Cloud computing provides computer resources over the internet. It’s an efficient, cost-effective alternative to maintaining on-site network infrastructure and has seen a surge in popularity in recent years – partly driven by the pandemic and resulting changes in the workplace.
In 2022, 60% of corporate data was stored in the cloud. This figure is expected to increase as cloud adoption becomes more widespread. In 2015, just 30% of corporate data was stored in the cloud. The share of data in the cloud doubling in just 7 years highlights the profound impact this transformative technology has had in the business world.
The cloud isn’t just used for business. An estimated 2.3 billion people use personal clouds such as Dropbox, Google Drive, and iCloud, more than doubling from 1.1 billion in 2014.
The Most Popular Cloud Services in 2023
Amazon Web Services:
At the start of 2023, AWS had a market share of around 33%, the largest of any cloud service globally. After Q1 2023, AWS’s market share decreased to 32%.
Microsoft Azure:
Microsoft Azure reached a market share of 23% at the end of 2022, beginning 2023 as the second-largest cloud service globally. Azure maintained its 23% market share after Q1 2023.
Google Cloud Platform:
Google Cloud began 2023 with a market share of 11%, growing 1% in Q4 2022 compared to the same point in 2021. Google Cloud’s market share decreased to 10% after Q1 2023.
Cloud Computing In Business Statistics
The cloud continues to see increased use in business, as more operations move online and workplaces incorporate remote and hybrid options for employees. We supply IT Support for Law Firms and Financial Services IT Support, and can confirm even sectors that aren’t thought of as tech-savvy are being forced to embrace cloud technology.
Over 98% of organisations use the cloud in some way, whether through SaaS applications or a fully cloud-native network. Cloud infrastructure spend is estimated to increase by 23% in 2023.
A 2022 study of 753 technical and business professionals worldwide found that 63% ‘heavily’ use the cloud, up from 59% in 2021 and 53% in 2020.
In the same survey, ‘light’ cloud usage has dropped from 19% in 2020 to 14% in 2022, suggesting that more organisations are incorporating more cloud-based services.
Increasingly complex cloud use means organisations employ additional measures to manage their services. Enterprise-size organisations (with more than 10,000 employees) are unsurprisingly more likely to use these tools than other companies. 41% of enterprises employ multi-cloud security tools, above the average of 32% of all organisations. In addition, 37% of enterprises use multi-cloud cost management tools, compared to 31% when looking at all organisations.
End-user spending on public cloud services is expected to reach nearly $600 billion in 2023. A third of this spending is predicted to be on Software-as-a-Service (SaaS), at $208 billion, followed by Infrastructure-as-a-Service (IaaS) at $156.2 billion and Platform-as-a-Service (PaaS) at $136.4 billion.
Optimisation of cloud use is becoming a greater priority for businesses. 52% of respondents in a survey of 1000 professionals said that cloud cost optimisation was more of a priority in 2022 compared to previous years. Even those with a ‘strong culture of cost and ownership’ aren’t always on top of how much their business spends on the cloud. 46% believed their cloud costs were about where they should be, meaning more than half (54%) weren’t spending efficiently.
For businesses that didn’t have their engineering departments take control of cloud costs, their view on spending efficiency was even lower – just 32% thought cloud costs were where they should be.
Operator and vendor revenues for main public cloud and infrastructure services hit $544 billion in 2022, growing 21% from 2021. IaaS and PaaS experienced the largest growth (29%) over the year, accounting for $195 billion of total revenues.
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