Cloud computing has revolutionised the way businesses operate by providing increased flexibility, scalability, and cost-efficiency.

As the demand for cloud services continues to grow, it is important for businesses to stay informed about the latest trends and statistics in this rapidly evolving field. In this blog post, we will explore some key cloud computing statistics and discuss their implications for businesses.

1. Rapid Adoption

The global market for public cloud services is expected to grow by 21.7%

According to a study conducted by Gartner, the global market for public cloud services is expected to grow by 21.7% to reach a total of $597.3 billion in 2023. This demonstrates the fast-paced adoption of cloud computing across various industries, as organisations acknowledge the advantages it provides.

2. Cost Savings

One of the main reasons for adopting cloud technology is to save costs. Businesses can greatly reduce their IT expenses by utilising cloud services. According to a report by Oracle, 98% of enterprises that use the public cloud have adopted a multi-cloud infrastructure provider strategy, with cost optimisation being a major driving factor.

3. Scalability and Flexibility

Cloud computing enables businesses to easily adjust their resources based on demand and experience enhanced scalability after migrating to the cloud. This allows organisations to efficiently manage peak workloads and promptly respond to changing business needs.

4. Security Concerns

66% of IT professionals listed security as their greatest challenge in adopting cloud services.

Although the benefits of cloud computing are undeniable, security remains a significant concern for businesses. According to Gartner, 66% of IT professionals listed security as their greatest challenge in adopting cloud services. However, it is important to note that cloud providers invest heavily in security measures, often surpassing what individual organisations can achieve on their own.

5. Hybrid Cloud Adoption

Many businesses are adopting a hybrid cloud approach, which combines both public and private cloud infrastructure. According to a report by Cisco, 82% of businesses have implemented a hybrid cloud strategy. This approach enables businesses to benefit from both public and private clouds, while also addressing specific requirements and compliance concerns.

6. AI and Machine Learning

Cloud computing plays a crucial role in enabling artificial intelligence (AI) and machine learning (ML) applications. The scalability and processing power of the cloud are essential for training and deploying AI and ML models. As AI and ML continue to revolutionise various industries, cloud-based infrastructure will be instrumental in supporting these advancements.

As cloud computing continues to reshape the business landscape, staying informed about the latest trends and statistics is crucial. The rapid adoption, cost savings, scalability, and flexibility offered by cloud services make them an attractive choice for SMBs and enterprises. While security concerns persist, cloud providers are continuously improving their security measures. The hybrid cloud approach and the integration of AI and ML further enhance the capabilities and potential of cloud computing.

By understanding and leveraging these cloud computing statistics, businesses can make informed decisions and unlock the full potential of this transformative technology.

How can GrowCreate help?

Cloud migration offers cost reduction and performance improvement. Collaborating with the right team will lead to substantial savings in resources and maintenance.

  • Optimise your cloud infrastructure to decrease costs.
  • Scale resources according to your requirements, resulting in cost savings.
  • Enhance your ROI by analyzing and optimising cloud resource utilisation.
  • Minimise wasteful spending by identifying and eliminating unnecessary cloud resources.
  • Assign cloud budgets more effectively and efficiently.
  • Forecast and plan cloud expenses more accurately for better visibility into your cloud spend.
  • Allocate cost savings towards other strategic initiatives, such as innovation or expansion.

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