A Quick Look at Some Interesting Facts and Stats Related to Cloud Computing

The cloud computing technology has gone through a very vast phase of evolution and this precise evolution has allowed this multi-beneficial technology to transform from an alien technology to a new normal for businesses.

The way in which one can’t imagine the current era without internet, in the same way, you can’t even imagine using the current social media platforms without the revolutionizing cloud technology. You must not be aware about most of its implementations in the current world, but you are using some sort of cloud computing technology in your daily life for sure.

The multi-functional cloud computing technology is now used in various fields like data storage, app development, hosting, disaster recovery, big data analytics, etc. But business functions are the one segment of today’s era which has been revolutionized by the introduction of cloud computing technology.

While giving a next level technological solution to giant companies, the cloud computing technologies like the web hosting has allowed even small and medium-sized businesses to get their hands on the advanced technology. For example, with the help of cloud hosting solutions like QuickBooks hosting, small and mediums sized businesses are now able to host their QuickBooks application on the cloud and avail multiple benefits like anywhere anytime access, high uptime, advanced security, etc.

So, in this section, we will be taking a quick look at some of the interesting facts and stats related to the cloud computing technology and it will give you a clear idea of how big this technology has become in the modern day word of advanced technologies and digitization.

• It has been estimated that almost 83% of the enterprise workload will move to the cloud by 2020. This is a great improvement in comparison to the earlier adoption of the cloud computing technology.
• Cost saving is a very big factor, especially for small and medium-sized businesses because they are always on a tight budget. And that’s why 38.8% of the companies who moved to cloud stated cost-saving as the biggest factor for their shift.
• With the increasing number of attacks and data being vulnerable on the local hardware, now companies are focusing more on choosing a solution which can give them bank-level security. That’s why 66% of the IT employees said that the major reason for their shift to the cloud is security.
• In comparison to the other modern day technologies which have revolutionized the world and changed the way of working for businesses, the cloud computing is the fastest growing technology as by 2021, the cloud investment has been estimated to grow by $278.3 billion.
• Even with so much usage and growth in each and every sector, cloud computing has still got a very long way to cover as the growth rate of cloud computing is still increasing each year. It is being expected that in the next four years, the cloud computing growth will increase by almost 50%.
• The cloud computing has now become a new normal for businesses as from startups to giant companies, everyone is capitalizing on the benefits of cloud computing technology and that’s why currently more than 77% of the enterprises have at least one of their application on cloud.
• Till 2016 the growth rate of the cloud computing was 25%.