Discover over 55 cloud statistics, including stats around forecasts, cloud waste reports, cloud cost optimization efforts, and data on hybrid cloud adoption rates. By Cody Slingerland.
The trend continues to accelerate – even faster now. Cloud computing was already booming before 2020. But in the following two years, remote work flourished, and cloud adoption soared.
Yet there’s more to the rise and rise of cloud computing than remote working. For example, cloud infrastructure also supports big data analytics, Artificial Intelligence (AI), Machine Learning (ML) models, the Internet of Things (IoT), and advanced Business Intelligence (BI). So, we compiled the following remarkable cloud computing statistics from reliable sources to help you keep up-to-date.
Some of the stats mentioned:
- Globally, the cloud computing market will surpass $1 trillion by 2028. (Precedence Research)
- The global cloud computing market grew from $24.63 billion in 2010 to $156.4 billion in 2020. That’s a 635% jump.
- Only 3 out of 10 organizations know exactly where their cloud costs are going (CloudZero, The State Of Cloud Cost Intelligence 2022 Report)
- A cloud bill can comprise hundreds of millions or billions of rows of data (FinOps Certification)
- An Amazon Cost & Usage Report is too large to load into Excel all at once. Instead, Amazon splits its monthly CUR into many separate files. Good luck understanding them. (FinOps Certification)
- You can reduce your Total Cost of Ownership (TCO) by as much as 40% by migrating your business to the public cloud (Accenture)
Authors have also included tips, tricks, and tools to make cloud computing work for you. Yes, that includes practical tips on how to manage and optimize your cloud costs across AWS, Azure, GCP, Kubernetes, and Snowflake within a single platform. Nice one!
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