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101 Cloud Computing Statistics That Will Blow Your Mind Updated 2024
101 Cloud Computing Statistics That Will Blow Your Mind Updated 2024
(Updated 2024)
cloudzero.com/blog/cloud-computing-statistics/
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Globally, the cloud computing market will surpass $1 trillion by 2028. (Precedence Research)
The global cloud computing market grew from $24.63 billion in 2010 to $156.4 billion in 2020. That’s a
635% jump.
Only 3 out of 10 organizations know exactly where their cloud costs are going (CloudZero, The State
Of Cloud Cost Intelligence 2022 Report)
A cloud bill can comprise hundreds of millions or billions of rows of data (FinOps Certification)
An Amazon Cost & Usage Report is too large to load into Excel all at once. Instead, Amazon splits its
monthly CUR into many separate files. Good luck understanding them. (FinOps Certification)
97% of enterprise cloud apps are unsanctioned, because departments, teams, or employees purchase
new tools to support their productivity efforts. (Osterman Research)
Modernizing and integrating apps with public cloud services is a top priority in the next three years.
(VMware)
You can reduce your Total Cost of Ownership (TCO) by as much as 40% by migrating your business to
the public cloud (Accenture).
80% of organizations are using multiple public or private clouds. (Virtana)
The world creates 2.5 quintillion bytes of data every day. (Osterman Research)
Fun Fact: A “FinOps Hug”: A state of harmony between finance and engineering teams.
About two-thirds of respondents currently operate in a public cloud and 45% use a private cloud —
versus 55% who still rely on traditionally managed on-premises systems.
48% plan to migrate at least half of their applications to the cloud in the next year; 20% intend to move
all their applications to the cloud.
47% are pursuing a cloud-first strategy; 30% are already cloud-native; 37% intend to be cloud-native in
about three years.
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Only 5% plan on switching from the cloud to on-premises infrastructure (cloud repatriation).
About 39% of respondents are already running at least half of their workload on the cloud. Another 58% said
they planned to run that much workload in the cloud in the next 12-18 months.
Credit: Fortinet’s survey of the percentage of workloads businesses run in the cloud in 2022
By 2023, 31% of organizations expect to run 75% of their workloads in the cloud. Some 27% of them plan to
run at least 50% of their business processes in the cloud by then.
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More enterprises are exploring a multi-cloud or hybrid cloud approach rather than just using a public
cloud or private cloud strategy. More on this later.
54% will move their workloads to the public cloud in 12 months.
There’s more.
Organizations with 1,000 or fewer staff invest big in the cloud (Source: TechRepublic)
About 44% of traditional small businesses use cloud infrastructure or hosting services. That’s compared to
66% of small tech companies and 74% of enterprises.
There is one more thing. The public cloud will host 63% of SMB workloads and 62% of SMB data within the
next year.
The U.S. and Western Europe still dominate cloud computing (Source: ReportLinker)
Combined, these two regions account for 82% of the world’s cloud computing. This chart shows cloud
adoption by country and region according to Gartner:
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Credit:Gartner 2022
40% of organizations in developing regions are currently evaluating and planning cloud
strategies (Oracle and IDC)
The cloud computing industry is not just booming in developed economies. According to new Oracle
findings, cloud computing is rapidly developing in Sub-Saharan Africa (SSA) as well as in the Central and
Eastern Europe (CEE) regions.
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As of now, 30% of respondents said they use the cloud. Among companies with more than 2,500 employees,
half are planning or evaluating cloud strategies as are 41% of those with 1,000 to 2,500 employees.
Cloud Computing is becoming more popular across lines of business teams (Oracle and
IDC)
Lines of business (LoBs) are even more involved (40%) than IT (38%). That’s a good thing. Both units are
leveraging the cloud’s power in different areas of their organizations more than they used to.
Cloud computing boosts gross margins and profitability (Source: Wipro FullStride)
In its global survey of 1,300 C-Suite executives, Wipro FullStride Cloud Services showed that a well-
executed move to digital increased revenue and profitability.
While SaaS companies reported the highest margins, others also enjoyed notable gains. As an example,
finance executives reported revenue increases of up to 15% and profitability increases of up to 4%.
Another survey by Deloitte showed small and medium businesses that used cloud computing made 21%
more profit and grew 26% faster.
