As technology continues to evolve, businesses are turning to cloud computing to enhance their operations and stay competitive. The cloud allows users to access data and applications remotely, freeing them from the constraints of local hardware and software. Simply put, cloud computing offers a cost-effective way for businesses to access enterprise-level resources and software without the need for expensive installations or upgrades.
But what does the future hold for cloud computing? As we are running into 2023, it’s essential to keep an eye on emerging trends and developments in this space. To help you make informed decisions about your company’s technology strategy, we’ve compiled some eye-opening statistics on the cloud computing trends. So, whether you’re a startup or a seasoned enterprise, read on to learn more about what the cloud can do for you.
Statistics related to Data Storage-
- The volume of data being stored on the cloud is set to skyrocket in the coming years. By 2025, it’s estimated that more than 100 zettabytes of data will be stored on the cloud – that’s a staggering one billion terabytes or one trillion gigabytes! To put this in perspective, it’s predicted that almost half of all data storage worldwide will be located on the cloud by 2025, a significant increase from the 25% that was stored there just a few years ago in 2015. As cloud technology continues to evolve and improve, the growth in cloud-based data storage is only set to continue.
- The cloud revolution is in full swing, and the numbers don’t lie. In 2021, an astonishing 94% of all workloads were handled by cloud data centers, with SaaS procedures responsible for 75% of that workload. These figures are a clear indication that non-cloud data centers are rapidly declining and are likely to be phased out in favor of their more flexible, efficient, and scalable cloud counterparts. So, if you haven’t already, it’s time to embrace the cloud and take your business to the next level.
- On average, employees use 36 cloud-based services each day, highlighting the widespread adoption of cloud apps in the workplace. The versatility of the cloud has resulted in an extensive range of services, with over 210 distinct collaboration tools alone. With so many options available, it’s no surprise that businesses typically rely on 1400 cloud-based applications to stay ahead.
- Did you know that 92% of organizations have adopted a multi-cloud strategy? This means that they are using multiple cloud services from providers such as Google Cloud or AWS. By integrating these services, companies can switch to a backup option if one of the services becomes unavailable. This ensures that there is always a functional backup in place for recovery in case of any unforeseen circumstances. A multi-cloud approach offers flexibility and resilience, making it an essential component of modern technology infrastructure.
- Any new cloud-based server can house around 120 tablets and 600 mobile devices. The explosive use of electronic devices is directly tied to the rapid expansion of cloud computing. There are already more than 13,000,000 servers dispersed over the globe. Investments made by businesses in technological infrastructure will surely aid in the sector’s exponential growth.
Statistics pertaining to Financial Stability –
- The macroeconomic environment is causing the cloud leaders to use cloud-based services and products more frequently (41.4%), plan to switch from traditional company software to cloud-based tools (33.4%), and move workloads from on-premises to the cloud (32.8%).
- When it comes to cloud cost optimization, personnel efforts are prioritized by cloud decision-makers. In order to optimize their cloud cost, more than half of the organizations either hire fresh talent or retrain their current workforce.
- A survey involving cloud FinOps practitioners was conducted in 2022 in which 572 participants addressed the issue concerning the maturity level of their cloud FinOps activities. 37.1% stated that they were still in the “crawl” stage or setting up the foundation. Just 19.5% of participants were at the cutting edge of maturity, where cloud FinOps is considered standard operating procedure (the “run” stage), while another 41.7% were in the “walk” stage, where practitioners have created practices but have not yet polished them. A “pre-crawl” segment consisted of the remaining respondents.
- Every industry can benefit greatly from the cloud. A comprehensive examination of cloud cost-optimization levers and value-driven business use cases predicts that Fortune 500 businesses will have access to more than $1 trillion in run-rate EBITDA in 2030.
- Cloud usage is predicted to improve organizational agility, speed up innovation, and shorten time to value. More than half of businesses will adopt sector-specific cloud platforms by 2027 to speed up their business activities. Industry cloud platforms allow users to switch from generic solutions to systems tailored to their industry’s specific needs.
- Automated cloud cost optimization procedures help prevent wastage of money and time. Over 40% of technical and business staff use automated policies to terminate workloads beyond working hours. Automated cloud cost optimization procedures may ensure that businesses consistently check their environments to cut down on waste while saving time.
- Businesses are finding it difficult to control their cloud spending. Utilization of cloud services is growing, and businesses worry that their costs are out of control. Additionally, it’s getting more challenging to create precise budgets. Estimates were created but were ultimately miscalculated by an average of 24%. It is more important than ever for businesses to properly optimize their costs for efficient resource allocation.
