As organizations move more workloads to the cloud, they can retire the technical debt . Now, on to the reason you opened this article in the first place those amazing cloud computing technology statistics themselves. In calendar Q1 2020, they saw growth explode by 42% compared to the previous year. This can help optimize infrastructure, increase staff productivity, and enhance business value.30, New opportunities for value.Moving to the cloud is not only allowing organizations to recover but positioning them to thrive postpandemic, increasing resilience and supporting business continuity at first, and then allowing to them to do new things and offer new services. To compete in todays game, organizations must have the cloud play a role in their strategy. Weve put together a list of 26 of the most interesting, relevant and revealing cloud computing statistics that demonstrate how big the cloud is and how its predicted to evolve. In 88 percent of cases, human error is to blame for cloud breaches, not cloud providers. He has also served on the board of the Colorado Technology Association. IT workload distribution globally 2019-2021, by cloud type; Hybrid cloud environment usage worldwide: workloads by type 2017; Prediction as to when 95 percent of workloads are cloud-based . Your email address will not be published. SMBs run fewer and smaller workloads, so it stands to reason their cloud bills would also be lower. Azure has surpassed AWS for breadth of adoption for the first time. Highlights include: ", Vendor market share in cloud infrastructure services market worldwide 2017-2022, Amazon Web Services: quarterly revenue 2014-2022, Public cloud services market size 2017-2023, Revenue of Salesforce.com broken down by cloud service 2015-2022. By 2024, in contrast, more than 1.5 billion devices will have dedicated edge AI chips (called neural processing units, or NPUs) in them by 2023.46 These NPUs, mainly used for inference, will likely reduce the demand for energy over time: They tend to be more efficient than the chips in data centers, and they eliminate the need to send large data files up to the cloud, which consumes more energy. Traditional, non-cloud-enabled datacenter deployments were next, with 22% penetration . A new study from the Cloud Security Alliance (CSA) and cloud security company AlgoSec finds that over half of organizations are running 41 percent or more of their workloads in public clouds . Workloads can also depend on other shared assets or larger platforms. Each article that we fact check is analyzed for inaccuracies so that the published content is as accurate as possible. With an average compound annual growth rate (CAGR) of 21 percent, this market is predicted to grow to $223.98 billion in revenue by 2028.15. When sizing the market for public cloud, it is therefore important to understand what percentage of total enterprise workloads are in the public cloud (vs. elsewhere). Linux's strength comes from its open-source design and . In May - June 2020, LogicMonitor commissioned an independent third-party research firm to survey 500 IT decision makers from the US, Canada, UK, Australia and New Zealand to ascertain their views on IT automation, cloud migration and business continuity in the face of unexpected crises. To get through the next 80 percent of the cloud journey, teams should manage complexities that the basic cloud model doesn't address. This total market size of $400 billion is then broken down by workload type. The likely reason: COVID-19, lockdowns, and work from anywhere (WFA) have increased demand, and we predict that revenue growth will remain at or above 2019 levels (that is, greater than 30%) for 2021 through 2025 as companies move to cloud to save money, become more agile, and drive innovation. In that regard, cloud computing can help, not hinder, progress toward a more sustainable future. Please create an employee account to be able to mark statistics as favorites. With tools such as Slack (and its many alternatives), working from the comfort of your home is easier than ever before. Some companies saw costs rise by 20% to 50% just from the increase in usage, even without adding in the cost of new applications or data.28 Asorganizations migrate, there is also a cost of duplication, withorganizations paying for both cloud and legacy systems at the same time as well as the cost of synchronizing data between them.29 Going forward, companies should think about cost planning (for instance, to take advantage of reserving instances at a discount), which can reduce expensive fixes due to rushed deployments. Azure (80 percent running workloads) was the only provider to increase their adoption rate YoY. Are you interested in testing our business solutions? 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. As of 2020, roughly 41% of enterprise workloads were in the cloud. In fact, according to the survey, 27 percent of organizations already have moved, or plan to move, apps/workloads from the cloud back on-prem, a retrograde maneuver known as repatriation. A cloud workload is essentially a resource or service consuming computing power in the cloud. Data and IT security (74%), regulatory reporting (57%), and fraud detection and prevention (57%) rank among the highest workload adoption. Because theCloudwards.netteam is committed to delivering accurate content, we implemented an additional fact-checking step to our editorial process. Thirty-three percent reported spending $1.2 million or more on Google Cloud Platform. One thing is certain: to remain competitive and maximize the available advantages, organizations must make strategic decisions about cloud computing, cloud architecture, usage of public clouds, effective tooling, cloud