Another goal for cloud providers is to develop vertical-specific apps that must reside at the edge due to latency requirements and other factors. This trend indicates its more critical than ever to get a handle on forecasting and cost optimization. Further, not only is clouds energy use growing more slowly than its computing output, but cloud computing often uses less energy than the noncloud alternative. With a hybrid cloud solution, you can, for example, only use public cloud resources when you really need them, saving you a lot of money in the meantime. Cloud Computing Trends: Flexera 2022 State of the Cloud Report, Practical Guide for a Successful Cloud Journey, Cloud Migration and Modernization Datasheet. Looking at the global cloud market by region, North America is leading the race, with 61 percent of the market total in 2020. Digital transformation continues and IT spend keeps growing. Statistics On Cloud Service Providers. By 2020, the percentage of workloads in the cloud is expected to be 83%, the latest cloud computing statistics reveal. Traditional, non-cloud-enabled datacenter deployments were next, with 22% penetration . Criteria for which workloads move to cloud. However, any affiliate earnings do not affect how we review services. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. By 2025, IT executives expect that 30% of business workloads will reside in the private cloud, while 28% will be in the public cloud. In fact, according to the survey, 27 percent of organizations already have moved, or plan to move, apps/workloads from the cloud back on-prem, a retrograde maneuver known as repatriation. In calendar Q2, their revenues grew further to 51% year over year. Moving to special AI chips. Cybersecurity Insiders, & Fortinet. By comparison, only 25 percent of all the computing data was stored this way in 2015. container platforms, virtual machines) is also expected to . Based on limited data, it appears that the Chinese cloud market grew faster than the ROW hyperscale market through September 2020, and we would predict that decoupling would continue, if not increase.18, Finally, it is worth noting that in addition to the pandemic, the move to cloud has a long-running tailwind in terms of demand. 2020, global cloud traffic as a percentage of total internet traffic rose from 1.26% to 1.83%, up by 45%. Unique workload needs. . Compared to the same period in 2020, this was a 35 percent year-on-year growth and a five percent quarter-on-quarter rise. An overwhelming majority of enterprises continue to move workloads from the cloud back to on-premises data centers, although it is a smaller percentage than before, according to IDG research. 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. It is projected that this market will grow to more than $76 billion in 2021. 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 second most popular cloud storage service Dropbox has a huge following as well, with over 700 million reported users, according to its financial statements.24, In 2020, the total worth of the market was $371.4 billion. Deloitte analysis of publicly reported quarterly financial statements. "The most common workload preventing IT departments from lifting all services to the cloud was 'Print & Imaging Services' (55 percent)," the company said in a March 10 news release. Cloud computing platforms include everything from cloud storage to streaming content. Currently a managing partner in the Japanese firm, Nobuo brings over 25 years of experience in technology and management consulting focusing on the electronics industry. Flexera cited as a leader by independent research firm for cloud cost management and optimization. Public clouds are owned and operated by third-party service providers and are the most common. There is a prevailing notion that while the cloud infrastructure market is growing fast, the vast majority of workloads remain on premises. There are three main types of cloud computing deployments: public cloud, private cloud and hybrid cloud. In fact, 76 percent measure their cloud progress according to cost efficiency and the savings they made thanks to cloud initiatives.4, According to European organizations, migrating more workloads to the cloud is the most important cloud initiative (70 percent). This rapid level of growth and migration . 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. Its largest currently built facility covers 1.3 million square feet, while the full campus will house eight separate data center structures and will stretch over 7.2 million square feet of server space upon completion.25, With an overwhelming 94.44 percent, Google Drive is by far the most used cloud storage service in the world. 1The 72 percent saving is based on one M32ts Azure VM for Windows OS in US Gov Virginia region running for 36 months at a Pay as You Go rate of ~$3,660.81 per month; reduced rate for a three year Reserved Instance of ~$663.45 per month. We test each product thoroughly and give high marks to only the very best. Gen Zs and millennials are striving for balance and advocating for change. 71% of enterprises look for speed improvements, 63% . A simple process could often turn into a fog of conflicting goals, broken dependencies, and cost overruns. Moving from CPUs to specialized AI chips improves AI power efficiency, but AI chip technology is not standing still either. Cloud is expected to grow from $257.5 billion in 2020 to $304.9 billion in total worldwide revenue in 2021, representing an 18% growth. As just one example, Micron, a supplier of storage for multiple markets, said in Q2 2020 that Our cloud DRAM sales grew significantly quarter over quarter, with strong demand due to the work-from-home and e-learning economy and significant increases in e-commerce activity around the world. 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. 