Summary
- • 93% of organizations use cloud services in some form.
- • Cloud data centers will process 94% of workloads by 2021.
- • 83% of enterprise workloads will be in the cloud by 2020.
- • By 2023, 30% of technology providers' new software investments will shift from cloud-first to cloud-only.
- • Organizations running five or more clouds increased by 80% from 2016 to 2020.
- • Around 94% of organizations use cloud services for their IT operations.
- • The global public cloud services market is expected to reach $623.3 billion by 2023.
- • 78% of US small businesses will have fully adopted cloud computing by 2020.
- • Cloud adoption among the Fortune 500 increased from 12% to 97% over a decade.
- • 83% of enterprise workloads will be in the cloud by 2020.
- • 56% of organizations store sensitive data in the cloud - including regulated data.
- • Global cloud computing market revenue is projected to reach $354.6 billion in 2022.
- • 92% of organizations use public cloud services.
- • Cloud-based file sharing services have 2.3 billion users worldwide.
- • The global managed services market reached $173.7 billion in 2019, driven by cloud adoption.
Beware of the cloud—93% of organizations have already been seduced by its virtual allure, with cloud data centers set to engulf 94% of workloads by 2021. By 2020, a staggering 83% of enterprise workloads will find solace in the nebulous grasp of the cloud. As the tech landscape evolves, a shift from cloud-first to cloud-only is imminent, with 30% of providers diving into its ethereal embrace. With organizations sprouting multiple cloud habitats like rabbits, the cloud market is on a meteoric rise, projected to soar to $623.3 billion by 2023. So, grab your umbrella and join us as we navigate the stormy skies of cloud adoption, where even small businesses are seeking refuge under its digital canopy.
Cloud Adoption Statistics
- 93% of organizations use cloud services in some form.
- 83% of enterprise workloads will be in the cloud by 2020.
- By 2023, 30% of technology providers' new software investments will shift from cloud-first to cloud-only.
- Organizations running five or more clouds increased by 80% from 2016 to 2020.
- Around 94% of organizations use cloud services for their IT operations.
- The global public cloud services market is expected to reach $623.3 billion by 2023.
- 78% of US small businesses will have fully adopted cloud computing by 2020.
- Cloud adoption among the Fortune 500 increased from 12% to 97% over a decade.
- 83% of enterprise workloads will be in the cloud by 2020.
- 56% of organizations store sensitive data in the cloud - including regulated data.
- Global cloud computing market revenue is projected to reach $354.6 billion in 2022.
- 92% of organizations use public cloud services.
- Cloud-based file sharing services have 2.3 billion users worldwide.
- The global managed services market reached $173.7 billion in 2019, driven by cloud adoption.
- Cloud computing is estimated to drive $8.3 trillion in new business revenues by 2025.
- 83% of enterprise workloads will be in the cloud by 2020.
- Enterprises that adopt cloud services enjoy a 20.66% average annual revenue increase.
- 43% of cyberattacks target small businesses, many of which lack secure cloud storage.
- The global cloud storage market is projected to reach $209.2 billion by 2025.
- More than 90% of enterprises will use multiple cloud services and platforms by 2023.
- 81% of businesses have a multi-cloud strategy in place.
- The average organization uses 2.6 public and 2.7 private clouds.
- Cloud computing has saved businesses around $120 billion through energy efficiencies.
- 64% of enterprise workloads will run in the cloud by the end of 2020.
- Cloud services revenue is projected to reach $266.4 billion in 2020.
- 83% of enterprise workloads will be in the cloud by 2020.
- The global cloud computing market size is expected to reach $623.3 billion by 2023.
- Cloud storage adoption increased by 50% in 2020.
- 77% of businesses have at least one application or a portion of their enterprise computing infrastructure in the cloud.
- The public cloud market is expected to grow to $623.3 billion by 2023.
- 66% of enterprise workloads will run in cloud data centers by 2020.
- 90% of companies are investing in cloud services.
- 97% of IT professionals prefer cloud computing for hosting applications.
- The global cloud computing market is projected to reach $832.1 billion by 2025.
- Cloud-based productivity applications are used by 67% of all companies.
- The average business uses 16 cloud-based applications.
- 75% of companies already use at least one cloud-based service.
- Remote work due to the COVID-19 pandemic has accelerated cloud adoption by 67%.
- Cloud computing is expected to increase by 13.6% annually over the next five years.
- The global cloud computing market size is estimated to reach $832.1 billion by 2025.
- 67% of enterprise infrastructure is expected to be cloud-based by the end of 2021.
- Cloud services market growth is expected to reach $624 billion by 2023.
- More than 50% of IT spending will be cloud-based by 2021.
- The global cloud computing market is expected to grow at a CAGR of 17% over the next five years.
- 94% of organizations are already running workloads in the cloud or plan to do so soon.
- Cloud migration projects are expected to grow by 5x in the next year.
- By 2022, cloud adoption is predicted to save businesses $20 billion in energy costs annually.