migration and cost management. With 94 percent [14] of all enterprises using cloud services in some form or another, its safe to say that cloud computing is here to stay and will only get even bigger in the future. One thing fueling the drive to the cloud is the explosion in SaaS workloads. (LogicMonitor, 2020) Meanwhile, 20% of businesses spend over $12 million on public cloud annually. Get the Deloitte Insights app, 2 years of digital transformation in 2 months, IDC expects 2021 to be the year of multi-cloud as global COVID-19 pandemic reaffirms critical need for business agility, Infrastructure and security challenges threaten multi-cloud and edge deployments, new survey from Volterra shows, Public clouds are bright spot as IT outlays slow due to virus, Hyperscale data center count reaches 541 in mid-2020; another 176 in the pipeline, COVID internet phenomena spotlight report, 2020 to be a bumper year for data centre M&Aamid Covid-19as value surpasses 2019 total, Cloud computing market remains strong, but its not immune to COVID-19, Siemens to let staff Work From Anywhere permanently, Global anything-as-a-service market to reach US$ 344.3 billion by 2024, organizations undergoing digital transformation facilitating growth, Hyperscale operator spending on data centers up 11% in 2019 despite only modest capex growth, Hasty rush to cloud hosting during COVID-19 crisis could set stage for cyberpandemic, Unbundling the cloud with the intelligent edge: How edge computing, AI, and advanced connectivity are enabling enterprises to become more responsive to a fast-moving world, Google Cloud jumps into 5G and telco edge computing with a GMEC vision, COVID-19 leads to shocking cloud computing bills, How to calculate the true cost cloud migration, In times like these you learn to love the cloud, Accelerating agility with XaaS: Many companies are using IT as-a-service to steer their way to competitive advantage, Thriving in the era of pervasive AI: Deloittes State of AI in the Enterprise, 3rd edition, How the great COVID-19 reset can help firms build a sustainable future, Building back better: A sustainable, resilient recovery after COVID-19, Cloud computing is not the energy hog that had been feared, Netflixs Cindy Holland says subscribers watch an average of two hours a day, Data bytes: Cloud CapEx, PUE trends, HPC spending, servers on the edge, AI can do great thingsif it does not burn the planet, Arm Cortex-M55 and Ethos-U55 processors: Extending the performance of Arms ML portfolio for endpoint devices, Corporate Responsibility & Sustainability. As organizations continue to spend more on public cloud, its easy to understand why FinOps is evolving and being adopted as a financial management discipline. Workloads can support more than one process. Thirty-seven percent of enterprises said their annual spend exceeded $12 million and 80 percent reported that cloud spend exceeds $1.2 million per year. (May 31, 2021). Thats the only way we can improve. It is projected that this market will grow to more than $76 billion in 2021. Basically, the only difference is who owns the infrastructure. In 2017, cloud workloads represented 86 percent of all data . Balancing on-premises and cloud workloads On-Premises vs. 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. AWS holds the next largest percentage at 32%. So with the same energy, we are managing . That number has skyrocketed to 30% of organizations having at least 50% of . 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. Initially, all AI computing took place on general-purpose central processing unit (CPU) chips. What is your opinion on cloud computing? "It's fundamental to computing.". . If you are looking to make your cloud migration process a lot easier and even automate it to a great extent, we invite you to check out our list of the best cloud-to-cloud management services. As a Premium user you get access to background information and details about the release of this statistic. 2023. Respondents indicated their public cloud spend was over budget by an average of 13 percent, and expect their cloud spend to increase by 29 percent in the next twelve months. to incorporate the statistic into your presentation at any time. Faced with lockdowns, social distancing and similar measures, a large portion of the workforce needed to move online. Their advantages are better control and privacy, as well as increased flexibility.28. Another goal for cloud providers is to develop vertical-specific apps that must reside at the edge due to latency requirements and other factors. In the same year, the total global data storage will exceed 200 zettabytes of data, meaning that around half of it will be stored in the cloud. Founder Jeff Bezos attributes AWS enormous success to its seven-year head start before facing serious competition. He is the lead researcher on semiconductor topics for the US TMT Center and for Deloitte Global. Many times, discussions will assume that a workload is only one item . The intelligent edge is not a replacement for enterprise and hyperscale cloud data centers, but a way to distribute tasks across the network to increase timeliness, connectivity, and security.24 In the intelligent edge model, much of the data that used to always go to the data center doesnt go there anymore, and hyperscale providers should make sure this data finds its way back to centralized clouds for analysis and AI trainingand ensure that theyre not cut out of access to this data. When we move to cloud providers, the rate of efficiency using servers is 85%. Cloud Usage Statistics 13. 