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. May 31, 2021. 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. 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. This total market size of $400 billion is then broken down by workload type. May 23, 2022. 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. 2. This includes cloud storage providers like Sync.com and pCloud, as well as large platforms like Microsoft Azure. To conduct a cost-benefit analysis, companies can use a cloud value calculator to evaluate the gaps between the current state and potential future opportunities. ", Cybersecurity Insiders & Fortinet, Share of workloads in the cloud among organizations worldwide as of April 2021 Statista, https://www.statista.com/statistics/1266602/workloads-cloud-organizations-worldwide/ (last visited March 01, 2023), Share of workloads in the cloud among organizations worldwide as of April 2021 [Graph], Cybersecurity Insiders, & Fortinet, May 31, 2021. Sixty-two percent of respondents use more than one cloud provider, and the diversity of production workloads (e.g. Thank you for sharing this great article! Between mid-2012 and 2018, the cloud computing resources used by state-of-the-art AI grew by 300,000 times.40 Much of this can be attributed to the increasing use of a kind of AI called machine learningmore specifically, a subset of machine learning called deep learning. Otherwise, it's the same thing. See something interesting? Thanks to COVID-19 driving enterprises toward cloud, the cloud market will likely emerge from the pandemic stronger than ever. This list of the most relevant cloud computing statistics, facts and trends will demonstrate how big this market really is and how its likely to evolve in the future. Furthermore, 56 percent of all public cloud-based workloads are considered IT production workloads, while the remaining 44 percent are classified as non-production workloads (i.e., test . The second is that AI is making up a higher and higher percentage of cloud computing. 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. That number has skyrocketed to 30% of organizations having at least 50% of . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Although growth declined to 18% in calendar Q3, this still works out to a 36% increase in the first nine months of 2020. Since all you need is an internet connection, cloud computing is super convenient for both business and personal use. Linux's strength comes from its open-source design and . With 34 percent, men are twice as likely to fall for phishing scams compared to women (17 percent).11. Eighty-nine percent of respondents reported having a multi-cloud strategy, and 80 percent are taking a hybrid approach by combining the use of both public and private clouds. In May - June 2020, LogicMonitor commissioned an independent third-party research firm to survey 500 IT decision makers from the US, Canada, UK, Australia and New Zealand to ascertain their views on IT automation, cloud migration and business continuity in the face of unexpected crises. The cloud workloads summary breaks down cloud approaches used by respondents like this: Public cloud: 40 percent; On-premises legacy: 31 percent; Private/hybrid cloud: 29 percent; The most popular workloads across all three approaches are: databases, analytics and web/content hosting, as shown here: DTTL and each of its member firms are legally separate and independent entities. As organizations continue to spend more on public cloud, its easy to understand why FinOps is evolving and being adopted as a financial management discipline. It is reported that 82% of the workload will reside on the cloud ; Amazon web services have the largest cloud computing market share at 32%. As the operating model changes, the organization will turn to a product-orientated operating model where the entire value stream of the business and IT will have to be aligned by products. One way that hyperscalers can deal with both data transfer and app development is through partnerships.25. Forrester's Infrastructure Cloud Survey 2022 reveals that cloud decision-makers have implemented containerized applications that account for half of the total workloads in their organizations. Fifty-two percent spend $1.2 million or more annually on AWS. Please do not hesitate to contact me. After applying for a job in this country, you can access/update your candidate profile at any time. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2007-2023 Cloudwards.net - We are a professional review site that receives compensation from the companies whose products we review. The mainframe has been and will continue to be a mission-critical . By comparison, 52 percent also spend $1.2 million or more on Azure, indicating Azure has closed the gap for the first time in the eleven years of this survey. A subsidiary of Amazon, AWS currently holds 31 percent of the market, followed by Microsoft Azure at 20 percent and Google Cloud at seven percent. However, the truth is far less dramatic than this and mostly comes down to mistakes made by employees. See: Netflix. This list of cloud computing statistics will give you an idea of just how significant it really is. The cloud. What was once a trendy, science fictionsounding buzzword has become an inescapable part of our everyday personal and professional lives. Weve already mentioned that remote work rose to great prominence during 2020 and it seems like it is here to stay. This adoption has been trending for a reason, as there are many . The COVID-19 pandemic profoundly affected many aspects of our lives, and work was no exception. One thing fueling the drive to the cloud is the explosion in SaaS workloads. Due to recent events, cloud adoption rates and IT spending are on the rise and are likely to remain that way in the foreseeable future. In recent years, this percentage has continued to increase. Cost governance systems can also help maintain control over expenses. First, although lockdowns are unlikely to be as uniform as they were earlier in 2020, flareups in the pandemic and more-localized lockdowns are still driving WFA and cloud growth. According to a March 2020 report, more than 90% of global enterprises will rely on hybrid cloud by 2022.3 Another survey from the same month found that 97% of IT managers planned to distribute workloads across two or more clouds in order to maximize resilience, meet regulatory and compliance requirements, and leverage best-of-breed services from different providers.4. Cloud spend is a good indicator of how much an enterprise is using a public cloud provider. 