3 Telling Trends in Cloud-Tech Adoption

8/11/2020

GettyImages-1146501913.jpgWhile developments on the other side of the world may or may not directly impact your everyday operations, there is some strategic benefit in being aware of trends that may soon influence your near-term IT planning–especially since cloud initiatives could amount to as much as 70% of all tech spending by the end of 2020.

1) Global Adoption. The global market for public cloud services will reach $350B this year and exceed $623B by 2023, according to sources cited by HostingTribunal.com. In just five years, 80% of organizations worldwide are predicted to migrate toward cloud, hosting and colocation services. One of the fastest growing cloud-service segments, according to Gartner, is infrastructure-as-a-service (IaaS), with expected growth of 24%.

2) Enterprise Adoption. Ninety-four percent of all enterprises already use at least one cloud service, per data curated by HostingTribunal.com, while 83% of enterprise workloads will be cloud-based by the end of this year. Cost-cutting tops the list of reasons large organizations are adopting cloud services, followed by a goal of adding new features and capabilities. Some 66% of enterprises already have a central cloud team or center of excellence in place to help them assess solutions, set policies and optimize spending.

3) Small Business Adoption. In the next six to 12 months, 78% of small businesses will fully adopt cloud computing. Forty-one percent will favor the public cloud, with more than half of them choosing Amazon Web Services (AWS). Of SMBs who have moved to the cloud: 94% report security benefits; 84% attest to lower costs; 59% report IT-related increases in employee productivity; and 70% are reinvesting savings back into their business.