1The 72 percent saving is based on one M32ts Azure VM for Windows OS in US Gov Virginia region running for 36 months at a Pay as You Go rate of ~$3,660.81 per month; reduced rate for a three year Reserved Instance of ~$663.45 per month. This has proven to be invaluable over the past two years to meet evolving needs presented by the COVID-19 pandemics impact on business. Patrick is the cloud leader for Deloitte Consulting LLPs Technology, Media, & Telecom industry practice, as well as the Technology sector. In 2020, the global cloud computing market was valued at $371.4 billion, and it is estimated that by 2025 it will rise to a staggering $832.1 billion. Beena Ammanath, Susanne Hupfer, and David Jarvis. 26 Cloud Computing Statistics, Facts & Trends for 2023. 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. The three largest semiconductor companies that disclose segmented data center sales saw their combined revenues grow by only 3% in 2019 to just under US$30 billion. Organizations are moving to the cloud because of its scalability, economy and reachand theyre using a variety of metrics to measure its resulting business value. Plus, all of your favorite online streaming content is hosted on cloud servers, whether its a Netflix series, your Spotify playlist or a YouTube channel. DTTL and each of its member firms are legally separate and independent entities. This question focused on percentage of existing workloads, rather than where the main workload was located or what would happen in the future (a more objective representation). We also asked survey respondents to name other key performance indicators they . Profit from the additional features of your individual account. For their part, cloud users should consider the following factors as they continue to migrate to cloud: The cloud migration strategy. Azure pricing as of 30 October 2018 (prices subject to change). Cloud gaming works similarly to streaming services; rather than installing a video game on your computer, you can stream it to your display instead. By 2025, IT executives expect that 30% of business workloads will reside in the private cloud, while 28% will be in the public cloud. The virtual computer can be streamed to any device you choose, which promises to bring a revolution in cloud computing, if everything works as planned. While an earlier study by Spiceworks Ziff Davis had found that cloud use accounted for 40 percent of workloads, that percentage was expected to increase to 50 percent of workloads by 2023 . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Sixty-two percent of respondents use more than one cloud provider, and the diversity of production workloads (e.g. Cloud computing platforms include everything from cloud storage to streaming content. However, any affiliate earnings do not affect how we review services. 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. Two megatrends account for much of cloud computings energy demands. Prepandemic, cloud migration was already often complex. As one example, the next-generation AI GPU Tesla T4 from Nvidia doubled the energy efficiency for inference AI compared to its predecessor, Tesla P4.45, Moving some AI processing to the edge. If you are an admin, please authenticate by logging in again. However, not just any VPN will suffice check out our best VPN for Netflix and how to watch Disney+ outside the U.S. articles to find out which VPNs will do the trick (we also have a VPN statistics article). Well be looking at 26 of the most interesting, relevant and game-changing stats all across the industry, from cloud adoption rates and security concerns, to enterprise infrastructure, cloud computing spending and much more. Learn more about how Statista can support your business. 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. The cloud computing market is projected to grow way bigger in just the next five years. The report explores the thinking of 753 respondents from a survey conducted in late 2021 and highlights the year-over-year (YoY) changes to help identify trends. Second, in the longer term, the WFA forced experiment15 is being seen as a success by many workers and employers. assuming that the current market of $157 billion reflects 15% of workloads in the cloud, with the end state being approximately 75%. "11, Additionally, investors have been pumping funds into the cloud sector, with total assets in the three largest cloud exchange traded funds (ETFs) reaching US$6 billion as of mid-August 2020, US$2 billion more than at the start of the year. Revenues for 2020 are likely to be over US$125 billion, increasing tomore than US$160 billion in 2021.7 And although percentage growth was down three points in the first nine months of 2020 compared to all of 2019, it is worth noting that in absolute dollar terms, the total hyperscale market (not just the five largest) grew more in 2020 than in 2019. Yet even as enterprises embrace the many benefits of the cloud, managing the cost of cloud computing is an ongoing challenge. More than 70% of companies have now migrated at least some workloads into the public cloud, according to Gartner research. Otherwise, it's the same thing. But as a post-pandemic world begins to take shape, new trends in cloud usage are beginning to take shape. 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. In 2020, the global cloud gaming market was worth $470 million. 71% of enterprises look for speed improvements, 63% . Global Technology, Media & Telecom Industry Leader, 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. According to one Canadian AI researcher, The concern is that machine-learning algorithms in general are consuming more and more energy, using more data, [and] training for longer and longer.41. to receive more business insights, analysis, and perspectives from Deloitte Insights. A multi-cloud approach is still the de facto standard among organizations. 