Here’s the kicker. The survey concluded that your organization needs to have at least 60% of its workload in
the cloud to realize noteworthy financial gains.
Some 65% of respondents who identified as “Optimizers” told IBM that cloud computing helped them reduce
time to market. Check this out:
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Credit: IBM’s Beyond Agility – How Cloud is Driving Enterprise Innovation Report
Cloud computing reduces upfront startup costs, including setup and maintenance costs.
Also, operating in the cloud converts your Capital Expenditure (CapEx) to Operating Expenditure (OpEx),
freeing more resources to fund your operations and growth.
Security is the top benefit of cloud computing, according to 60% of C-Suite executives — ahead of cost
savings, scalability, ease of maintenance, and speed.
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Credit: Oracle’s Security in the Age of AI Report
It makes sense, considering they also cited human error as the most significant threat to security. The cloud
supports automation, which reduces the risk of human errors that cause security breaches.
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Credit: Oracle
Cloud-based solutions support business resilience best practices such as remote working, pivoting to a new
business model, and disaster recovery.
For example, Aberdeen found that cloud-based businesses could resolve disaster recovery issues in just 2.1
hours, as opposed to 8 hours for businesses that didn’t use cloud services.
According to Accenture, organizations with persistently high environmental, social, and governance (ESG)
scores enjoyed 4.7x larger operating margins versus low ESG performers between 2013 and 2019.
Accenture made this chart to compare carbon emissions between cloud vs on-premises operations:
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Credit: Accenture
Over 50% of SMEs technology budget will go to cloud spend in 2023 (Source: Zesty)
SMEs spent 47% of their technology budgets on cloud services in 2022, a 67% increase from 2021 to 2022.
In 2023, their cloud investment will surpass 50% of their tech budget.
In 2023, Gartner estimates global end-user spending on public clouds will reach over $599 billion, up from
$421 billion in 2021 and nearly $500 billion in 2022.
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Credit: Gartner’s Worldwide end-user cloud spend forecast 2021-2023
The forecast also shows IaaS, DaaS, and PaaS, respectively, will see the highest growth in spend during the
period.
31% of enterprises spend over $12 million on public cloud services every year (Source:
RightScale 2022)
Most enterprises have a lot of workloads running in the cloud — and they are investing to host it there. This
survey shows enterprise plans to increase their cloud budgets to support this drive into the future.
54% of small and medium-sized businesses spend more than $1.2 million on the cloud
(Source: RightScale)
RightScales’s findings also show a noteworthy increase in SMBs that spend more that $1.2 million annually
compared to 38% two years ago.
Also, IDC predicts SMBs will increase their cloud spend by 31% to support further adoption.
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Cloud costs are higher than expected for 6 in 10 organizations (Source: CloudZero)
As companies invest more in the cloud, only 4 in 10 organizations have their cloud costs around where they
expect.
Some 490 out of 1,000 respondents said their cloud costs were a little higher that where they should be
while 110 reported cloud costs were way too high.
Some 58% of all respondents in the survey of 501 IT executives worldwide expect a slight increase in cloud
spending. Some 13% of them expect a significant increase. Compare that to just 2% who expect a significant
decrease and 10% who expect a slight decrease in their cloud spend.
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Credit: 2022 Tech Spend Pulse
58.7% of IT spending is still traditional but cloud-based spending will soon outpace it
(Source: Gartner)
According to Gartner, traditional IT spending still dominates cloud spending. However, its 2019-2025 forecast
predicts cloud-based spending will continue to grow while traditional IUT spending will continue to shrink,
eventually falling behind cloud spend from 2025.
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Credit: Gartner forecast on cloud spending growth vs traditional IT spending until 2025
But is all this spending really worth it? What kind of returns are companies getting from their cloud
investments?
Cloud waste averaged 30% of companies’ cloud budgets in 2021, according to Flexera. In 2022, that figure
jumped to 32%. Considering Gartner’s estimation that cloud spend reached nearly $500 billion in 2022, that
2% increase might represent a massive amount of money in wasted cloud spend.
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Credit: Wasted cloud spend, State of the Cloud Report by Flexera
There’s more:
In 54% of cases, cloud waste stems from a lack of visibility into cloud costs.
