Cloud data centers will process 94 percent of all workloads in 2021. 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. A paid subscription is required for full access. Workloads can support more than one process. This allowed AWS to evolve at a more leisurely pace and to develop more functionalities. 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. The likely reason: increased demand driven by COVID-19, lockdowns, and work from anywhere. According to the report, 52% of those who moved workloads from the cloud back on premises said either . In, Cybersecurity Insiders, und Fortinet. In 2017, the global cloud storage market was worth around $30 billion and it steadily rose to more than $61 billion in 2020. 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. In its Q4 2022 results, total revenue fell to $452 million, down 5 percent on a year earlier. By some metrics, growth was more or less flat in 2020; by some other ways of measuring growth, it increased faster than in 2019, even in the face of the steepest economic contraction in modern history. Organizations are increasingly utilizing PaaS services from cloud providers. Yet even as enterprises embrace the many benefits of the cloud, managing the cost of cloud computing is an ongoing challenge. Statistics On Cloud Service Providers. Longer term, as growth returns to historical rates, it seems likely, based on the history of technology, that market concentration will increase again. Machine learning forms the basis of many cloud technologies today, and a lot of organizations and systems use it to automate various processes. In the RightScale 2018 State of the Cloud Report, 96 percent of IT professionals surveyed said their companies were using cloud computing services, and 92 percent were using the public cloud.On average, organizations are running about 40 percent of their workloads in the cloud, and that percentage is growing. The cloud workloads summary breaks down cloud approaches used by respondents like this: Public cloud: 40 percent; On-premises legacy: 31 percent; Private/hybrid cloud: 29 percent; The most popular workloads across all three approaches are: databases, analytics and web/content hosting, as shown here: 2. Cloud Customers Consume 77% Fewer Servers Let's first look at server utilization and the number of servers required to support a given group of workloads. As soon as this statistic is updated, you will immediately be notified via e-mail. And the siloed and disjointed approach of yesterday will no longer be effective in todays fast-evolving digital world. There are three main types of cloud computing deployments: public cloud, private cloud and hybrid cloud. 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). Each article that we fact check is analyzed for inaccuracies so that the published content is as accurate as possible. Gartner surveys indicate that when cloud migrations are complete, an average of 30 percent of the digital infrastructure remains on-premises. As of 2021, the very lucrative video streaming market is worth a combined $59.14 billion (read our streaming statistics guide to learn more). Methodology. This way, if one of the services is unavailable for whatever reason, the organization can switch to a working backup for disaster recovery. Do you believe rapid cloud adoption and cloud infrastructure expansion are a good thing, or do you foresee issues with the market of cloud computing in the near future? KPIs for measuring cloud adoption success. 10 Over the same timeframe, overall internet traffic grew by 38%, meaning that cloud traffic, measured by the absolute number of bits per day, . (2021). In calendar Q2, their revenues grew further to 51% year over year. Cost governance systems can also help maintain control over expenses. Weve seen two years of digital transformation in two months.Microsoft CEO Satya Nadella1. This statistic offers a forecast of cloud workloads as a percentage of total data center workloads, from 2011 to 2021. Gen Zs and millennials are striving for balance and advocating for change. Cloud Usage Statistics 13. This means tackling three major challenges: 1. Time Machine vs Arq vs Duplicati vs Cloudberry Backup. Clearly, hybrid cloud is the new normal. The driving factors behind this increase can be attributed to a greater generation of large data sets, which in turn necessitates more file storage. Please do not hesitate to contact me. One thing fueling the drive to the cloud is the explosion in SaaS workloads. A . 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). For the complete survey results, download the free Flexera 2022 State of the Cloud Report. Survey respondents ranked data warehouse, relational database as a service (DBaaS) and container-as-a-service (CaaS) in the top three. Please see About Deloitteto learn more about our global network of member firms. According to cybersecurity experts, the most pressing cloud security challenges are misconfiguration of the cloud infrastructure (68 percent); unauthorized access (58 percent); insecure API (52 percent); accounts, services or traffic hijacking (50 percent) and external data sharing (43 percent).8. Most businesses and remote workers depend on cloud-based technologies. When asked what percentage of workloads organizations already have in the cloud, today 33% are running more than 50% of workloads in the cloud; in the next 12-18 months, that grows to 56%. (LogicMonitor, 2020) Meanwhile, 20% of businesses spend over $12 million on public cloud annually. This is just one type of artificial intelligence, and it is no wonder that companies are looking into ways to invest in and expand this field.17. Azure (80 percent running workloads) was the only provider to increase their adoption rate YoY. 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We also asked survey respondents to name other key performance indicators they . Thirty-three percent reported spending $1.2 million or more on Google Cloud Platform. Simply put, cloud computing is all about using the internet to connect to online services hosted on the cloud. By 2021, 75 percent, compared with 16 percent for IaaS workloads and compute instances, down from 21 percent in 2016 . Cloud computing has profoundly changed the way we live our lives and conduct business. The hyperscalers still offer remarkably good value for ad-hoc cloud infrastructure needs where the workload is highly variable or high-growth. 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. When we move to cloud providers, the rate of efficiency using servers is 85%. The average annual PUE for large data centers has fallen by 36% over 13 years, from 2.5 in 2007 to 1.59 in 2020 (lower numbers are better). Respondents self-estimated that their organizations waste 32 percent of cloud spend, which is up from 30 percent last year. The key measure for measuring the environmental intensiveness of cloud computing is power usage effectiveness (PUE), in which great strides have been made. The cloud computing market is projected to grow way bigger in just the next five years. Cloudwards.net may earn a small commission from some purchases made through our site. The five largest hyperscale public cloud providers that disclose segmented revenues saw their combined revenues grow by 31% in 2019 to US$94 billion. Cybersecurity Insiders, and Fortinet. . You need a Statista Account for unlimited access. In just the first four months of 2020, the value of completed data center acquisitions, at US$7.5 billion in only 28 deals, was greater than in all of 2019.13, Although cloud is growing rapidly overall, it serves multiple industries, many of which have cut spending sharply. Patrick lives with his wife and daughter in Denver, where they are active in the community and enjoy the Colorado outdoors. It is reported that 82% of the workload will reside on the cloud ; Amazon web services have the largest cloud computing market share at 32%. Workload operations should . 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. Deloitte analysis of publicly reported quarterly financial statements. Its market value is estimated at more than $90 billion19, a massive increase over its 2019 valuation of approximately $20 billion. Consequently, the cloud infrastructure of a private cloud (the physical servers that host the private cloud) is maintained by that organization. )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 is that AI is making up a higher and higher percentage of cloud computing. By 2021, 33% of surveyed enterprises were running over 50% of their workloads on the cloud, indicating that this trend will continue to increase over time. Moving to the cloud is a critical business initiative for many organizations. He is the lead researcher on semiconductor topics for the US TMT Center and for Deloitte Global. Two megatrends account for much of cloud computings energy demands. With a hybrid cloud solution, you can, for example, only use public cloud resources when you really need them, saving you a lot of money in the meantime. 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. 33% TODAY NEXT 12-18 . Azure has surpassed AWS for breadth of adoption for the first time. How to Access the Deep Web and the Dark Net, How to Securely Store Passwords in 2023: Best Secure Password Storage, How to Create a Strong Password in 2023: Secure Password Generator & 6 Tips for Strong Passwords, MP4 Repair: How to Fix Corrupted Video Files in 2019, Simple Cloud Computing Facts You Need to Know, cloud storage services with the best security and privacy, excellent article detailing cloud security measures, storage services with unlimited cloud storage. 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