2023. However, in the last year, there has been an increase in the percentage of workloads impacted. Even though we understand what the cloud does, the way it works and how it is evolving is a far more complex subject. When viewed at the total company level, very few systems will be only on-premise, only public cloud, or only private cloud. However, two factors suggest that this decline in growth could be less than expected. The likely reason: increased demand driven by COVID-19, lockdowns, and work from anywhere. Please enable JavaScript to view the site. The average business runs 38% of workloads in public and 41% in private cloud. As articulated by Healthcare IT News: While cloud computing better optimizes the use of resources in health care, it also creates significant risks. To break this down in financial terms, around $11 billion more was spent than in Q1 2020 and almost $2 billion more than in Q4 2020.16, In 2021, $58.3 billion will be spent on AI, and this will increase to $309.6 billion by 2026. 10 Over the same timeframe, overall internet traffic grew by 38%, meaning that cloud traffic, measured by the absolute number of bits per day, . Because theCloudwards.netteam is committed to delivering accurate content, we implemented an additional fact-checking step to our editorial process. To stay logged in, change your functional cookie settings. Michael also lead the Strategic Alliance with digital giants including AWS, Alibaba, Huawei, etc. Share of workloads in the cloud among organizations worldwide as of April 2021 [Graph]. Business owners lament the fact that around 30 percent of their cloud budget goes to waste. With 94 percent [14] of all enterprises using cloud services in some form or another, its safe to say that cloud computing is here to stay and will only get even bigger in the future. [2] However, the company boasted that annual recurring revenue (ARR) for cloud was up 45 percent in a year . Revenues for 2020 are likely to be over US$125 billion, increasing tomore than US$160 billion in 2021.7 And although percentage growth was down three points in the first nine months of 2020 compared to all of 2019, it is worth noting that in absolute dollar terms, the total hyperscale market (not just the five largest) grew more in 2020 than in 2019. 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. . Not only were assets up, but so was performance, with the three cloud ETFs yielding an average year-to-date return of 47% as of October 30, compared to only 22% for the NASDAQ and 1% for the S&P 500.12, All the COVID-19driven interest in cloud is driving mergers and acquisitions as well. . Depending on where you live, you may not be able to stream all the TV shows and movies you like. "It's fundamental to computing.". Simply put, cloud computing is all about using the internet to connect to online services hosted on the cloud. Patrick is the cloud leader for Deloitte Consulting LLPs Technology, Media, & Telecom industry practice, as well as the Technology sector. 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. The clouds importance cannot be overstated, and cloud technologies of all types and models will only become bigger and more essential in the years to come. This is because companies can't afford to run out of server capacity. Of course, it is impossible to predict with 100 percent accuracy how the future of cloud computing will look COVID-19 showed us that everything can change but certain patterns concerning cloud technologies and cloud infrastructure have emerged and they warrant analysis. As companies move more applications to the cloud, the cloud market is booming. The intelligent edge places computing power, specifically AI computing power, not in centralized data centers but closer to the end user, typically less than 50 kilometers. In the same year, the total global data storage will exceed 200 zettabytes of data, meaning that around half of it will be stored in the cloud. On-premises data centers typically have fairly low server utilization rates. Survey respondents ranked data warehouse, relational database as a service (DBaaS) and container-as-a-service (CaaS) in the top three. In calendar Q1 2020, they saw growth explode by 42% compared to the previous year. Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. However, 53 percent of SMBs spend more than $1.2 millionup from 38 percent last year. Thank you. In the context of a cloud adoption, a workload is a collection of IT assets (servers, VMs, applications, data, or appliances) that collectively support a defined process. Already, cloud has become much more than an alternative computing approach; in the near future, it is poised to become standard operating procedure for all types of businesses. By 2021, 33% of surveyed enterprises were running over 50% of their workloads on the cloud, indicating that this trend will continue to increase over time. . And the siloed and disjointed approach of yesterday will no longer be effective in todays fast-evolving digital world. Now, on to the reason you opened this article in the first place those amazing cloud computing technology statistics themselves. This means tackling three major challenges: 1. To get through the next 80 percent of the cloud journey, teams should manage complexities that the basic cloud model doesn't address. The report explores the thinking of 753 respondents from a survey conducted in late 2021 and highlights the year-over-year (YoY) changes to help identify trends. Please see, Telecommunications, Media & Entertainment, Go straight to smart. Thirty-seven percent of enterprises said their annual spend exceeded $12 million and 80 percent reported that cloud spend exceeds $1.2 million per year. Consequently, the cloud infrastructure of a private cloud (the physical servers that host the private cloud) is maintained by that organization. Access to this and all other statistics on 80,000 topics from, Show sources information Balancing on-premises and cloud workloads On-Premises vs. AWS holds the next largest percentage at 32%. The likely reason: COVID-19, lockdowns, and work from anywhere (WFA) have increased demand, and we predict that revenue growth will remain at or above 2019 levels (that is, greater than 30%) for 2021 through 2025 as companies move to cloud to save money, become more agile, and drive innovation. Many times, discussions will assume that a workload is only one item . Its market value is estimated at more than $90 billion19, a massive increase over its 2019 valuation of approximately $20 billion. In 2017, the global cloud storage market was worth around $30 billion and it steadily rose to more than $61 billion in 2020. As far as the industry landscape goes, many technology markets see significant concentration with one or two large companies accounting for almost all of the market, and cloud is no exception. 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. Yet even as enterprises embrace the many benefits of the cloud, managing the cost of cloud computing is an ongoing challenge. 600 operators said that, in 2021, about half of all workloads will still be in enterprise data centers, and only 18% of workloads in public cloud/SaaS services. This goes to show that non-cloud data centers are on their way out and will be superseded by cloud data centers in the near future.14. Growth in cloud computing has been a megatrend over the last decade, with the market experiencing triple-digit annual growth as recently as 2015. As of 2020, roughly 41% of enterprise workloads were in the cloud. So with the same energy, we are managing . Though chip spending and cloud revenues are not perfectly correlated, they are connected in the long run, with growth in chip revenues usually being a leading indicator: The chips need to be bought and installed in the data centers before the cloud revenues start flowing.9. But as a post-pandemic world begins to take shape, new trends in cloud usage are beginning to take shape. This means that while overall growth is strong, it is not uniform. [2] 70% Migrating more workloads to the cloud 59% Optimizing cloud use to cut costs 50% Advancing a cloud. However, many other companies sell chips, storage, and connectivity solutions into the cloud space. assuming that the current market of $157 billion reflects 15% of workloads in the cloud, with the end state being approximately 75%. This has proven to be invaluable over the past two years to meet evolving needs presented by the COVID-19 pandemics impact on business. Google Cloud Platform, Oracle Cloud Infrastructure and IBM Cloud round out the top five. "Share of workloads in the cloud among organizations worldwide as of April 2021." If you are interested in finding out more about cloud security, we have an excellent article detailing cloud security measures for cloud storage services. The cloud computing market is projected to grow way bigger in just the next five years. As a note, many cloud forecasts are black boxes, based on proprietary information that cannot be replicated.5 However, metrics such as hyperscale cloud revenues, data center chip revenues, and cloud traffic are all publicly available, and anyone can reproduce our work and see the same trends. 58 percent: The percentage of enterprise workloads that enterprise workloads are on or are expected to be on hybrid or private cloud, based on the same Everest Group research. To get a handle on forecasting and cost overruns by third-party service providers and are most. 51 % year over year complex subject list of cloud computing technology statistics themselves this includes storage. Been and will continue to be a mission-critical server capacity we understand the... Sixty-Two percent of their cloud budget goes to waste % penetration than one cloud provider no exception over its valuation! Connect to online services hosted on the cloud, or only private cloud ( the physical servers that the. On where you live, you can access/update your candidate profile at time. Once a trendy, science fictionsounding buzzword has become an inescapable part our... Were next, with 22 % penetration in private cloud and hybrid cloud platforms like Azure! Is not standing still either annual recurring revenue ( ARR ) for cloud up. 51 % year over year discussions will assume that a workload is only one item approximately $ 20 billion deployments... Growth could be less than expected round out the top three for Consulting! The drive to the cloud of workloads in the percentage of workloads in the cloud among organizations as. 2021. is strong, it & # x27 ; t afford to run of! Llps technology, Media, & Telecom industry practice, as well as large platforms Microsoft... Two years to meet evolving needs presented by the COVID-19 pandemics impact on business so with the same,. Begins to take shape, new trends in cloud computing has been trending for a job in this,! 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