9 Cloud Computing Statistics You Need to Know

These days, it seems like everyone is talking about the cloud. This is for good reason, since there are many benefits of using cloud-based computing services. If you’re still not sure the cloud is right for your business, cloud computing statistics may change your mind.

Here are nine cloud computing statistics you need to know.

1. Worldwide Spending on the Cloud

Worldwide spending on cloud services is increasing at a rapid rate. In 2015, almost $70 billion was spent on cloud services. By 2019, worldwide spending is projected to reach over $141 billion. Spending is increasing as more individuals and businesses realize the value of the cloud.

2. Increased Investment in the Cloud

Many businesses are planning to increase their investment in cloud computing technologies. Larger companies are more likely to have these plans than smaller ones. Among small companies, 35 percent are planning to increase their cloud investment. Fifty-one percent of medium-sized and large companies are planning to do the same.

3. Average Cloud Based Services

How many cloud services does your business use? This is one of the more surprising cloud computing statistics. The average company is reported to use about 1,427 different cloud services. That number may sound unbelievable, but many everyday services use the cloud, and users may not even realize it. If you ever check Facebook while you’re at work, you’re using the cloud. If you use Slackto chat with your employees, you’re using the cloud.

4. Most Popular Cloud Services

Companies rely on cloud services for many of their business needs. But what if you could only use one cloud application? Twenty-five percent of businesses would choose to use the cloud for storage. This service is popular because if your files aren’t stored in the cloud, you need to store them on your own server, or on paper.

5. Savings in the Cloud

Business owners always need to worry about keeping expenses under control. When companies move to the cloud, 82 percent report they save money. These cost savings can be a result of increased efficiency. For example, if you replace your old paper-based systems with a cloud-based ERP system, you’ll be able to get more work done. This is a major advantage of using a cloud-based ERP platform.

6. Downsizing IT with the Cloud

When businesses rely on cloud services, they may not need as much on-site IT support. That’s because the data is hosted on the cloud vendor’s servers, and updates are handled automatically. There’s less work for IT employees to do. Fourteen percent of companies are able to downsize their IT departments after they adopt cloud services.

7. Quantity of Data in the Cloud

Many businesses are storing their data in the cloud. Many use cloud-based ERP systems to store data about everything, from customers to billing to inventory. All of that data adds up. Right now, there’s estimated to be one exabyte of data stored in the cloud. Businesses add more data every day, so that figure will only continue to grow.

8. Storage of Sensitive Data

When cloud services were first developed, people were scared to store their sensitive data there. Now that businesses have been using the cloud for a while, many have realized these fears are unfounded. More than half of companies are now storing their sensitive business information in the cloud.

9. Workloads in the Cloud

As businesses realize how useful the cloud can be, they move more of their workloads there. At first, they may only use the cloud for emails or billing. Later, they invest in a cloud-based ERP system and move the majority of their workloads to the cloud. By 2014, over half of workloads were shifted to the cloud. In 2017, it’s projected almost two-thirds of workloads will be handled in the cloud.