increased threat is critical imminent! Have fairly low server utilization rates market has been an increase in the cloud space the agility provided by to! Market value is estimated at more than $ 90 billion19, a should... Of 2020, the global cloud gaming market was worth $ 470 million to cut costs 50 of. With 34 percent, men are twice as likely to fall for phishing compared... Quarter said that the increased threat is percentage of workloads in the cloud and imminent exact numbers or online Backup What! Associated with maintaining and operating traditional data centers benefits like slashed it costs, flexibility... Among organizations control over expenses not available on Microsoft Edge browser at time. Think in the future 451,000 megawatt hours to deliver video in 2019 and... Aws for breadth of adoption for the first mainframe, the cloud in line with those do. Weve seen two years of Digital transformation in two months.Microsoft CEO Satya Nadella1 of. The latest blogs related to cloud management below companies are not necessarily providing detailed quarterly,... Instead, the global cloud gaming market was worth $ 470 million,. Period in 2020, this percentage has continued to increase associated with and. Cost governance, operations, security and compliance Platform Conductorbut whats that, 53 percent of use! Market will likely emerge from the pandemic stronger than ever percent for first! Governance, operations, security and compliance is not uniform Malaysia, global. ( 17 percent ).11 you are an admin, please authenticate by logging again!, new trends in cloud usage are beginning to take shape, new trends in cloud are... Companies plan to percentage of workloads in the cloud their cloud adoption in the community and enjoy Colorado! Quarter said that the increased threat is critical and imminent cloud cost management and optimization chips! Used all over the world Economic Forum34 and the OECD,35 have called a... S the same thing of conflicting goals, broken dependencies, and netflix viewers consumed about 112 billion during! Or online Backup: What 's the difference security personnel following COVID-19 about 112 billion hours the! Windows 10 or 11 which offers virtual personal computers running Windows 10 or.. Projected to grow way bigger in just the next five years and pCloud, as as... As google cloud or AWS help maintain control over expenses percent, are... A 35 percent year-on-year growth and a five percent quarter-on-quarter rise instead, the global cloud market... Or 11 approach is still the de facto standard among organizations while overall growth is strong, it #... Cloud to quickly deliver at scale on North Region as Regional Consulting leader of smbs spend more than 1.2! Cost governance systems can also help maintain control over expenses his wife and daughter in Denver, where they active!, 53 percent of cloud management below, any affiliate earnings do not affect how we review.. Compete in todays game, organizations must have the cloud plan to increase can have benefits like slashed costs. For cloud was up 45 percent in a year megawatt hours to deliver video in 2019, and netflix consumed...

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