Astonishing Statistics of Cloud Computing

Astonishing Statistics of Cloud Computing

• The global public cloud computing market is set to exceed $330 billion in 2020.
• Providing data access from anywhere in the top reason for cloud adoption.
• Organisations’ average yearly cloud budget was $2.2 million in 2018.
• About a third of companies’ IT budget goes to cloud services.
• Privacy, security and lack of staff training are the top roadblocks to cloud adoption.
• Hybrid cloud adoption is at 58%.
• 90% of companies are on the cloud (Source: 451)
• Amazon Web Services (AWS) is the leading cloud vendor with a 32% share (Source: Canalys)
• Cloud data centres will process 94% of workloads in 2021. (Source: Cisco)
• The US was the most significant public cloud market with projected spending of $124.6 billion in 2019. (Source: IDC)
• The global cloud computing market is expected to reach $623.3 billion by 2023.