According to 44% of executives, at least a third of their cloud spend is wasted.
Complex cloud pricing is a challenge for 50% of respondents.
Nearly half of respondents said managing multi cloud environments is challenging.
42% of CIOs and CTOs consider cloud waste the top challenge (Source: Zesty)
Often, waste occurs from overprovisioning and inability to scale rapidly. This led to a 67% annual increase in
amounts allocated to cloud services, increasing to 47% in 2022 from 29% in 2021.
Also, 58% of respondents said the most challenging aspect of managing cloud costs was finding the right
cloud offering for their workload.
Over half of enterprises are struggling to see cloud ROI (Source: PwC)
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About 53% of enterprises were yet to see “substantial value” from their investment in the cloud.
Credit: How much value do companies see from cloud investments? – PwC research
This is true for many organizations — and it can be aggravating for companies that moved to the cloud for
cost savings.
1-3 years is the average payback period for cloud investment (Source: McKinsey)
Firms like McKinsey show companies might not see cloud benefits immediately. Instead, they can expect to
gain significant benefits within 1-3 years of implementing cloud computing best practices.
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Credit: McKinsey’s
7 out of 10 companies aren’t sure what they spend their cloud budget on (Source:
CloudZero)
The 2022 State Of Cloud Cost Intelligence Report shows that only 30% of surveyed organizations knew
where their cloud budget was going exactly — a truly grim picture of cost attribution in the cloud.
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This means most companies struggle to allocate cloud costs accurately because they are not sure what,
why, and who drives their cloud costs.
Also, the larger the company, the bigger the cost visibility problem was:
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Compared to smaller organizations, larger organizations often have less understanding of how much exactly
they spend on various business aspects.
The challenge highlights the need to adopt a robust cloud cost optimization solution like CloudZero.
CloudZero’s cloud cost intelligence approach breaks down complex cloud bills into unit costs you actually
care about and can make sense of. It then presents that data to you as:
The result: CloudZero empowers you to not only tell what, why, and who is driving your cloud costs, but to
also connect your cloud costs to your business goals. That means CloudZero helps you pinpoint where to
reduce usage or increase investment to cut costs or increase ROI, respectively.
Only 22% of respondents said they were unable to detect cloud cost anomalies instantly or within minutes.
Some 8% of respondents said they noticed cost anomalies after a week or more, 14% after days, and 56%
in hours.
Only 23% see less than 5% cloud cost variance (Source: CloudZero)
In terms of how much cloud cost variance organizations are seeing, CloudZero found:
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49% of business leaders cite measuring value as a major barrier to achieving cloud ROI
(Source: PwC)
In addition, 48% of CFOs lack confidence in their ability to measure cloud ROI.
We see this as yet another cloud cost visibility issue because once you understand who, what, why, and how
you spend your cloud budget, it is much easier to determine whether your investment is paying off.
For example, you can identify which processes, teams, or products consume the most cloud resources,
analyze each one’s return on investment, and cut their spending in favor of the best performers.
24% measure cloud value in terms of faster innovation and delivery (Source: PwC)
Some 126 out of 524 technology leaders at Fortune 1000 companies told PwC that faster innovation and
faster service/product delivery was the top way they measured the value of the cloud — followed by
improved operational resiliency.
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Credit:PwC Cloud Business Survey
59% use 3+ tools to manage and optimize their cloud (Source: Anodot)
This makes it tough to collect, analyze, and understand cloud resource usage with accuracy, let alone
optimize utilization. Add to that adopting complex cloud-native technologies such as containers, Kubernetes,
and microservices, and tracking costs becomes even more complicated.
63% of tech execs say cloud cost optimization is still key in 2023 (Source: Zesty)
The leaders are prioritizing cloud cost optimization to maximize their Cloud ROI. Since at least three years
ago, most organizations with workloads in the cloud have made this a top priority, along with cloud security.
Amazon Web Services dominates with 34% market share (Source: Synergy Research
Group)
In Q2 2022, AWS commanded 34% of the cloud market, a 1% increase year-over-year. Azure is
second with 21% of the market, followed by Google Cloud (10%), Alibaba (5%), and IBM (4%).
Amazon’s revenue from AWS grew from 5.62% in 2014 to 13.24% in 2021.
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The survey also showed the cloud market continues to grow 34% year-over-year.
