The cloud computing market is projected to grow way bigger in just the next five years. 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. "Share of Workloads in The Cloud among Organizations Worldwide as of April 2021. The changes that Gartner says are on the horizon will mean major shifts in the way the world does business over the next few years, the results of which Gartner said will be more than 85% of . . You need a Statista Account for unlimited access. Depending on where you live, you may not be able to stream all the TV shows and movies you like. For complete survey results, download the Flexera 2022 State of the Cloud Report. Growth in cloud computing has been a megatrend over the last decade, with the market experiencing triple-digit annual growth as recently as 2015. The combined Public Cloud IaaS and PaaS market is forecast to grow to $400 billion in 2025 with a compound annual growth rate (CAGR) of 28.8% during the 2021-2025 forecast period. Innovation, transformation, and leadership occur in many ways. Get the Deloitte Insights app, 2 years of digital transformation in 2 months, IDC expects 2021 to be the year of multi-cloud as global COVID-19 pandemic reaffirms critical need for business agility, Infrastructure and security challenges threaten multi-cloud and edge deployments, new survey from Volterra shows, Public clouds are bright spot as IT outlays slow due to virus, Hyperscale data center count reaches 541 in mid-2020; another 176 in the pipeline, COVID internet phenomena spotlight report, 2020 to be a bumper year for data centre M&Aamid Covid-19as value surpasses 2019 total, Cloud computing market remains strong, but its not immune to COVID-19, Siemens to let staff Work From Anywhere permanently, Global anything-as-a-service market to reach US$ 344.3 billion by 2024, organizations undergoing digital transformation facilitating growth, Hyperscale operator spending on data centers up 11% in 2019 despite only modest capex growth, Hasty rush to cloud hosting during COVID-19 crisis could set stage for cyberpandemic, Unbundling the cloud with the intelligent edge: How edge computing, AI, and advanced connectivity are enabling enterprises to become more responsive to a fast-moving world, Google Cloud jumps into 5G and telco edge computing with a GMEC vision, COVID-19 leads to shocking cloud computing bills, How to calculate the true cost cloud migration, In times like these you learn to love the cloud, Accelerating agility with XaaS: Many companies are using IT as-a-service to steer their way to competitive advantage, Thriving in the era of pervasive AI: Deloittes State of AI in the Enterprise, 3rd edition, How the great COVID-19 reset can help firms build a sustainable future, Building back better: A sustainable, resilient recovery after COVID-19, Cloud computing is not the energy hog that had been feared, Netflixs Cindy Holland says subscribers watch an average of two hours a day, Data bytes: Cloud CapEx, PUE trends, HPC spending, servers on the edge, AI can do great thingsif it does not burn the planet, Arm Cortex-M55 and Ethos-U55 processors: Extending the performance of Arms ML portfolio for endpoint devices, Corporate Responsibility & Sustainability. 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. By 2024, in contrast, more than 1.5 billion devices will have dedicated edge AI chips (called neural processing units, or NPUs) in them by 2023.46 These NPUs, mainly used for inference, will likely reduce the demand for energy over time: They tend to be more efficient than the chips in data centers, and they eliminate the need to send large data files up to the cloud, which consumes more energy. Cloud computing has profoundly changed the way we live our lives and conduct business. SMBs run fewer and smaller workloads, so it stands to reason their cloud bills would also be lower. 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. 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 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. 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. Accessed March 01, 2023. https://www.statista.com/statistics/1266602/workloads-cloud-organizations-worldwide/. Some companies saw costs rise by 20% to 50% just from the increase in usage, even without adding in the cost of new applications or data.28 Asorganizations migrate, there is also a cost of duplication, withorganizations paying for both cloud and legacy systems at the same time as well as the cost of synchronizing data between them.29 Going forward, companies should think about cost planning (for instance, to take advantage of reserving instances at a discount), which can reduce expensive fixes due to rushed deployments. 