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10 Cloud Computing Statistics You Need To Know

Written by Victoria Wilson
Cloud Statistics - Business Tablet

Did you know these 10 statistics about cloud computing?

In order to convey the importance and power of cloud technologies for your unique business and context, you may find these statistics incredibly helpful!

1) 74% of Tech Chief Financial Officers say cloud computing had the most measurable impact on their business in 2017, according to Forbes

Cloud platforms coordinate more globally based integration networks and enable new, highly complex business models. Cloud services adoption have increased significantly in the SMB area and forecasters are adjusting their predictions upwards in favour of the benefits of cloud.

2) 85% Of Enterprises Keeping Sensitive Data in the Cloud, according to Vormetric

As more companies realise the strategic benefits of PaaS, the growth is expected to be large. Benefits of PaaS include reduced complexity and increased agility, a faster time to market as well as lower costs and increased computer efficiency. It's no wonder more and more companies are moving to PaaS!

3) Cloud computing spending is expected to grow at better than 6x the rate of IT spending through 2020, according to IDC

Cloud computing provides a huge range of advantages compared to a more traditional set-up. Reduced costs from the reduction in hardware is a key factor for many companies as well as the flexibility and the ability for efficient disaster recovery. Furthermore, many employees are constantly on the go, and with cloud computing they can work from anywhere and stay connected - without productivity being affected.

4) IDC also predicts that by 2020, 67% of enterprise infrastructure and software will be for cloud-based offerings.

Cloud based technologies are no longer emerging technologies - they are now a default choice. Within a few years, cloud based offerings will become mainstream and trusted with IDC reckoning that of those who have already adopted the cloud, 95% have built a hybrid infrastructure that uses “multiple private and public clouds based on economics, location and governance policies”.

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5) Where does cloud fall in CIOs’ overall IT investment priorities for this year? The 2018 State of the CIO survey results list cloud computing as ranking third (28%), behind enterprise applications (35%), and data/business analytics (33%).

As investment into cloud hosting becomes a regular topic in board meetings, be sure to build a relationship with a managed services provider you can trust for valuable advice. The SysGroup TechWorkshop methodology can help with the entire strategic planning process.

6) The industries that are forecast to spend the most on public cloud services in 2018 

Cloud computing is rapidly becoming the norm and some industries are further ahead than others. The industries expected to invest the most in public cloud are:

  • Discrete manufacturing ($19.7 billion)
  • Professional services ($18.1 billion) and
  • Banking ($16.7 billion), according to IDC.

7) Demand for cloud will grow 18% this year to $246.8 billion in total worldwide revenue from $209.2 billion according to Gartner

“Overall, there is very strong support for moving supply chain software to the Cloud – and clear intentions to do so over the next four years.” -Supply Chain Digest

The increased size of the 2020 public cloud market reflects faster-than-expected growth, especially for cloud platform revenues, whose 2020 total of $64 billion will be 45 percent higher than Forrester projected two years ago. The much larger cloud application market will also grow faster, with the 2020 total of $155 billion being 17 percent higher than Forrester’s 2014 projection. (Analytics

The cloud has grown exponentially - more and more companies are realising the benefits of the various types of cloud and are investing into the new infrastructures. This also creates demand for a new skill set - people who are familiar and knowledgeable about the cloud. Many companies have moved some operations to the cloud, but are not yet fully integrated and a lack of skills has been reported to be a key factor in this.

8) What’s driving companies to the cloud? 

Respondents in this survey cited: 

  • Providing access to data anywhere (42%) - desktop virtualisation is a very popular service with employees travelling further and for longer and companies becoming more global and connected. Having access anytime, any place is vital for success and the cloud enables companies to meet their growing demands.
  • Enhancing disaster recovery capabilities (38%) - companies depend on their IT infrastructures. Without it, activity grinds to a halt. Business continuity is vital in this fast-paced world and the cloud's scalability enables companies to have confidence in a recovery plan that minimises the impact of a disaster.
  • Enabling better flexibility (37%)
  • Reducing the support burden on IT staff (36%) - managed IT services are an extension of a company's IT team, allowing them to focus on other key activities within the business.

9) Cloud computing spending has been growing at 4.5 times the rate of IT spending since 2009 and is expected to grow at better than 6 times the rate of IT spending from 2015 through 2020 according to Forbes

10) More than 50% of IT spending will be cloud-based by 2018, according to Forbes

9 and 10 show just how much the industry is growing. But why exactly are companies starting their journey to the cloud? There are a number of reasons, but the following are the most common:

  • Better organisational visibility
  • Easier collaboration
  • Rapid development
  • Consistency across platforms
  • Enhanced security
  • Lower risk
  • Cost savings

One of the more affected areas of business will be organisational structure. The ability to be flexible with remote working and having employees in different areas will reduce costs and spread out the company base, causing geographical limitations to dissipate.

Security, as always is a key consideration when migrating to the cloud.  With the correct set up, cloud technologies are extremely secure. Of course, hackers and cyber criminals will always try to infiltrate systems and infrastructures. However the technologies in the cloud are rapidly advancing and are strong against cyber attacks, which is one reason companies trust the cloud with their data and infrastructures.

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