Fun fact: It took Netflix seven years to migrate to AWS.
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83% enterprises use Azure vs. 77% for AWS.
Enterprises are running more VMs on Azure than they are on AWS — 71% run more than 51 VMs on
Azure vs 69% of enterprises that run VMs on AWS
Flexera also found 53% of enterprise users on Azure spend over $1.2 million each year vs. 52% on AWS.
Salesforce and Adobe are the most valuable SaaS companies today (Source: Mike
Sonders)
Salesforce invented the modern SaaS model about 25 years ago, and provides some of the best SaaS tools
for businesses today.
Despite Salesforce earning much more, Adobe recently overtook Salesforce as the largest public SaaS
company by valuation, according to Mike Sonders.
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Credit: Mike Sonders
Adobe has a market cap of $241 billion, while Salesforce is worth $220 billion in 2023, according to Mike
Sonders. Then again, Salesforce made $31.4 billion in revenue for fiscal year 2023, an increase of 18% from
the year before.
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Adobe made $17.61 billion in fiscal year 2022, an increase of 15% over 2021 results. Discover today’s best
SaaS companies in our snackable guide.
Diverse players are great at different offerings (Source: Synergy Research Group)
Consider this:
Snowflake is the most valuable data cloud today (Source: Mike Sonders)
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According to the site, Snowflake has a market cap of $57 billion in 2023. It provides data lake and
warehousing services and has been a publicly traded company since October 2020. The company
generated $2.067 billion in revenue for fiscal year 2023.
In the same space is Databricks, which made over $1 billion in revenue for the year 2022. It’s data
warehousing product alone crossed $100 million in annual recurring revenue (ARR) in April 2023. Its market
cap dropped from $38 billion in 2021 to $31 billion after it trimmed its internal share price in October 2022.
Databricks plans to go public soon.
54% of respondents use three different cloud storage providers (Source: GoodFirms)
The research firm had some interesting findings:
About 300 out of 600 respondents said they use cloud storage for work although personal usage is on
the rise.
Google Drive, Dropbox, OneDrive, and iCloud make the four most used personal cloud storage
services.
87.96% use cloud storage for website purpose compared to mobile apps at 89.35% and 10.65% for
desktop apps.
The research also found that younger individuals were more likely to use cloud storage for personal use
rather than for work purposes.
The cloud market grew by 34% in Q1, 2022 alone (Source; Synergy Research)
Not only that, but Synergy Research Group reported the cloud computing market size surged 29% in Q2,
2022.
SaaS is still leading the charge. Yet, cloud services are booming across a range of sectors. That includes
Desktop-as-a-Service (DaaS) and Business Process-as-a-Service (BPaaS. ).
It is also true that some cloud delivery models are growing more rapidly than others.
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SaaS dominates cloud services delivery models (Source: Gartner)
The cloud application services market generated over $152 billion in end-user spending in 2021, by far the
leader compared to IaaS ($91 billion), and PaaS ($86 billion). Gartner forecasts SaaS will generate more
than $208 billion in end-user spending in 2023.
Google Cloud’s IaaS offering is growing the fastest at 63% (Source: Gartner)
While AWS dominated IaaS with a 38.9% market share in 2020/2021, GCP’s IaaS offering grew 63.7%
followed by Huawei Cloud (56.3%), Azure (51.3%), and Alibaba Cloud (41.9%). AWS grew 35.6% between
2020 and 2021.
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Credit: IaaS market share growth 2020/2021
Cloud Computing Strategy Statistics: Public Vs. Private Vs. Hybrid Vs. Multi-
cloud
Organizations are using two or more clouds at the same time for a variety of reasons, as you’ll see here.
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Credit: Fortinet
Typically, organizations deploy or test on 3.4 public clouds and 3.9 private clouds. (Flexera)
4 out of 5 companies use two or more IaaS or PaaS providers. Some 86% have at least 11 SaaS
providers, and a third have more than 50.
80% of organizations use multiple public cloud providers. (Virtana)
As a result, respondents told Virtana they had difficulty visualizing and controlling costs across multiple
public and private clouds:
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Credit: Virtana State of Hybrid Cloud
Sixty-seven percent of respondents say they use a public cloud, 55% maintain their own infrastructure
on-premises, and 45% of organizations use a private cloud. (O’Reilly)
Only 8% of organizations use just a single public IaaS provider. (Cisco)
Experts also expect cloud strategies to evolve from ‘private’ or ‘public’, to ‘dedicated’ or ‘shared’.
