Cloud Migration Statistics 2024
– Everything You Need to Know


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Cloud Migration Statistics 2023: Facts about Cloud Migration are important because they give you more context about what’s going on in the World in terms of Cloud Migration.

LLCBuddy editorial team scanned the web and collected all important Cloud Migration Statistics on this page. We proofread the data to make these as accurate as possible. We believe you don’t need to check any other resource on the web for Cloud Migration Facts; All are here only 🙂

Are you planning to form an LLC? Thus you need to know more about Cloud Migration? Maybe for study projects or business research or personal curiosity only, whatever it is – it’s always a good idea to know more about the most important Cloud Migration Statistics of 2023.

How much of an impact will Cloud Migration Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your Cloud Migration related questions here.

Please read the page carefully and don’t miss any words.

Top Cloud Migration Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 79 Cloud Migration Statistics on this page 🙂

Cloud Migration “Latest” Statistics

  • Within the next five years, 95% of all workloads will be on the cloud, according to 74% of global IT decision-makers.[1]
  • The amount of data stored in the cloud will exceed 100 zettabytes, or 50% of all data worldwide by 2025 according to the 2020 Data Attack Surface Report.[1]
  • According to Flexera in 2020, over 50% of business data and workloads are anticipated to be on public clouds in the next year or two.[1]
  • China spent the most in the Asia-Pacific region in 2019 on public cloud services, according to estimates, at roughly $13 billion.[1]
  • IT leaders predict that by 2025, 28% of corporate workloads will be in the public cloud, and 30% will be in the private cloud.[1]
  • During the first quarter of 2020, cloud expenditure climbed across sectors by 37%, reaching $29 billion.[1]
  • A poll conducted in December 2019 revealed that 36% of Japanese corporate organizations have already transferred all of their departments to the cloud.[1]
  • 84% of owners of small businesses believe that cloud services are crucial to their company operations and overall effectiveness.[1]
  • Cost savings and efficiency are the main KPIs that 77% of firms use to measure the operation of the cloud.[1]
  • Financial services, which are anticipated to handle 30% of all corporate payments globally by 2023, are anticipated to have greater technology and cloud expenditure CAGR for the same time, at 4.73%.[1]
  • According to 73% of responding firms, optimizing cloud utilization is the top corporate objective right now.[1]
  • According to a report, 68% of commercial companies are using at least two cloud service providers to speed up their cloud migration.[1]
  • It was expected that 78% of small enterprises will have fully incorporated cloud computing into their operations by the year 2020.[1]
  • A poll revealed that 75% of businesses are either very worried or highly concerned about their level of cloud security.[1]
  • SaaS is the UK cloud market’s largest category, expected to generate $9.9 billion in sales in 2020, followed by PaaS (20%) and IaaS (13%).[1]
  • 61% of businesses across all users said they will concentrate on their cloud migration efforts.[1]
  • Government and public sector services are expected to have a 3.11% CAGR in technology and cloud investment from 2019 to 2024.[1]
  • The tech behemoths Amazon (32%), Microsoft (18%), Google (8%), IBM (5%), Alibaba (5%), Salesforce (3%), Oracle (2%), Tencent (2%), and Rackspace (2%), continue to dominate the worldwide cloud industry.[1]
  • Microsoft’s Azure ranked as the second-best cloud service for 2020, where 63% of IT professionals run their applications.[1]
  • 30% of SMBs that are not currently adopting the cloud claim considerable productivity gains from IT, compared to 59% of those that do.[2]
  • 60% of all companies in the industry anticipate having a multi-cloud system with both on-premises and externally hosted cloud infrastructure.[2]
  • 60% of respondents believe cloud services are crucial for reducing banking expenses, and 57% believe the same about banking for distant populations.[2]
  • When it comes to new payment methods, 68% of experts feel the cloud is extremely significant, and 21% say it’s somewhat crucial.[2]
  • 70% of experts predict the cloud will significantly impact the IT field in 2020, while another 23% predict it will have a minor impact.[2]
  • According to a survey’s respondents, 81% said that the cloud will become even more noticeable in the next year.[2]
  • 6% of businesses will aim for a hosted private cloud, while 9% of businesses will prioritize an on-premises private cloud.[2]
  • 55% of businesses aim to seek a service provider’s assistance to carry out their hybrid cloud plans.[2]
  • Service offerings like cloud storage are expected to have the strongest market growth, with a 24% forecasted growth.[2]
  • Discrete manufacturing spent approximately $20 billion on public cloud services in 2018, according to IDC.[2]
  • According to Right Scale’s annual State of the Cloud Report for 2019, 72% of firms utilized a private cloud compared to 91% who used public clouds.[2]
  • The UK government spent almost 650 million GBP on cloud computing services offered by small and medium-sized businesses in 2018, according to Statista.[2]
  • Amazon Web Services have a 67% adoption rate, making it the most popular provider for yet another year, according to data on public cloud adoption.[2]
  • 74% of experts, according to a study by The Economist, believe that by 2021, the cloud will play a significant role in this industry.[2]
  • About 70% of businesses claim that their cloud initiatives are still in the early stages of testing.[2]
  • 44% of organizations claim that their cloud adoption went according to plan.[2]
  • It is anticipated that worldwide expenditure on cloud enterprise resource planning ERP software would expand from $19.1 billion in 2017 to $28.8 billion in 2028, representing a 7% CAGR.[2]
