The adoption of Cloud computing is one of the most talked about topics in the IT industry at present. Whether they are making the move to a Cloud infrastructure, deploying software or simply storing and backing up files in the Cloud, companies are increasingly concerning themselves with how cloud computing can be of benefit to their business.
Below, we have compiled some of the latest statistics, facts and updates on the state of the Cloud computing industry from research which has caught our attention over the past few months.
Security no longer the top concern
Cloud security is no longer the top concern for companies seeking to adopt Cloud technologies. A survey by RightScale found that 32% of companies now consider a lack of knowledge and resources as the biggest issue as the need for Cloud specific skills and expertise has grown.
30% of Microsoft revenue to come from Cloud
Amazon Web Services, the dominant player in the global public Cloud market, generated $3.2 billion in revenue in Q3 of 2016 alone – an increase of 55% over the same period in 2015. While Microsoft trail far behind AWS, cloud products are expected to account for 30% of their revenue by 2018.
Spend on Cloud services overtakes cloud infrastructure
The Cloud market was valued $148 billion in 2016 and grew by 25% year on year. This was also the year in which spending on Cloud services overtook total spending on Cloud infrastructure hardware and software.
Big four to increase market share
The big four of Amazon, Microsoft, IBM and Google already control more than half of the global market and are growing at a faster rate than the market as a whole. While competitors outside the big four are growing steadily and increasing revenues, their combined market share has decreased year on year.
Global spend to grow by 19.4%
Annual global spend on public Cloud services is predicted to grow at a 19.4% compound annual growth rate to reach $141 billion by 2019. This rate of growth is predicted to be six times greater than the increase in overall IT spending in the same period.
Amazon continues market dominance
Just four companies control more than half of the global Cloud infrastructure services market; Amazon, Microsoft, IBM and Google. However, Amazon is in a league of their own with their market share of 31% being more than three times their nearest competitor Microsoft at 9%.
Continued increased investment in Cloud technologies
41% of businesses are planning to increase their investment in Cloud technologies. This is particularly true of larger companies with 51% of big and midsize companies planning to increase spend compared to only 35% of smaller firms.
File storage most popular use of Cloud computing
A study by Clutch found that while efficiency was one of the main drivers of Cloud adoption, file storage was the most common use in practice. Of the enterprises studied, 70% used Cloud services for file storage, 62% for backup and recovery and just 51% for application deployment.
Lack of strategy remains an issue
While an increasing number of businesses are experimenting with public Cloud services and technologies, many still lack a formal Cloud strategy. A study by Softchoice found that 52% of companies lacked a formalised Cloud strategy and finding the necessary skills and expertise was cited as one of the most difficult tasks.
Cloud deployment to become default by 2020
Gartner have predicted Cloud adoption to increase significantly over the next four years with Cloud deployment of software gradually becoming the default. It is predicted that by 2020 a corporate no-cloud policy will become as rare as a no-internet policy is today.
For more information on Cloud computing and how it can help your business, get in touch with the team at Waterford Technologies by clicking here now.