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11 Interesting Cloud Computing Facts For Business Users

cloud computing

By: Sudhir Kothari

Cloud data centers will process 94% of workloads in 2021. Regardless of the size of the business, cloud computing can affect the speed and intensity of its growth through several factors. When businesses are on the cloud, complex tasks are made simpler and data processing more efficient.

With over 60% of businesses using cloud services, it is obvious thacloud business is not only here to stay but grow substantially. Some interesting cloud computing statistics for 2021 that are worth diving into-

  1. More than $30 billion was spend on cloud infrastructure services exceeded during Q2 of 2020.

According to the latest report by Synergy Research Group on cloud computing, the total spends on cloud infrastructure services was more than $30 billion in Q2.  There has been a $7.5 billion increase since 2019.

  1. More than 70% of tech CFOs believe that cloud computing had the biggest impact on their business in 2020.

Forbes reported that more than 70% of CFOs tech CFOs believe that cloud computing had a huge impact on their business in 2020.

  1. 84% of IT professionals were concerned about cloud security due to remote work shifts in 2020.

Many IT professionals were concerned about the vulnerabilities in the cybersecurity of companies making use of the cloud. Working from home can result in the exposure of sensitive company information if the personal device is lost, stolen, or damaged. Introduce a policy of installing a verified monitoring app to scan home networks for vulnerabilities, outdated software, or default passwords that need to be replaced.

  1. The hosting, storage, and computing cloud service market was estimated to grow to $163 billion by 2021.

Statista predicts that the future cloud computing industry- hosting, storage, and computing cloud service revenue will amount to $163 billion by 2021.

  1. Majority of enterprises used AWS and Azure as their primary cloud platforms in 2020.

The Amazon Web Services (AWS) platform and Microsoft Azure have emerged as one of the most popular cloud platforms. As of February 2020, Canalys reports AWS with 32.4% of the market, Azure at 17.6%, Google Cloud at 6%, Alibaba Cloud close behind at 5.4%, and other clouds with 38.5%.

  1. There were more than 4 billion cloud users in 2020.

According to cloud computing statistics from 2020, there were more than 4 billion cloud consumers, with the number increasing at a head-spinning rate.

  1. Worldwide public cloud service market is predicted to be $331.2 billion by 2022.

According to Gartner’s report, the public cloud is supposed to attain a $331.2 billion revenue by 2022.With an increasing number of organizations looking for better insights to drive greater business value, it has become more evident that the era of Intelligent Cloud has started.

  1. The average cloud budget increased to $73.8 million in 2020.

A study of cloud computing trends conducted by Forbes suggested that the average cloud budget will be $73.8 million in 2020. According to Gartner, the IaaS market is estimated to be worth a total of $64.3 billion in 2021, up from $50.4 billion in 2020.

  1. Azure earned $13.4 billion in 2020.

Microsoft Azure has been making steady gains in popularity. With worldwide cloud computing market share and investment growing, Microsoft’s cloud platform became a profitable product.In 2020, Azure raked $13.4 billion. That’s a significant improvement compared to the previous year.

  1. Enterprises used 1,427 distinct cloud services on average.

An average employee working at an enterprise used 36 cloud services at work, including cloud services include collaboration, content-sharing, and file-sharing services. On the other hand, the average company used 210 collaboration cloud services and 76 file-sharing services.

 (The author is Founder-CEO at Embee Software and the views expressed in this article are his own)

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