Essential Cloud computing Statistics
Cloud computing continues to grow in Australia. In 2013 the International Data Center (IDC) reported 86% of Australian companies are using cloud computing in some way, this was up by 71% for 2012, a significant increase in anyone’s language.
In 2014 an IBISWorld Market Research Report has 438 businesses offering cloud technology, employing 1,588 staff and generating revenue of $601 million. A growth industry.
SiliconANGLE an independent media company in January 2014 compiled this list of twenty Cloud Computing statistics which they believe every CIO should know and use when proposing a move to the Cloud. These statistics are based on the USA experience but with IDC predicting the Australian public cloud services market will grow to a whopping A$2,671.9 million in 2017, meaning a compound annual growth rate of 24.7% for the 2013-2017 period, they are applicable to the Australian experience.
With increasing amounts of data requiring storage and an increasingly mobile workforce, the CIO needs to implement a safe, accessible, cost effective solution to address these and other emerging issues. Deploying additional onsite storage systems may no longer be cost effective. A hybrid solution could be an effective entry to Cloud Computing, retaining highly sensitive data onsite, while storing the remaining data in a data centre.
- By 2015, end-user spending on cloud services could be more than $180 billion
- It is predicted that the global market for cloud equipment will reach $79.1 billion by 2018
- If given the choice of only being able to move one application to the cloud, 25% of respondents would choose storage
- By 2014, businesses in the United States will spend more than $13 billion on cloud computing and managed hosting services
- Throughout the next five years, a 44% annual growth in workloads for the public cloud versus an 8.9% growth for “on-premise” computing workloads is expected
- 82% of companies reportedly saved money by moving to the cloud
- More than 60% of businesses utilize cloud for performing IT-related operations
- 14% of companies downsized their IT after cloud adoption
- 80% of cloud adopters saw improvements within 6 months of moving to the cloud
- 32% of Americans believe cloud computing is a thing of the future
- There’s an estimated 1 exabyte of data stored in the cloud
- More than half of survey respondents say their organization currently transfers sensitive or confidential data to the cloud
- Cisco forecasts that global data centre traffic will triple from 2.6 zettabytes in 2012 to 7.7 zettabytes annually in 2017, representing a 25 percent Compound Annual Growth Rate (CAGR)
- Global data centre traffic will grow threefold (a 25 percent CAGR) from 2012 to 2017, while global cloud traffic will grow 4.5-fold (a 35 percent CAGR) over the same period
- From 2012 to 2017, data centre workloads will grow 2.3-fold; cloud workloads will grow 3.7-fold
- 2014 is the first year the majority of workloads will be on the cloud as 51% will be processed in the cloud versus 49% in the traditional IT space
- 545 cloud services are in use by an organization on average
- 56% of survey respondents trust the ability of cloud providers to protect the sensitive and confidential data entrusted to them
- 59% of all new spending on cloud computing services originates from North American enterprises, a trend projected to accelerate through 2016
- 38% of enterprises surveyed break out cloud computing budgets, while 60% include cloud-related spending as part of their enterprise-wide IT budgets
These statistics show Cloud Computing has gone far beyond being an emerging technology, given the take-up across the board. While this technology is not a new concept, over a decade ago Application Service Providers were in a similar space, the focus has now shifted to data processing and communications, along with software services and the transition to the Cloud requires a shift in business strategy and policy. The above numbers can be used effectively to demonstrate Cloud Computing as a valuable business tool.