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. Cloud computing output rose by 600% between 2010 and 2018, while its energy use rose only 6%.36. container platforms, virtual machines) is also expected to . Plus, all of your favorite online streaming content is hosted on cloud servers, whether its a Netflix series, your Spotify playlist or a YouTube channel. . Cloud security is one of the biggest concerns for businesses. In fact, 76 percent measure their cloud progress according to cost efficiency and the savings they made thanks to cloud. Please enable JavaScript to view the site. As stated by the industry publication SiliconANGLE: Because the big cloud players are so large, they are exposed to industries that have been hard-hit by the pandemic. But as a post-pandemic world begins to take shape, new trends in cloud usage are beginning to take shape. Moving from CPUs to specialized AI chips improves AI power efficiency, but AI chip technology is not standing still either. 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. In calendar Q1 2020, they saw growth explode by 42% compared to the previous year. Workload operations should . Weve seen two years of digital transformation in two months.Microsoft CEO Satya Nadella1. Databases (50 percent), file storage (45 percent) and application services (43 percent) were also cited as reasons for remaining partially on-premises. When viewed at the total company level, very few systems will be only on-premise, only public cloud, or only private cloud. Thats not all SaaS processes will account for 75 percent of the total workload. Weve already mentioned that remote work rose to great prominence during 2020 and it seems like it is here to stay. As soon as this statistic is updated, you will immediately be notified via e-mail. Are you interested in testing our business solutions? Time Machine vs Arq vs Duplicati vs Cloudberry Backup. On top of these concerns, COVID-19 has created an unprecedented wake-up call. However, 53 percent of SMBs spend more than $1.2 millionup from 38 percent last year. Moving to the cloud is a critical business initiative for many organizations. Private cloud - it's designed for internal use by a single organization. We benchmarked our numbers, at least 10 percentage points [of revenue] is what we're saving. How many cloud services and apps do you use? When asked what percentage of workloads organizations already have in the cloud, today 33% are running more than 50% of workloads in the cloud; in the next 12-18 months, that grows to 56%. Workloads can support more than one process. Please do not hesitate to contact me. However, two factors suggest that this decline in growth could be less than expected. 80 percent of cloud management efforts will support 20 percent of the service incidents or trouble tickets. Cloud providers and others in the ecosystem have the opportunity to capitalize on increased usage to grow and flourish, while cloud users can seek to explore new ways for cloud to create value. As a Premium user you get access to background information and details about the release of this statistic. Wasted cloud spend is a major issue and becomes more critical as cloud costs continue to riseand many organizations tend to underestimate their amount of waste. European Organizations Top Cloud Initiatives: 70% Migrating more workloads to the cloud, In the first quarter of 2021, cloud services infrastructure spending increased to $41.8 billion on a global level. Tell us what you think in the comments below. 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. This is followed by optimizing current cloud use to cut down on costs (59 percent) and advancing a cloud-first strategy (50 percent).4. 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. Many times, discussions will assume that a workload is only one item . (May 31, 2021). Apply. . [2] According to European organizations, migrating more workloads to the cloud is the most important cloud initiative. Survey respondents ranked data warehouse, relational database as a service (DBaaS) and container-as-a-service (CaaS) in the top three. 3. Organizations are moving to the cloud because of its scalability, economy and reachand theyre using a variety of metrics to measure its resulting business value. Cloud Computing Trends: Flexera 2022 State of the Cloud Report, Practical Guide for a Successful Cloud Journey, Cloud Migration and Modernization Datasheet. 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. Cybersecurity Insiders, and Fortinet. Companies that have shifted their offerings to an XaaS model have already experienced considerable success with both consumers and investors, challenging conventional valuations and placing pressure on industry players that are retaining traditional business models such as perpetual licensing and long-term contracts.20. In 2021, this is expected to increase by 23.1 percent to a staggering $332.3 billion. By 2025, IT executives expect that 30% of business workloads will reside in the private cloud, while 28% will be in the public cloud. 