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 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
A RightScale survey 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 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 growing by 25% annually. Spending on Cloud services also overtook total spending on Cloud infrastructure, hardware and software.
- Big four still dominates market share
“This is a market that is so big and is growing so rapidly that companies can be growing by 10-30% per year and might feel good about themselves and yet they’d still be losing market share,”
- 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
Amazon is in a league of their own with their global Cloud infrastructure services market share of 31% – 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, 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 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
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.