Are you thinking about moving your workloads to the cloud? There are many benefits of using cloud-based computing services. These services can scale with your business, streamline your processes, and protect your business’s data. When you start using a cloud-based service, you can transform your business.
Still, you may have some lingering doubts about moving your data to the cloud. Cloud computing growth statistics can help ease your concerns. Many businesses have already moved to the cloud, and more are making that decision every day.
Want more details? Here are five astounding cloud computing growth statistics.
1. Spending on the Cloud Market
As more businesses make the decision to move to the cloud, worldwide spending on this market grows. Spending on the cloud is one of the more impressive cloud computing growth statistics. In 2015, worldwide spending for public cloud services was nearly $70 billion. By 2019, worldwide spending is projected to reach more than $141 billion. That’s a major increase in only four years.
While worldwide spending is high, that doesn’t mean individual businesses are spending a lot. Cloud-based services are offered through a subscription model, so businesses just need to pay a monthly subscription fee. There aren’t expensive up-front licensing fees, so even small businesses can afford to move to the cloud.
2. Data Is Moving to the Cloud
Data is moving to the cloud at a rapid pace. As of 2017, 65 percent of data centre traffic is cloud-based. By 2019, it’s projected that 83 percent of this traffic will be cloud-based. This increase in data centre traffic is occurring because business owners are realizing that cloud services are essential for their success.
In the past, cloud services were an emerging technology that adventurous companies adopted. Now, cloud services have become an essential and scalable solution for managing many aspects of business operations. Business owners are realizing they need to use cloud computing to meet their growing needs.
3. Growth of Cloud Workflows
As business owners realize how useful cloud-based services are, they move more of their workflows into the cloud. They may start using file sharing services to ease the flow of information. They could start using chat services like Slack or Skype to communicate in the office. When they realize how much time they’re saving, they’ll adopt more cloud services.
Some companies are now managing everything from customers to catalogs to expenses in the cloud. With a cloud-based ERP system, these workflows can be managed in one convenient location. With these benefits, it’s no wonder that between 2014 and 2019, the annual growth rate for cloud workflows is estimated to be 27 percent. Public cloud workflows are growing at an even faster annual rate—44 percent.
By 2018, an estimated 56 percent of all workflows will be in the cloud.
4. Cloud Deployment Is Becoming the Default
Due to the many benefits of the cloud, software investments are shifting to cloud-only. By 2019, it’s projected that around one-third of the 100 largest vendors will be making cloud-only software investments. When businesses adopt cloud services, they get access to the newest innovations and updates. Having access to these innovations helps businesses be more competitive.
As time goes on, more IT capabilities will be available in the cloud. Businesses that are using on-premise software will gradually need to move to the cloud. By 2020, companies with a no-cloud policy are projected to be as rare as companies with no-internet policies.
5. Software-as-a-Service Is Dominant
Software-as-a-service applications are currently dominant in the cloud market. SaaS applications make up about 45 percent of cloud implementations. Three years from now, SaaS applications will make up a whopping 59 percent of cloud implementations.
SaaS is popular with businesses because it’s easy to implement. These applications run directly from your web browser, so you don’t need to download or install anything on your computer. SaaS vendor handles the maintenance and support, so businesses can streamline their IT departments.