Let’s talk trends. As of this very moment,
of all US & EMEA organizations are using at least one cloud-based technology. Public cloud revenue is expected to grow from
$146 billion (2017) to $236 billion by 2020
as companies increasingly transition from a
cloud-first to a cloud-only strategy
. In fact, the new industry standard is the use of multiple clouds and most enterprises are already opting for a
hybrid cloud environment
. Moreover, between
of companies are estimated to be using a hybrid cloud structure. These numbers are growing rapidly as businesses look to leverage the benefits of both, the more stable private cloud as well as the more flexible and scalable public cloud. However, as the majority of global companies move to the cloud, the question of security still remains.
Whether it’s AWS, Azure or Google Cloud, the cost of having your services in the cloud is reducing, and the ability to save IT expenditure is probably the main driver behind the global trend to shift more and more services and data into the cloud. IT budgets receive another boost through cloud technology usage as its costs typically fall under operating expenditure (OPEX) instead of capital expenditure which allows for more financial flexibility. As a result, cloud technology allows companies with less resources to get access to the best technology previously only available to big enterprises.