Top Cloud Computing stats you should know about!
The cloud was always set on its path to success ever since its inception and the stats from the last few years prove that right. The predicted future for cloud technology is looking very bright, so we decided to bring you this quick update on the world of cloud computing so you’re all caught up!
80% of businesses reported that they observed operational improvements within the first few months of cloud technology adoption.
A multisoft report suggested that cloud computing provided a positive impact on business operations, after the first few months of adoption, 80% of companies noticed operational improvements. The study was predominantly conducted within SMB’s and startups which shows that cloud technology is beneficial not just for bigger companies but for companies of all sizes and shapes.
The public cloud market will grow to reach $331 billion in 2022.
The future is bright for the public cloud. Revenue in the sector is expected to jump to $331 billion in 2022 from $175.8 billion in 2018. The sector is set to have a compound annual growth rate (CAGR) of 19% between 2021 and 2025. As a result the market volume will reach $679 billion by 2025. Software as a service (SaaS) is expected to be the most significant contributor with $190 billion.
Cloud offers great security, so much so that 94% businesses report improvements in online security after moving their data to the cloud.
A report from salesforce stated that 91% of businesses also reported that cloud technology proved useful in ensuring government compliance requirements were met. Cloud technology has proven to be secure because cloud infrastructure companies employ advanced encryption methods when they transmit data which ensures no unauthorised user can have access to private information. A pandasecurity report also shared that 48% of companies that were part of their study preferred storing their most classified data on the cloud.
Cloud reports suggest companies are increasingly adopting a multi cloud strategy.
Flexer’s report suggests that 92% of businesses already have a multi-cloud strategy for the simple reason that if one of the cloud services is unavailable, businesses can turn to a working backup dedicated to disaster recovery. Multi-cloud and hybrid cloud strategies combine technologies from the public and private cloud models and 74% of businesses believe that they are getting the best of both worlds with multi-cloud and hybrid cloud strategies. Out of the total surveyed companies in a RightScale survey, 84% described their IT infrastructure as multi-cloud. Most companies continue to diversify their cloud operations and since security and efficiency are top priorities, cloud computing statistics confirm that businesses are not afraid to implement a more complex infrastructure.
The global cloud technology market in the healthcare industry is set to grow by $25.54 billion in 2020-24.
The ongoing pandemic has reinforced this growth. Healthcare organisations intend to move towards value-based care payment methods through cloud computing. Webmob technologies have provided some figures which confirm that 23% of the worldwide cloud technology spending growth in the healthcare industry is seen in the public cloud.
Fig: Digital Transformation in Healthcare
Reports suggest that the three sectors that plan to have the most spending on cloud technologies are - manufacturing ($19.7 billion), banking ($16.7 billion) and professional services ($18.1 billion).
When looking at industries using cloud technology, expectedly, the industries that deal with the most data yield the most active investors. The banking sector is especially making innovations in their usage of cloud technology as they often need to retrieve huge amounts of important data from various secure locations.
Cloud technology is the next big thing and businesses are already making a journey on and upwards to “the cloud”, pun intended. Savant technology is informed by market research and insight which prepares us for the present and the future. We have dedicated experts to support businesses on their digital transformation journeys with the best talent in the field of cloud computing. We ensure that our service delivery goes beyond providing exceptional talent solutions. We partner with technology experts to help our clients technically assess cloud experts, while ensuring our approach is consultative in all regards. We do this by providing great advice which is informed by dedicated market research and make our processes prompt and efficient to make sure you can begin your cloud transformation journeys as soon as possible. For more information on how we can support you, reach out to us at - technology@savantrecruitment.com