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. The service gives you access to a Windows cloud computer that works exactly like a physical one does. This shift is driven by the growing interest in leveraging containers to speed deployment, scale operations and increase the efficiency of workloads running in the cloud. Cloud Data Centers Dominate Workload Processing. In 2020, the global cloud computing market was valued at $371.4 billion, and it is estimated that by 2025 it will rise to a staggering $832.1 billion. With a CAGR of 26.2 percent for the 2021 to 2028 period, it will balloon to more than $390 billion by 2028. Without sufficient capacity . Learn more about how Statista can support your business. Gartner surveys indicate that when cloud migrations are complete, an average of 30 percent of the digital infrastructure remains on-premises. 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. The hyperscalers still offer remarkably good value for ad-hoc cloud infrastructure needs where the workload is highly variable or high-growth. Respondents indicated their public cloud spend was over budget by an average of 13 percent, and expect their cloud spend to increase by 29 percent in the next twelve months. 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. The two largest hyperscale providers accounted for 78% of all revenues among the top five hyperscale providers in 2019, and the largest chip company accounted for 82% of total data center semiconductor revenue in the same year.17 At least so far, the effect of COVID-19 has not led to increasing concentration; indeed, the leading hyperscale providers market share declined slightly (bytwo to seven percentage points) during the pandemic-related surge in cloud growth. Michael also leads the GTM and cross-offering efforts within Consulting in North Region as Regional Consulting Leader. There are good reasons to believe the 15% . 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. Available: https://www.statista.com/statistics/1266602/workloads-cloud-organizations-worldwide/, Share of workloads in the cloud among organizations worldwide as of April 2021, Available to download in PNG, PDF, XLS format, Cloud computing worldwide revenue 2015-2022, by segment, Public IT cloud services global market growth 2011-2023, Public cloud services growth worldwide 2022 and 2023, by segment, Global cloud IT infrastructure spending 2013-2026, Public cloud application infrastructure services market 2015-2023, Public cloud business process services market size 2015-2023, Platform as a Service (PaaS) spending by segment worldwide 2016-2022, Communications Platform as a Service market size worldwide 2015-2025, Global current and planned cloud models 2020-2025, by deployment model, IaaS and PaaS revenue by vendor in 2018-2022, Global cloud IaaS/PaaS vendor revenue share 2018-2021, Market share of public cloud IaaS, SISaaS & PaaS vendors worldwide 2019-2020, Leading cloud provider for cloud on-ramps in data centers worldwide 2020, by region, Microsoft's intelligent cloud revenue worldwide 2015-2023, by quarter, IBM cloud & cognitive software revenue worldwide 2018-2020, by subsegment, Enterprise public cloud platform and infrastructure service usage worldwide 2017-2022, Public cloud platform usage and adoption worldwide 2022, by service provider, Private cloud platform service usage worldwide 2017-2022, Private cloud platform service adoption worldwide 2022, by service provider, IT workload distribution globally 2019-2021, by cloud type, Hybrid cloud environment usage worldwide: workloads by type 2017, Prediction as to when 95 percent of workloads are cloud-based worldwide 2017, Cloud data center workloads from 2016 to 2021 in Central and Eastern Europe, Platforms where workloads would run now and in the future 2017, Cloud data center workloads from 2016 to 2021 in Western Europe, Installed cloud workloads worldwide 2015-2021, by cloud type, Cloud workloads as a percentage global cloud data center workloads 2011-2021, Personal cloud storage traffic growth worldwide 2015-2020, Leading cloud services and workloads deployed globally 2016, Installed cloud workload share worldwide 2015-2021, by cloud type, Global cloud data center IP traffic 2015-2021, Cloud computing penetration among large enterprises in France 2014, by industry, Obstacles to cloud computing among small-sized enterprises France 2014, Email services penetration among companies using cloud computing in France 2014, Obstacles to cloud computing among medium-sized enterprises France 2014, Enterprises using cloud storage services in France 2014-2016, Database hosting among entrerpises using cloud computing in France 2014, by industry, Find your information in our database containing over 20,000 reports. 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