59% of tech Leaders use hybrid or multicloud for security (Source: Zesty)
CIOs, CTOs, and other tech leaders said they don’t want to depend on one vendor’s security protocols and
believe their data is safer with multiple cloud providers.
56% of respondents said they wanted the unique technological advantages that a specific cloud
provider offered
395 cited cost efficiency as a reason for adopting a hybrid cloud or multicloud strategy
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Microsoft Azure Stack usage grew to 37% in 2022 to dislodge VMware vSphere (31%) from the top spot,
according to the State of the Cloud Report.
Notably, tools purchased outside of IT scored higher at 54% engagement. This may suggest employees find
more value in the tools they choose on their own.
The average department now has 40-60 tools, however cross-functional apps are the most popular.
The average number of apps in the security, engineering, and IT departments is higher at 78, 77, and
61, respectively.
IT departments do not own or manage 56% of SaaS applications.
68% SaaS sprawl for companies with less than 500 employees.
52% SaaS sprawl for companies with less than 2,000 employees.
52% SaaS sprawl for companies with more than 2,000 employees.
Overall cloud services usage is likely to increase as cloud spend increases vs. on-premises spend as you
can see in the next section.
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Even though on-premises spending still dominates IT spending, the gap is narrowing. Fast.
$8 out of every $10 for IT spend goes to cloud services (Source: McKinsey)
In 2024, most enterprises plan to spend $8 out of every $10 on cloud-based IT hosting. A separate Morgan
Stanley survey found that cloud computing will see the highest growth in IT spending in 2022.
The amount spent on application software will increase from 57.7% to 65.9% in 2025.
The percentage of cloud-based application software expenditures will rise from 57.7% in 2022 to
65.9% in 2025.
That said, which sectors of the economy are driving cloud services growth?
Here are some interesting cloud computing statistics to know in this area:
For example, CloudZero offers a single pane of glass to view, understand, and act on all your cloud costs.
You can collect, analyze, and understand your AWS, Azure, and GCP costs in one place. In addition, you
can view your platform costs from Kubernetes, Snowflake, MongoDB, Databricks, Datadog, and New Relic.
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You get it all in one place without sacrificing the clarity, granularity, and actionable intelligence you’ve come
to expect from CloudZero, including cost per customer, per team, per project, per feature, per environment,
and more. Schedule a demo here to see how CloudZero works.
A staggering 80% of organizations report widening visibility gaps across their cloud operations and
infrastructure. The blindspots hamper their ability to monitor workload performance, security threats, and
cloud costs, as a few examples:
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Credit: Challenges associated with a lack of cloud visibility
99% say comprehensive cloud monitoring has direct business value (KeySight)
Most respondents in KeySight’s State of Cloud Monitoring report said they used monitoring solutions to
identify performance degradation, malicious traffic by source, and more. Check this out:
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82% of teams use automation to optimize cloud costs (Source: NetApp)
According to the 2023 State of CloudOps report, 70% of organizations have deployed commercial, open-
source, or custom cloud cost management solutions. A further 82% believe automation is “critical” or “very
valuable” for optimizing cloud ROI and streamlining cloud operations.
At least 30% of organizations need to master shared and untagged costs in the cloud
(Source: FinOps Foundation and CloudZero)
In three out of ten cases, shared costs are not split in any way. Another 46% of respondents said they use
the proportional model, 32% split shared costs by percentage, and 10% said by even split (average cost per
X).
By using a robust cloud monitoring tool, you can identify the people, products, and processes driving your
usage patterns, performance, and costs — even if you use a multi-tenant architecture.
There are a few platforms that already do this, such as CloudZero (for multi-cloud and Kubernetes cloud
costs) and Kubecost (Kubernetes cost analysis).
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CloudZero lets you capture the cost of tagged, untagged, and untaggable resources in the cloud, as well as
allocate 100% of shared costs
Cloud Computing Stats By Industry: Which Industries Use Cloud Services The
Most?
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While cloud adoption statistics show all industries are embracing cloud services, a closer look shows some
sectors invested much more than others.