  • 36% of businesses that previously hosted their software using alternative methods have now switched to the cloud.[2]
  • According to Gartner, by 2022, 90% of businesses that use public cloud IaaS will do so via a combined IaaS and PaaS.[2]
  • At least 40% of businesses in Finland, Denmark, the Netherlands, Ireland, the United Kingdom, and Belgium adopted cloud computing.[2]
  • In 2022, just 42% of EU businesses utilized the cloud, mostly for email hosting and file storage.[2]
  • When moving workloads onto a public cloud, more than 50% of businesses prioritize doing so from their internal infrastructures.[2]
  • Experts concur that a multi-cloud architecture will improve application performance (62%), satisfy regulatory requirements (43%), and save costs (40%).[2]
  • With 75%, Sweden has the highest percentage of cloud usage.[2]
  • With a predicted 40% share, the application software will continue to dominate the market in 2022, while system infrastructure will shift 20% in favor of cloud solutions.[2]
  • VMware vSphere is the market leader in small business adoption of the private cloud, with 33% in 2018.[2]
  • The primary duties of these central IT departments seem to be reducing cloud expenses for 68% of businesses, choosing which apps to run on which clouds for 62%, and lastly establishing cloud usage regulations for 59% of businesses.[2]
  • By 2021, it is anticipated that 41% of business workload would be executed on public cloud platforms.[2]
  • Analytics automation and AI-powered cloud operational models are more effective, saving between 30% to 50% on ongoing operations.[3]
  • The top three cloud initiatives for European organizations are 70% moving more workloads to the cloud, 59% cost-saving cloud optimization, and 50% advancing a cloud-first approach.[4]
  • With a 31% market share, Amazon Web Services is the world’s most well-known and commonly utilized cloud service and one of the top cloud IaaS offerings.[4]
  • Enterprises encounter a variety of difficulties when dealing with cloud services, but three of the most pressing ones are governance (79%), managing cloud computing investment (83%), and security (83%).[4]
  • 76% of respondents gauge their cloud accomplishments in terms of cost-effectiveness and savings from the cloud.[4]
  • With a usage of 66.2%, Dropbox is the second-best cloud storage for collaboration, followed by OneDrive (39.3%) and iCloud (38.8%).[4]
  • Furthermore, Gartner forecasts that by 2026, public cloud investment will account for more than 45% of the total business IT spending, up from less than 17% in 2020.[5]
  • The majority of cloud vendor service level agreements have 99% uptime guarantees, and they are also responsible According to Gartner, up to 99% of cloud security breaches through 2025 will be the responsibility of the client.[6]
  • 45% of businesses plan on hosting their expenses to the cloud by 2021.[7]
  • According to research, by 2024, the typical business wants to spend 80% of its overall it hosting expense on the cloud.[7]
  • According to a Google poll, 54% of businesses in the banking and financial services sectors in the U.S. have adopted cloud workloads by 2021.[8]
  • The market for cloud migration was anticipated to grow at a CAGR of 28.89% between 2022 and 2027.[8]
  • In a survey regarding cloud usage, 37% of respondents stated they want to become cloud-native in three years or less, while 30% claimed their firms are currently cloud-native.[9]
  • 21% of respondents that don’t use cloud computing indicated that they must maintain data on-premises due to legal constraints, while 19% answered that cost is the most important consideration and 19% were worried about the danger of migration.[9]
  • A closer look at respondents who are transitioning to the cloud reveals that just 6% of them anticipate becoming cloud native in a year.[9]
  • Considering the high number of respondents who claimed they were pursuing hybrid cloud or multi-cloud strategies, just 6% of respondents mentioned switching to a multi-cloud approach as a problem.[9]
  • Other significant cloud initiatives include cloud migration itself (11%), performance improvement (13%), modernizing apps (19% automation), and compliance and governance (10%).[9]
  • Telecommunications (64%), the only industry in which private clouds outperformed public clouds (60%), has the highest percentage of private clouds.[9]
  • Reducing IT expenditures is among the top three benefits of moving to the cloud, which may help businesses save 15-40% on infrastructure costs.[10]
  • Access is cited by 60% of companies with 10,000 or more workers as being the main reason for cloud breaches.[11]
  • A Gartner poll reveals that 81% of customers of public clouds already utilize two or more cloud service providers.[11]
  • According to Gartner statistics, 60% of I&O executives blame public cloud overrun expenses for their budgeting woes.[11]
  • However, their analysis also forecasts that by 2023, the top 10 providers would control 50% of the public cloud market.[11]
  • According to IDC and Ermetic, 98% of enterprises experienced at least one cloud security breach during the course of the preceding 18 months.[11]
  • According to data, 71% of companies spend up to $50 million annually to upgrade their cloud infrastructures.[11]
  • The size of the worldwide cloud computing and hosting industry expanded by 535% between 2010 and 2020.[12]
  • By 2021, 33% of studied businesses were using the cloud for more than 50% of their workloads, showing that this trend will continue to grow over time.[12]
  • The number of cloud services utilized by businesses climbed by 26.7% in less than five years, to 1,022 in 2016.[12]
  • 82% of small and medium firms claim lower expenses when implementing cloud services.[12]
  • Through 2026, the CAGR for the worldwide cloud computing industry is predicted to be 16.3%.[12]
  • 94% of businesses utilize cloud services.[12]
  • By 2020, the cloud-hosted around 41% of business workloads.[12]

