35 Cloud Computing Facts You Need to Know
As these cloud computing facts will demonstrate, the cloud is here to stay. From small businesses to private enterprise to federal agencies, cloud computing is the way of the future.
Big-name companies, like Amazon, Google, and Microsoft all provide cloud services and the move to the cloud has eliminated the need for businesses to house onsite IT infrastructure. This is especially beneficial as it makes businesses less susceptible to natural disasters or other incidents which could damage their IT systems and servers.
Not only does the elimination of physical servers and infrastructure mitigate the potential for them to be damaged, but it also allows organizations to scale their services as needed, which can save money. The introduction of the cloud also gives organizations the opportunity to reach their digital transformation plans much faster than if cloud computing wasn't available.
As cloud computing continues to grow, we can expect a future where employees all over the world can interact via the cloud and outsourcing all computer needs, with the ability to redirect those resources to other areas. Investing in the cloud can save organizations a great deal of money as they won't have to invest in software, IT staff, or hardware.
There are several options when it comes to cloud computing, including infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (Saas), and functions as a service (FaaS). Whether you want to start out with Iaas, the most basic level of cloud computing, or incorporate all aspects of the cloud, you will be taking steps to advance your organization and be on the cutting edge of information technology.
Top 35 Cloud Computing Facts
These 35 cloud computing facts will demonstrate how much growth this industry has seen, how much it will continue to grow, and what the biggest cloud infrastructure companies are. It's undeniable that cloud computing is here to stay.
Not only is cloud computing changing the way companies do business, but it's also creating a demand for employees with cloud knowledge. Most of the highest-paying jobs in the past few years require knowledge of cloud computing as a necessary skill.
Not only has cloud computing gained in popularity among private businesses, but it's also widely popular among the US government, with nearly all federal agencies adopting cloud-based services. Ready to learn more about the cloud and cloud computing? Check out these 35 facts.
- 90% of companies are on the cloud.
- Amazon Web Services is the leading cloud vendor with a 32% market share.
- Cloud computing market value is projected to reach $623.3 billion by 2023.
- Professional services account for 12.2% of global cloud spending in 2020.
- The public cloud infrastructure market is projected to grow by 35% in 2021 and global growth is projected to be $120 billion.
- SaaS will still be the largest market segment for cloud/IT spending, with an expected approximate growth of 16% to $117.8 billion in 2021), and application infrastructure services (PaaS) is expected to grow 26.6% to about $55.5 billion in 2021.
- In 2021, Alibaba Cloud will displace Google Cloud in the #3 spot for revenue in the global public cloud infrastructure market, behind AWS and Microsoft.
- AWS has more revenue than the next three cloud competitors combined, but AWS revenue will grow slower than the combination of Google Cloud and Microsoft Azure in 2021.
- Microsoft will exceed $25 billion in Azure cloud revenue in 2021.
- Edge is the new cloud and new Edge vendors will cut 5 points from public cloud growth in 2021.
- In 2020, serverless was among the top five fastest-growing PaaS cloud services.
- In 2021, data governance will become an ever more prevalent topic for CIOs, CISOs, and CDOs to ensure responsible use and availability of cloud data.
- In 2020, almost all federal agencies within the U.S. Government had adopted the cloud.
- Banks are the most active users within the cloud due to the popularity of mobile banking applications and virtual transaction services like PayPal, Venmo, and Bitcoin.
- At 40% growth, cloud infrastructure services are the fastest-growing cloud services.
- Amazon is the leader in public IaaS cloud, at just under half of the market share.
- 69% of organizations have created new roles in their IT departments for cloud computing.
- Less than half of organizations are using data encryption on the cloud.
- 81% of all enterprises have a multi-cloud strategy already implemented or planning to.
- By 2022, the adoption of cloud computing by other countries will fall behind the US by several years.
- 50% of professionals said cloud usage would be higher than initially planned during the COVID-19 pandemic.
- Cloud and Dropbox are the most popular free cloud storage services, with 300 million users per platform.
- The use of cloud-based apps has almost tripled between 2013 and 2016, from 545 to 1,427 different services.
- 80% of companies report operation improvements within the first few months of adopting cloud computing.
- 25. Affordability drives the popularity of public cloud implementation. Small and medium businesses find it 40% more cost-effective to employ third-party cloud platforms compared to hosting in-house.
- 94% of businesses report significant improvements in online security after moving their data to the cloud.
- In the EU, email services and file storage are the predominant uses for cloud computing, at 66% and 53% respectively.
- Cloud computing is the most in-demand hard skill; half of the most lucrative jobs in 2019 required sufficient knowledge.
- The median salary for cloud computing professionals was $146,350 in 2019.
- All new cloud servers have the capacity to host 600 smartphones and 120 tablets.
- Over 70% of tech CFOs say cloud computing had the biggest impact on their business in 2020.
- The hosting, storage, and computing cloud service market was estimated to grow to $163 billion by 2021.
- In 2020, there were more than 4 billion cloud users.
- In 2020, Microsoft Azure earned $13.4 billion.
- Enterprises used 1,427 distinct cloud services on average.
Two Bonus Facts
The three sectors that plan to spend the most on cloud computing services are manufacturing ($19.7 billion), professional services ($18.1 billion), and banking ($16.7 billion).
Cloud apps can aid companies’ collaborative tasks, file sharing, content sharing, and data security. The average employee uses 36 cloud-based services in their daily routines.
Ready to Implement Cloud Computing?
If you're ready to implement cloud computing into your business or organization, ExitCertified can help. Our team can teach vendor-approved IT training to your employees so you can make the move to the cloud.
Since 2001, we've been teaching the most in-demand IT skills to professionals. You or your employees can also earn IT certification through our course. We offer courses in conjunction with some of the major players in cloud computing, including AWS, Azure, Google Cloud Platform, Oracle, IBM, and many other software applications.
We also have different courses based on your role and existing knowledge, so you can find the course that’s right for you.
Ready to get started? Check out our training course offerings and start working towards IT certification right away.