Cloud-native development is gradually becoming the new normal for tech companies
(CNCF)
To fully capitalize on the cloud, tech companies need to leverage cloud-native technologies. A new report
from the Cloud Native Computing Foundation shows that they are making progress. The report shows 30%
of companies are using cloud-native techniques for development, such as GitOps, containers, and rapid
release cycles (CI/CD).
Health records make up 23.2% of sensitive data in the cloud (SANs Institute)
Healthcare providers are leveraging the cloud to collect, analyze, share, and take action on various
diagnoses more quickly. Digital health access helps patients receive the care they need, including quick
referrals and information exchanges that can save their lives.
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Credit: IBM Institute for Business Value
Retail & Ecommerce is the Most Proactive Cloud Services User (Source: O’Reilly)
The Cloud Adoption survey found the most proactive cloud usage by industry came from Retail &
Ecommerce, Finance & Banking, and Technology (software). Government (16%) and electronics & hardware
(25%) used cloud services the least in 2022.
Over 30% of commercial real estate leaders will invest in cloud computing (Deloitte)
The Deloitte survey included 400 commercial real estate professionals who were asked what technologies
they planned to invest in. The executives agreed that cloud computing was the top priority, followed by
blockchain, artificial intelligence, and data analytics.
In manufacturing, smart robots will contribute to Industrial Revolution 4.0 (Research and
Markets)
The smart robots will drive factory automation, presenting a $2.13 billion opportunity by 2027. Connected
things (IoT) will bring a $24.1 billion opportunity in that time, according to the findings.
63% of educators plan to manage education offerings using curriculum software (The
Learning Counsel)
A school management system helps collect and manage data about students, faculty, and staff. Using a
cloud-based system can ease the burden of planning lessons for 74% of teachers who feel overwhelmed,
allowing them to create student-centric learning programs with ease.
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According to Data Bridge, growth in the global school management system sector will average a CAGR of
17.1% between 2021 and 2028. By 2028, the market will be worth $41.26 billion.
Consider this:
More than 60% of corporate data is now stored in the cloud (Source: Thales Group)
The data includes sensitive information, such as personal details about employees, customers, patients, and
business records. Consequently, security analysts feel uneasy about this, according to the 2022 Thales Data
Threat Report.
Finance and accounting records are the most common type of sensitive corporate data
stored in the public cloud (Source: SANs Institute)
Business records make up nearly 55% of regulated or sensitive data in the public cloud, according to the
2022 Cloud Security Survey by SANs. Data about employees follows (48.9%), while records about
customers and health are stored in the cloud quite frequently.
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BetterCloud’s SaaSOps survey found similar results:
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Credit: State of SaaSOps report
The cloud will host more than 100 zettabytes of data by 2025 (Source: Forbes)
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Cloud usage generates a colossal amount of data daily. Within three years, the world will generate over
200,000 terabytes of data. Half of that will be stored in the cloud. This emphasizes the increasingly important
need to capture, process, analyze, secure, and make the most of the data.
By 2025, Cisco estimates there will be more than 75 billion Internet of Things devices worldwide. This figure
covers connected devices across B2B and B2C segments, such as smart homes, intelligent security
systems, and connected cars.
Data is a critical organizational asset for 90% of organizations. That makes data analytics a core
competency every organization will want to develop. Data fabrics use APIs to break down silos, allowing
organizations to consolidate data access, management, and security across multiple cloud providers.
A centralized data management framework reduces vendor lock-in and allows organizations to utilize their
distributed services to gain a unified view of their operations.
46% of European companies store all their data in the cloud (Source: Thales)
Thales Europe found that 43% of the data is classified as ‘sensitive’. While a quarter of companies admit to
suffering a breach in the past year, only 54% of their sensitive data is encrypted.
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The concern is justified, considering that:
The cost of a data breach in 2023 was about $4.5 million on average (Source: IBM)
IBM’s Cost of Data Breach Report found the financial consequences of a single breach can take $4.45
million to resolve, up from $4.35 million in 2022. The healthcare sector is particularly sensitive, with the
average breach costing the most of any sector; $10.10 million (IBM).
