GITNUX MARKETDATA REPORT 2024

Multi-Cloud Industry Statistics

Multi-cloud adoption is on the rise, with studies showing that over 80% of organizations have a multi-cloud strategy in place.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the latest statistics and trends in the multi-cloud industry. From the increasing adoption of multi-cloud strategies by organizations to the growing market size of multi-cloud management platforms, these statistics shed light on the evolving landscape of cloud computing. Join us as we analyze the data that reveals the dynamic nature of multi-cloud environments and their impact on businesses worldwide.

Statistic 1

"Organizations use an average of 2.6 public clouds and 2.7 private clouds."

Statistic 2

"As per Cisco, by 2021, 94% of workloads will run in some form of cloud environment."

Statistic 3

"The global multi-cloud management market size was valued at USD 1.6 billion in 2020."

Statistic 4

"The multi-cloud management platform market is expected to grow to $6.1 billion by 2023."

Statistic 5

"45% of companies implement a combination of big data and cloud."

Statistic 6

"About 93% of businesses have a multi-cloud strategy."

Statistic 7

""Lift and shift" is the most common cloud migration tactic, employed by 38% of businesses."

Statistic 8

"83% of enterprise workloads will be in the cloud by 2020."

Statistic 9

"88% of all US businesses use public cloud and 63% use private cloud."

Statistic 10

"Over 30% of tech leaders said that security is a major concern for cloud adoption."

Statistic 11

"60% of American businesses store sensitive data in the cloud."

Statistic 12

"85% of businesses expect to have the majority of their workloads cloud-based by the end of 2020."

Statistic 13

"North America holds the largest share of the multi-cloud management market."

Statistic 14

"81% of organizations cite security as the major challenge to cloud adoption."

Statistic 15

"The global cloud computing market size was valued at USD 369.53 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.9%."

Statistic 16

"60% of workloads were running on a hosted cloud service in 2019, up from 45% in 2018."

Statistic 17

"The percentage of enterprises that have a hybrid cloud strategy grew to 58% in 2019."

The statistics presented in this blog post highlight the widespread adoption and growth of multi-cloud environments in organizations globally. The data indicates a clear shift towards leveraging both public and private clouds, with a significant portion of workloads expected to operate within cloud environments in the near future. The increasing market size of multi-cloud management platforms also reflects this trend. However, challenges such as security concerns remain prevalent, emphasizing the importance of robust security measures in cloud adoption strategies. Overall, the data underscores the transformative impact of cloud technologies on modern businesses and the necessity for strategic planning and management in this evolving landscape.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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