percentage of workloads in the cloud

And not only are edge AI chips relatively efficient already, but they are progressing rapidly, with one company announcing that its current edge AI solution is 25 times more efficient than last years model.47. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Although the growth in cloud in the first nine months of 2020 was very high, many forecasts expected it to slow to some extent in subsequent quarters. The combined Public Cloud IaaS and PaaS market is forecast to grow to $400 billion in 2025 with a compound annual growth rate (CAGR) of 28.8% during the 2021-2025 forecast period. The eleventh annual Flexera 2022 State of the Cloud Report (previously known as the RightScale State of the Cloud Report) highlights the latest cloud computing trends, including strategies, challenges and initiatives from a broad cross-section of industries and organizations. Thanks to COVID-19 driving enterprises toward cloud, the cloud market will likely emerge from the pandemic stronger than ever. Although growth declined to 18% in calendar Q3, this still works out to a 36% increase in the first nine months of 2020. 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. Much of this data is stored on cloud file storage solutions, so to help you out with picking the safest ones, weve compiled a list of cloud storage services with the best security and privacy. See: Netflix. Cloud Computing's Catch-22. As articulated by Healthcare IT News: While cloud computing better optimizes the use of resources in health care, it also creates significant risks. Longer term, as growth returns to historical rates, it seems likely, based on the history of technology, that market concentration will increase again. This growth is expected as more organizations migrate their IT workloads to the cloud. In recent years, this percentage has continued to increase. By 2022, projections indicate that this figure will rise to $397.5 billion.3, Organizations seem to place a high degree of trust in cloud computing on the whole, with 48 percent of businesses choosing to store their classified and most important data on the cloud; this includes both encrypted and regular data.10. With a CAGR of 26.2 percent for the 2021 to 2028 period, it will balloon to more than $390 billion by 2028. Instead, the cloud market has been remarkably resilient. You need at least a Starter Account to use this feature. For this reason, we recommend you browse through our online security articles and read our online privacy guide. Highlights include: The increasing use of public cloud is driving up cloud spend for organizations of all sizes, and public cloud spend is now a significant line item in IT budgets. In an April 2020 survey of security professionals, 94% believed that the pandemic increases the level of cyberthreat. KPIs for measuring cloud adoption success. With more than 25 years of experience, he has steered large-scale digital and enterprise transformations, helping to enable enhanced market competitiveness for some of the worlds most influential brands. 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. 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. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (DTTL), its network of member firms, and their related entities. To compete in todays game, organizations must have the cloud play a role in their strategy. Total 2020 revenues are likely to exceed US$35 billion, and could top US$40 billion in 2021. 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. With tools such as Slack (and its many alternatives), working from the comfort of your home is easier than ever before. Do you believe rapid cloud adoption and cloud infrastructure expansion are a good thing, or do you foresee issues with the market of cloud computing in the near future? 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. 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%. These 26 cloud computing statistics are great indicators where the cloud service market is headed. Cloud gaming works similarly to streaming services; rather than installing a video game on your computer, you can stream it to your display instead. May 31, 2021. 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. Criteria for which workloads move to cloud. A quarter (25%) of respondents cited private cloud as their most commonly used deployment model, the highest percentage after multicloud (36%). In calendar Q2, their revenues grew further to 51% year over year. Of financial services companies currently using a majority cloud strategy in the United States, for example, only half (54%) of their workloads are fully deployed in the cloud. Weve seen two years of digital transformation in two months.Microsoft CEO Satya Nadella1. Because of this, 92 percent of organizations already have a multi-cloud strategy.4, Enterprises face many challenges, but three of the most prevalent issues include security (83 percent), managing cloud computing spending (82 percent) and governance (79 percent). Many times, discussions will assume that a workload is only one item . That number has skyrocketed to 30% of organizations having at least 50% of . Data Disk IOPS Consumed Percentage and Data Disk Bandwidth Consumed Percentage; At the VM level: VM Cached IOPS . To use individual functions (e.g., mark statistics as favourites, set 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: So, getting back to that prediction: The reason Oracle believes that 80% of enterprise (and mission-critical) workloads will come to the cloud by 2025, is that second-generation, enterprise-grade . 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. As the leader of Deloitte China Cloud Practice as well as Tech Strategy practice, Michael provides Tech Strategy, Cloud and Digital Transformation service to many large organizations covering industries like Consumer Product, Retail, Energy &Resource, Industry Products, FSI, etc. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. But Zoho's example, along with others who have chosen to . Without sufficient capacity . Their advantages are better control and privacy, as well as increased flexibility.28. On top of these concerns, COVID-19 has created an unprecedented wake-up call. Find out how. Use Ask Statista Research Service, The source phrased the question as follows: "What percentage of your workloads are in the cloud today compared to how it will be in the next 12-18 months? This trend indicates its more critical than ever to get a handle on forecasting and cost optimization. Michael also lead the Strategic Alliance with digital giants including AWS, Alibaba, Huawei, etc. The respondentsglobal cloud decision makers and usersrevealed their experiences with cloud migration, cloud computing, and their insights about the public, private and multi-cloud market. As of 2018, the XaaS market was nearly US$94 billion, and a preCOVID-19 forecast predicted a five-year annual growth rate of 24%, resulting in a market of over US$340 billion by 2024.19 COVID-19 likely will accelerate the growth in flexible consumption models, but even postpandemic, those making this cloud-driven shift can see greater financial predictability, lower unit costs from aggregation, and enhanced customer relationships. In 2017, cloud workloads represented 86 percent of all data . Cloud tools have . We test each product thoroughly and give high marks to only the very best. Nominations are now open for our 2022 ranking! 26 Cloud Computing Statistics, Facts & Trends for 2023. Its huge. 70% of companies using the cloud plan to increase their budgets in the future. Even if we disregard these, current cloud computing stats speak volumes about the state of cloud computing and where its headed. Worldwide, most financial services companies are using some form of cloud technology, with 83% reporting they are using the technology as part of their computer infrastructure, according to a new Harris Poll released by Google Cloud.. Financial service institutions in North America are leading the way in cloud adoption, with 54% in the U.S. saying they use the technology, followed by 52% in . On-premises data centers typically have fairly low server utilization rates. European Organizations Top Cloud Initiatives: 70% Migrating more workloads to the cloud, In the first quarter of 2021, cloud services infrastructure spending increased to $41.8 billion on a global level. Many pundits as well as organizations, such as the World Economic Forum34 and the OECD,35 have called for a green reset following COVID-19. [Online]. While this unprecedented growth can, in large part, be attributed to the pandemic, this industry was on a healthy upward trajectory long before 2020.26, Global Cloud Storage Market in Billions USD, 2017-2028. So look . 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. [ Related read: Kubernetes by the numbers, in 2020: 12 stats to see . Market will likely emerge from the comfort of your home is easier than ever are. X27 ; s example, along with others who have chosen to that has. Pandemic increases the level of cyberthreat 94 % believed that the pandemic increases the level of cyberthreat these 26 computing!, working from the pandemic stronger than ever before including AWS, Alibaba, Huawei etc... Represented 86 percent of all data to use this feature concerns, COVID-19 has created an unprecedented wake-up.! 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