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. Its time to revitalize, rebuild and reimagine the future. Digital transformation continues and IT spend keeps growing. The appropriately named Citadel is the largest data center ever constructed, and is located in Tahoe Reno, Nevada. The key measure for measuring the environmental intensiveness of cloud computing is power usage effectiveness (PUE), in which great strides have been made. Register in seconds and access exclusive features. Optimizing usage is a cost-control measure and migrating workloads can save money while driving agility. Thanks to COVID-19 driving enterprises toward cloud, the cloud market will likely emerge from the pandemic stronger than ever. The second is that AI is making up a higher and higher percentage of cloud computing. SMBs run fewer and smaller workloads, so it stands to reason their cloud bills would also be lower. Based on market share, the largest cloud computing company in the world is Amazon Web Services. Cloudwards.net may earn a small commission from some purchases made through our site. Going forward, cloud can support benefits including collaboration, automation, scale, innovation, and agility.31 For example, with regard to innovation, two-thirds of respondents in a 2018 Deloitte survey said that cloud fully allowed them access to the newest technologies.32 Another study showed that 93% of companies surveyed used the cloud for some or all of their AI needs, requiring less investment in infrastructure and expertise.33. A . In fact, 76 percent measure their cloud progress according to cost efficiency and the savings they made thanks to cloud. (Source . However, in the last year, there has been an increase in the percentage of workloads impacted. In 2021, this is expected to increase by 23.1 percent to a staggering $332.3 billion. This growth is expected as more organizations migrate their IT workloads to the cloud. How many cloud services and apps do you use? The number of public cloud users who utilize service beyond basic compute, storage and network services continues to grow. The cloud is a vital online technology that is used all over the world. IT Visibility, IT Asset Management, Cloud Management. Cybersecurity Insiders, and Fortinet. Data Disk IOPS Consumed Percentage and Data Disk Bandwidth Consumed Percentage; At the VM level: VM Cached IOPS . 80 percent of cloud management efforts will support 20 percent of the service incidents or trouble tickets. By 2021, 75 percent, compared with 16 percent for IaaS workloads and compute instances, down from 21 percent in 2016 . He earned his masters and bachelors degrees from Texas A&M University, and completed executive education programs at Babson College and Arizona State Universitys Thunderbird School of Global Management. However, 53 percent of SMBs spend more than $1.2 millionup from 38 percent last year. For the complete survey results, download the free Flexera 2022 State of the Cloud Report. "The most common workload preventing IT departments from lifting all services to the cloud was 'Print & Imaging Services' (55 percent)," the company said in a March 10 news release. Deloitte analysis of publicly reported quarterly financial statements. [2] Based on limited data, it appears that the Chinese cloud market grew faster than the ROW hyperscale market through September 2020, and we would predict that decoupling would continue, if not increase.18, Finally, it is worth noting that in addition to the pandemic, the move to cloud has a long-running tailwind in terms of demand. [2]. Social login not available on Microsoft Edge browser at this time. . If you are interested in finding out more about cloud security, we have an excellent article detailing cloud security measures for cloud storage services. The bottom line: while cloud security is paramount for any organization regardless of size, proper employee training and strict security guidelines are just as important. Growth in cloud computing has been a megatrend over the last decade, with the market experiencing triple-digit annual growth as recently as 2015. These 26 cloud computing statistics are great indicators where the cloud service market is headed. The survey also posed to 600 medium to large organizations what percentage of infrastructure operations belonged to: On-premises legacy environments; Public cloud workloads; Private or hybrid cloud workloads But the company managed to double its public cloud revenue to $202 million for calendar 2021, although the majority of its business remained on-prem. Cloud tools have . However, cloud computing makes data governance much easier, with tools such as the excellent EFSS, Egnyte.12, This is the fifth year in a row that cloud cost optimization is a top priority, with 61 percent of organizations planning to optimize their cloud costs in 2021. On top of these concerns, COVID-19 has created an unprecedented wake-up call. To get access to all of your favorite shows, you will need to use a VPN. KPIs for measuring cloud adoption success. But even though many organizations will retain at least some on-premise resources, and even in current economic conditions, cloud providers have much to look forward to as migration to the cloud accelerates. Even though growth among the largest hyperscale public cloud providers had declined to only 31% annually by the end of 2019, and this rate had been projected to (slowly) decline further in 2020 and 2021 as the industry matures, growth in cloud continued to outpace that in many other sectors. We hope that you have found these cloud computing stats and trends both interesting and fun.

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