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Data breaches exposed more than 22 billion records (Source: Risk Based Security and
FlashPoint)
The breaches occurred through 4,145 publicly disclosed breaches, down 5% from 2020. But that number
could increase 5% in 2022 and beyond, according to the survey findings. .
73% believe cloud technology has created more complexity (Source: Fujitsu and Vitreous
World)
The survey also found that 70% of CIOs think cloud technologies mean they have less control. This
inadequate control is particularly felt in cloud cost management, which is the biggest challenge in cloud
computing today – as shared earlier.
It takes almost two hours on average to resolve server downtime (Source: Veeam)
The Data Protection Trends Report showed that 95% of organizations struggle with unexpected outages.
The average outage lasts almost 2 hours (117 minutes).
For a High Priority application, an hour of downtime costs $67,651, while for a Normal application, it costs
$61,642. Clearly, downtime is unacceptably costly in today’s business environment.
Add Service Level Agreement (SLA) obligations and other forms of inconveniences and business losses,
and you are looking at even larger damage.
Organizations ranked the following threats as the most significant security threats to their public clouds:
Misconfiguration (68%)
Unauthorized access (58%)
Insecure interfaces (52%)
Hijacking of accounts (50%)
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Meanwhile, most apps have fewer than three security certifications, while IT-owned apps are more likely to
use SSO. Similarly, many organizations had not prioritized cybersecurity and compliance:
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Statistics About Factors That Are Limiting Cloud Adoption
Apart from cloud security concerns, organizations pointed several other issues as the biggest unforeseen
factors that slow or stop cloud adoption.
In addition, enterprises and SMBs have issues acquiring expertise and managing compliance in the cloud,
respectively.
According to findings in the 2022 Cybersecurity Insiders Report by Fortinet, cloud adoption limitations
include
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Lack of security (22%)
A major obstacle to controlling cloud costs is not getting “true visibility” into costs:
Credit: Anodot
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There is more.
SaaS companies are moving away from massive discounting (OpenView Venture Capital)
A good 68% of SaaS companies are discounting their prices in less than a quarter of all deals according to
the State of SaaS Pricing report.
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A further 29% report that their sales team offers “very little discounting“. This is helping them generate more
revenues and maintain their margins.
The problem may not have been discounting. They may have been unsure how much discount to offer –
especially without hurting their margins. We recommend you use cost per customer to determine how much
you spend to support a specific customer — like this:
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This information can help you pinpoint how much you can discount that particular customer without
compromising your margins on their contract.
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AWS Lambda and Google Cloud Run are particularly popular. Companies are using serverless to improve
performance, streamline server management, and tighten control over cloud costs.
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Organizations want to use cloud computing to meet ESG goals (Source: PwC)
Some companies are leveraging cloud computing to meet their environmental, social, and governance
(ESG) goals. Check this out:
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In three years, the remote desktop market will exceed $4 billion (Source: Research and
Markets)
This figure covers sales from organizations, sole traders, and partnerships. RXemote desktop software lets
local users access remote computers’ desktop environments and resources remotely. This has the potential
to further streamline remote working, collaboration, and technical customer support.
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Green computing is on the rise (Source: GEC)
By 2025, IT could account for 8% of global GHG emissions. The Green Electronics Council estimates it has
helped save nearly 400 million megawatt-hours through the 1.5 billion green products it has recommended
so far.
What’s Next?
Ultimately, we’ll continue to see more workloads move to the cloud as the benefits of adopting cloud
computing outweigh the challenges for many players.
We get it, though. It can be frustrating not knowing where your cloud spend is going — especially when you
don’t know whether you are investing more or simply overspending.
CloudZero will help you transform your cloud bill from this:
To this:
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Simple, granular, and actionable cloud cost insights at your fingertips, including cost per customer, team,
software feature, product, engineering project, computing environment, and more.
CloudZero’s unique code-driven cost optimization approach helps you achieve all this without endless cost
allocation tags.
But don’t take our word for it. Schedule a demo today to discover how CloudZero can help you manage and
optimize your costs across AWS, GCP, Azure, Snowflake, and Kubernetes, all in one place.
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Author: Cody Slingerland
Cody Slingerland, a FinOps certified practitioner, is an avid content creator with over 10 years of experience
creating content for SaaS and technology companies. Cody collaborates with internal team members and
subject matter experts to create expert-written content on the CloudZero blog.
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