- 50% of businesses plan to expand their use of cloud services in the next year.
- 91% of businesses are using public cloud services and 72% are using private cloud services.
- 75% of businesses believe hybrid cloud adoption is accelerating digital transformation.
- Cloud adoption is expected to grow by 46% in 2021.
- Cloud storage solutions are expected to reach 204 billion by 2026.
- 68% of companies are using multi-cloud strategies.
- Cloud migration is projected to grow by 23% in the next year.
- 88% of organizations use public cloud services.
- 72% of organizations use a hybrid cloud strategy.
- Approximately 83% of enterprise workloads are expected to be in the cloud by 2022.
- Cloud services will account for 14% of all IT spending globally in 2024.
- The cloud computing market is predicted to reach $1 trillion by 2026.
- 67% of enterprise infrastructure is projected to be cloud-based by 2022.
- Cloud-related IT assets are expected to grow at a CAGR of 17.5% between 2021 and 2026.
- Hybrid and multi-cloud architectures are anticipated to be adopted by 90% of businesses by 2025.
- The adoption of cloud services has the potential to eliminate 80% of typical enterprise infrastructure.
- By 2023, 25% of organizations' application services will be consumed through cloud platforms.
- More than 70% of businesses plan to integrate multi-cloud management tools by 2024.
- The adoption of cloud services has led to a 20% reduction in IT spending for some organizations.
Interpretation
In a world where clouds are no longer just fluffy things in the sky, but integral parts of our digital infrastructure, it seems that everyone is looking up to the cloud for salvation. With statistics showing that organizations are flocking to the cloud like seagulls to a beach, it's evident that the sky's the limit when it comes to cloud adoption. As businesses soar towards the cloud, riding on a wave of cost savings and efficiency gains, one thing is clear - the future is looking decidedly cloudy, in the best possible way. So, raise your heads high and embrace the cloud, for in its digital embrace lies the promise of a brighter, more connected tomorrow. After all, when it rains, it pours - and in this case, it pours innovation and success.
Cloud Computing Budget Allocation
- Enterprises using cloud computing save an average of 21% on costs.
- 90% of organizations plan to increase cloud spending in 2021.
- Cloud computing spending is expected to grow to $19 billion by 2023.
- 91% of enterprises anticipate an increase in cloud spending post-pandemic.
- Global spending on cloud infrastructure is expected to grow by 37.6% in 2021.
- Cloud computing is projected to account for 45% of all enterprise IT spending by 2023.
- Up to 51% of organizations face challenges with managing cloud costs and spending.
- Public cloud services spending is forecasted to reach $332.3 billion in 2021.
- Cloud computing will make up 30% of all IT budgets by 2022.
- 43% of organizations plan to increase their cloud infrastructure spending in 2021.
Interpretation
In a world where clouds are more than just fluffy formations in the sky, the data speaks volumes about the meteoric rise of cloud computing. Enterprises are finding themselves riding high on the cost-saving wave, with a hefty 21% boost in their financial sails thanks to cloud adoption. With 90% of organizations looking to increase their cloud spending in 2021, it seems like everyone is eager to jump onto the cloud bandwagon faster than you can say "cumulonimbus." As cloud spending is forecasted to skyrocket to $19 billion by 2023, it's clear that the future of IT is looking pretty cloudy – in a good way. However, amidst all this enthusiasm, it seems that navigating the cloud can be a bit stormy for some, with up to 51% of organizations grappling with the tempest of managing cloud costs. Nonetheless, with global spending on cloud infrastructure expected to soar by 37.6% in 2021 and cloud computing projected to claim a whopping 45% share of all enterprise IT spending by 2023, it's safe to say that the forecast for cloud adoption is looking bright, with a chance of showers for those unprepared for the cloud revolution.
Cloud Workload Processing
- Cloud data centers will process 94% of workloads by 2021.
- Cloud data centers will process 94% of workloads by 2021.
Interpretation
As the digital landscape continues to expand, it seems that the clouds are no longer just fluffy masses in the sky - they are becoming the powerhouse behind our workloads. With cloud data centers projected to handle a whopping 94% of workloads by 2021, it looks like the sky's the limit when it comes to the future of data processing. So, buckle up and get ready to ride the cloud wave, because it's clear that the future is looking bright - and not just because of the sunny skies above.
Enterprise Workload Trends
- By the end of 2021, 55% of large enterprises will reduce reliance on data centers for running mission-critical workloads.
- By 2023, 33% of organizations' cloud deployments will focus on edge computing.
Interpretation
In a world where the cloud reigns supreme, large enterprises are ditching outdated data centers like yesterday's fashion trend. By the end of 2021, a whopping 55% will have trimmed the fat and streamlined their operations by relying on the cloud for mission-critical workloads. And looking ahead to 2023, organizations are shifting their gaze to the edge with 33% prioritizing edge computing in their cloud deployments. It's clear that the future is all about staying on the cutting edge (pun intended) of technology to stay ahead of the curve.
