For many years, cloud adoption has been a tremendous and strategic move by enterprises to decrease cost, alleviate risk, and attain database capabilities. Cloud means software and services residing and operating on the Internet, not on a local computer or on-premise server networks. Based on the depth of adoption, enterprises move to mature cloud practices and services. Cloud is vital for identifying potential security thefts and secure databases. In the last decade, many business organizations have adopted, and others are planning to move ahead. These cloud adoption trends indicate the growing value and utility of cloud for business in modern times. Read the content and find out cloud adoption statistics related to small-medium businesses (SMBs), big enterprises, government organizations, and different countries.
Statistics of Cloud adoption
Undoubtedly, the cloud is already a big deal. It is up to business owners and technology companies to keep growing and make the most out of the most disruptive technology. Have a look at the most covetous statistics showing why cloud adoption will change the business scenario in the coming years.
Highlights of Cloud Adoption
- The public cloud service market to reach $623.3 billion by 2023.
- 30% of all IT budgets are assigned to cloud computing.
- 50% of enterprises employ more than $1.2 million on cloud services yearly.
- 66% of enterprises already have a cloud center of excellence.
- 67% of enterprise infrastructure will be cloud-based by 2020.
- 81% of all enterprises have a multi-cloud strategy.
- 83% of enterprise workloads will be in the cloud by 2020.
- 94% of enterprises already use a cloud service.
- Cloud usage will be higher than 50% throughout the COVID-19 pandemic.
- At 32%, Amazon web services have the largest cloud computing market share.
- In 2021, the public cloud infrastructure will grow by 35%.
- Platform-as-a-Service (PaaS) to grow in adoption to 56% by 2020.
- $1.3 trillion+ in IT spending will be shifted to the cloud by 2022.
- On average, business organizations influence almost five different cloud platforms.
- Cost-cutting is the prime reason why enterprises of all sizes and types prefer to pick up the cloud.
- 68% of enterprises now consider themselves “intermediate” or “advanced” in terms of the use of cloud technology. This pace is slow, but it is encouraging.
- About 45% of business enterprises selected some hybrid solutions, whereas 31% prioritize public cloud, 9% prioritize an on-premises private cloud, and 6% opt for hosted private cloud.
Small and Medium Businesses (SMBs)
- Cloud is secure and cost-effective. So, about 94% of SMBs grow the security elevation by preferring cloud adoption.
- 94% of SMBs ensured security benefits after adopting a cloud strategy. 59% of SMBs reported significant productivity benefits.
- Cloud adoption helped about 82% of SMBs get reduced costs. So, about 70% are planning to reinvest in the emerging technology.
- 51% of SMBs spend less than $120,000 per year.
- About 44% of enterprises prefer single or multiple public clouds. 24% go for a single public cloud, and about 61% have a multi-cloud strategy.
- Amazon Web Services capture the cloud market when it comes to Public Cloud services adoption rate amongst SMBs. With 53% market capture, AWS leads the tally.
- Azure has also grown from 32% to 41%. Google Cloud has just 18% of the market share.
- Almost 50% of US government agencies aggressively use cloud services to secure IT infrastructure and save costs.
- Their cloud spending will grow by 17.1% annually until 2021.
- 60% of government agencies employ an internal team to grip cloud migration.
- Still, 40% of agencies prefer to go with the services provided by an external service provider.
- 74% of experts believe that the cloud will be a major factor in the banking sector by 2021.
- 15% of experts think the cloud will be a moderate factor.
- 70% of experts expect the cloud to become a significant factor in the retail sector by 2020.
- 88% of UK businesses were using cloud services in 2018.
- Only 26% of EU enterprises used cloud computing in 2018.
- About 40% of enterprises used cloud computing in European countries like Finland, Sweden, Denmark, the Netherlands, Ireland, the UK, and Belgium. In Bulgaria and Romania, about 10% of enterprises used cloud computing.
- About 90% of enterprises in the Asia and Pacific region use or plan to use a multi-cloud environment.
- 50% of enterprises in the Asia region concentrate on migrating workloads from their internal environments.
- About 95% of enterprises take security concerns for making hybrid cloud decisions.
- 56% of companies find cloud adoption critically important and a hard requirement.
*Data showed above come through sources: Gartner, Synergy, Forbes, Flexera, Macquarie Government, The Economist Intelligence Unit, Eurostat, etc.
What is next for Cloud adoption enthusiasts
Organizations interested in adopting cloud-based technologies have to make the following measures to ensure security and accountability of data and apps in the cloud services. With these steps, cloud enthusiasts can make a big difference. These include:
- Analyze the security policies of the cloud service provider.
- Analyze the history of transparency and security-related practices.
- Match the security needs of the enterprises with cloud service provider’s security capabilities.
- Understand technical aspects of data and documentation of service providers’ roles and responsibilities.
- Also, know more about certifications and compliances owned by the service provider.
All established, small, or medium-sized companies can make the most out of cloud technology by picking up the best cloud adoption framework. DevOps and Cloud experts define, execute, and manage your cloud adoption journey with a perfect cloud strategy.
Note that strategic cloud adoption and migration can help enterprises achieve their data safety and security objectives in the cloud efficiently.