In the context of a cloud adoption, a workload is a collection of IT assets (servers, VMs, applications, data, or appliances) that collectively support a defined process. Eighty-nine percent of respondents reported having a multi-cloud strategy, and 80 percent are taking a hybrid approach by combining the use of both public and private clouds. Thanks to COVID-19 driving enterprises toward cloud, the cloud market will likely emerge from the pandemic stronger than ever. Visit the cloud economics webpage today. 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. Compared to the same period in 2020, this was a 35 percent year-on-year growth and a five percent quarter-on-quarter rise. 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). See Terms of Use for more information. 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). In, Cybersecurity Insiders, und Fortinet. The cloud application and infrastructure services will grow experience significant growth between 2020 and 2021, moving up to a solid third place among these six cloud categories. 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. On-premise versus cloud workload. Even if we disregard these, current cloud computing stats speak volumes about the state of cloud computing and where its headed. Since all you need is an internet connection, cloud computing is super convenient for both business and personal use. Accessed March 01, 2023. https://www.statista.com/statistics/1266602/workloads-cloud-organizations-worldwide/. In 2020, the global cloud gaming market was worth $470 million. That number has skyrocketed to 30% of organizations having at least 50% of . Organizations are increasingly utilizing PaaS services from cloud providers. 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. 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 . )43 Although power efficiency varies by the exact chips and tasks, at a high level, GPUs are 10100 times more efficient than CPUs at training and 110 times as efficient at inference; FPGAs are 10100 times more efficient at inference; and ASICs are 1001000 times more efficient at both training and inference.44 As more of these AI-specific chips are deployed in data centers, data center efficiency should keep improving. The second most popular cloud storage service Dropbox has a huge following as well, with over 700 million reported users, according to its financial statements.24, In 2020, the total worth of the market was $371.4 billion. 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. Moving to SaaS solutions eliminates the resources required to manage equivalent on-premises software packages. DTTL and each of its member firms are legally separate and independent entities. The cloud can have benefits like slashed IT costs, more flexibility, and increased efficiency. To use individual functions (e.g., mark statistics as favourites, set Public clouds are owned and operated by third-party service providers and are the most common. We also asked survey respondents to name other key performance indicators they . Beena Ammanath, Susanne Hupfer, and David Jarvis. Total 2020 revenues are likely to exceed US$35 billion, and could top US$40 billion in 2021. Weve seen two years of digital transformation in two months.Microsoft CEO Satya Nadella1. Hyperscale data centers do even better on the PUE scale, at around 1.11.2.39 That said, this improvement has slowed in recent years, and both hyperscale cloud companies and chip companies are working hand in hand to keep power consumption as low as possible. This allowed AWS to evolve at a more leisurely pace and to develop more functionalities. Faced with lockdowns, social distancing and similar measures, a large portion of the workforce needed to move online. . We strive to eventually have every article on the site fact checked. 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. Methodology. But Zoho's example, along with others who have chosen to . Balancing on-premises and cloud workloads On-Premises vs. 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. The number of public cloud users who utilize service beyond basic compute, storage and network services continues to grow. 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. Hybrid clouds combine the advantages of public and private clouds. This goes to show that non-cloud data centers are on their way out and will be superseded by cloud data centers in the near future.14. As far as the industry landscape goes, many technology markets see significant concentration with one or two large companies accounting for almost all of the market, and cloud is no exception. Cloud computing output rose by 600% between 2010 and 2018, while its energy use rose only 6%.36. In fact, 76 percent measure their cloud progress according to cost efficiency and the savings they made thanks to cloud initiatives.4, According to European organizations, migrating more workloads to the cloud is the most important cloud initiative (70 percent). At one time, almost all AI was performed on the cloud, as edge devices such as smartphones, cameras, sensors, and robots lacked the onboard processing capacity for complex AI. So with the same energy, we are managing . As of 2020, roughly 41% of enterprise workloads were in the cloud. If you are interested in finding out more about cloud security, we have an excellent article detailing cloud security measures for cloud storage services. Most enterprises have, on average, only about 20-40 percent 2 of their workloads in the cloud, most of which are the easier, less complex ones. Of course, it is impossible to predict with 100 percent accuracy how the future of cloud computing will look COVID-19 showed us that everything can change but certain patterns concerning cloud technologies and cloud infrastructure have emerged and they warrant analysis. "Share of Workloads in The Cloud among Organizations Worldwide as of April 2021. 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. We hope that you have found these cloud computing stats and trends both interesting and fun. The intelligent edge places computing power, specifically AI computing power, not in centralized data centers but closer to the end user, typically less than 50 kilometers. May 31, 2021. With a predicted CAGR of 48.2 percent, it is expected that it will reach $7.24 billion in revenue by 2027.20 Read our online gaming statistics to learn more. 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. In next place is Dropbox, the best cloud storage for collaboration, with a still impressive 66.2 percent, followed by OneDrive (39.35 percent) and iCloud (38.89 percent). IT Visibility, IT Asset Management, Cloud Management. There are good reasons to believe the 15% . As articulated by Healthcare IT News: While cloud computing better optimizes the use of resources in health care, it also creates significant risks. Therefore, storage services with unlimited cloud storage are a perfect solution for this problem. It is projected that this market will grow to more than $76 billion in 2021. This could be a web service, application server, database server, or any other business process. On top of these concerns, COVID-19 has created an unprecedented wake-up call. The COVID-19 pandemic profoundly affected many aspects of our lives, and work was no exception. (May 31, 2021). Google Cloud Platform, Oracle Cloud Infrastructure and IBM Cloud round out the top five. Companies that have shifted their offerings to an XaaS model have already experienced considerable success with both consumers and investors, challenging conventional valuations and placing pressure on industry players that are retaining traditional business models such as perpetual licensing and long-term contracts.20. Sixty-two percent of respondents use more than one cloud provider, and the diversity of production workloads (e.g. Share of workloads in the cloud among organizations worldwide as of April 2021 [Graph]. This takes into account video streaming behemoth Netflix, established services like HBO and relative newcomers such as Disney+. Please do not hesitate to contact me. Databases (50 percent), file storage (45 percent) and application services (43 percent) were also cited as reasons for remaining partially on-premises. Founder Jeff Bezos attributes AWS enormous success to its seven-year head start before facing serious competition. 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. Additionally, investment isnt needed just for capex. 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. 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 . As a result, more than 40 zettabytes of data will be flowing through cloud servers and networks. The cloud migration forecast: Cloudy with a chance of clouds has been saved, The cloud migration forecast: Cloudy with a chance of clouds has been removed, An Article Titled The cloud migration forecast: Cloudy with a chance of clouds already exists in Saved items. Clearly, hybrid cloud is the new normal. 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. Amazon Web Services (AWS) had an 80% share of the enterprise cloud adoption in 2022. In fact, just over half of businesses (52 percent) prefer cloud solutions that have their own native security tools.8, When we think of cyberattacks, we often picture hackers exploiting built-in cloud IT infrastructure weaknesses. Criteria for which workloads move to cloud. As of mid-2020, there were 541 hyperscale data centers globally, with 26 added in the first half of 2020 and another 176 planned over the next few years.8 All of these data centers need chips. Each article that we fact check is analyzed for inaccuracies so that the published content is as accurate as possible. 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. Simply select text and choose how to share it: Email a customized link that shows your highlighted text. 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? , established services like HBO and relative newcomers such as Disney+ the number of public cloud who... 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