- Technology and business leaders across the globe desire a cloud computing service provider to assist them in identifying technology solutions to boost revenue or cut costs, according to the majority (54%) of them. Additionally, 50% of respondents identify a “strategic partner” as someone who knows where the business is headed towards and comes up with solutions for future needs. 50% believe that a services organization would not only set up but maintain their infrastructure.
- Over 45% of all company IT spending will be on public clouds. Facts about cloud computing for 2022 indicate that the sector will expand significantly during the next few years. According to experts, by 2026, the public cloud will receive roughly half of commercial IT investment.
- Cultural variables, not technical factors, are the primary markers for an organization’s software security practices. As compared to low-trust, high-blame cultures that are more concerned with authority or regulations, high-trust, low-blame cultures that are performance-oriented were 1.6 times more probable to exhibit superior adoption of developing security practices.
- When it comes to ransomware, Europe is set to surpass the United States as the more frequently targeted region. Businesses all over the world continue to be significantly impacted by ransomware. Although reports claim that the United States is the nation that is the target of ransomware attacks the most, early signs suggest that ransomware activity is declining in the United States. The total number of victims in Europe has been rising, and if this trend goes on, Europe will probably even overtake Asia as the most frequently attacked region by 2023.
- In 48 % of cases, businesses opt to store their most confidential and private information on the cloud involving encrypted as well as unencrypted data. This indicates that organizations generally have a high level of faith in cloud.
- 94% of firms report considerable increases in internet security after migrating their data to the cloud, demonstrating how safe cloud technology is. Furthermore, a sizable 91% of respondents said cloud technology is extremely helpful for meeting government compliance needs. When transporting data, cloud infrastructure providers use cutting-edge encryption techniques to make sure no unauthorized person may access your personal data.
- On the other hand, another study suggests that concerns about cloud security are mentioned by 75% of businesses.8 Only 25% of respondents overall were unbothered to moderately concerned, whereas 33% were highly concerned and 42% were very concerned.
- According to cybersecurity professionals, the most serious cloud security concerns are –
- account, service, or traffic hijack -50%
- unauthorized entry -58%
- unsecured APIs – 52%,
- incorrect setup of the cloud infrastructure
- external sharing of information -43%
Sustainability and Cloud Computing
- Business leaders believe that technological innovation will have an impact on the long-term success of their company. Over 91% of survey participants feel that technology assists their organization to be more sustainable.
- Sustainable technology has become ever more vital. Performance measures related to the long-term viability of the IT industry will be implemented by 50% of the management of these companies by 2025. A structure of technological innovations called sustainable technology can be applied to allow Environmental, Social, and Governmental results.
- Plenty of businesses continue to fail when it comes to removing the internal obstacles that stand in the way of attaining corporate sustainability. Executives were asked to name the biggest obstacles that they think are stopping them from attaining sustainable development, the top responses included a lack of money invested in the appropriate technology (36%), a lack of knowledge about the problem (36%), an excessive focus on business development and earnings (34%), a lack of funding for sustainability initiatives (34%), and a lack of incentives from regulators or political commitment (34%).
- Every aspect of the digital assets has the potential to lower carbon emissions with the aid of digital technologies. To create an economy with a net-zero deficit in Europe, at least 20–25% of the reductions will be made possible by digital technologies.
Cloud Computing Leaders
- With a 32% market share, Amazon Web Services dominates the cloud computing industry.
- When it comes to free cloud storage services, iCloud and Dropbox are the most widely used with 300 million users each.
- Google Drive concentrates mostly on enterprise solutions, have taken over some of Dropbox’s user base. If this pattern continues, the market’s largest storage provider will soon face severe rivalry.
- IBM bought RedHat for $34 billion in 2019 in an effort to have a solid foothold in the hybrid cloud sector. The transaction ranked as the third-largest acquisition in tech history and among the costliest software acquisition ever. IBM had to spend substantially more than necessary, indicating its desire to compete with the biggest names in the hybrid market.
- The US Government is one of the top users of cloud computing. 48% of state and federal agencies make use of numerous cloud-based services. The government’s modernization and optimization initiatives are completely centered on the cloud. Their consistent transition to Amazon AWS is proof of this.
- However, the most frequent consumers of the cloud are banks. The use of other cutting-edge technology, such as blockchain, in their day-to-day operations is largely responsible for this.
With its strength and adaptability, cloud computing may offer businesses a variety of advantages, from cost savings to enhanced flexibility and security. We have discussed the statistics surrounding cloud computing to help you better understand its future and scope. Cloud computing may give you the tools and resources you require for success, whether you run a small or large organisation. Need help to make your business cloud-friendly, contact us!