Also Read

How Useful is Cloud Migration

One of the key advantages of cloud migration is the scalability it offers. Businesses can easily scale up or down their cloud resources based on their current needs, without having to buy and maintain expensive hardware. This makes it much easier for businesses to adapt to changing market conditions and seasonal fluctuations in demand. Additionally, cloud migration allows businesses to access their data and applications from anywhere with an internet connection, which can be a major advantage for organizations with remote workers or multiple office locations.

Another major benefit of cloud migration is cost savings. By moving to the cloud, businesses can avoid the upfront costs of purchasing and setting up their own hardware, as well as the ongoing costs of maintaining and upgrading it. Instead, businesses can simply pay for the cloud services they use on a subscription basis, which can result in significant cost savings over time. Not only that, but cloud migration also eliminates the need for businesses to hire IT staff to manage their hardware and software, further reducing operating costs.

In addition to scalability and cost savings, cloud migration also offers improved security and reliability. Cloud providers invest heavily in top-notch security features, such as encryption and access controls, to protect their customers’ data from cyber threats. Cloud providers also have redundant data centers and backup systems in place to ensure that their services remain available even in the event of a hardware failure or natural disaster. By migrating to the cloud, businesses can leverage these security and reliability features without having to invest in them themselves.

Moreover, cloud migration also enables businesses to stay competitive in today’s fast-paced market. By moving to the cloud, businesses can take advantage of cutting-edge technologies and tools that would be otherwise out of reach. This can help businesses increase their efficiency, streamline their operations, and ultimately drive growth and innovation. In a world where technology is constantly evolving, cloud migration can be a game-changer for businesses looking to stay ahead of the curve.

That being said, cloud migration is not without its challenges. Businesses must carefully plan and execute their migration strategy to avoid potential pitfalls, such as data loss, downtime, or interoperability issues. It’s also important for businesses to consider the long-term costs of cloud services, as subscription fees can add up over time. Despite these challenges, the benefits of cloud migration far outweigh the risks for most businesses.

In conclusion, cloud migration is a highly useful tool for businesses looking to improve their scalability, cost efficiency, security, and competitiveness in today’s digital age. While there are challenges that must be overcome, the benefits of cloud migration make it a worthwhile investment for businesses of all sizes. As technology continues to advance, cloud migration will only become more essential for businesses looking to thrive in an ever-changing market.

Reference


  1. financesonline – https://financesonline.com/cloud-computing-statistics/
  2. webtribunal – https://webtribunal.net/blog/cloud-adoption-statistics/
  3. accenture – https://www.accenture.com/us-en/insights/cloud-migration-index
  4. cloudwards – https://www.cloudwards.net/cloud-computing-statistics/
  5. gartner – https://www.gartner.com/en/newsroom/press-releases/2021-08-02-gartner-says-four-trends-are-shaping-the-future-of-public-cloud
  6. itweb – https://www.itweb.co.za/content/lwrKxq3KXBEqmg1o
  7. mckinsey – https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/cloud-migration-opportunity-business-value-grows-but-missteps-abound
  8. mordorintelligence – https://www.mordorintelligence.com/industry-reports/cloud-migration-services-market
  9. oreilly – https://www.oreilly.com/radar/the-cloud-in-2021-adoption-continues/
  10. otava – https://www.otava.com/blog/statistics-of-cloud-adoption-and-migration/
  11. thesslstore – https://www.thesslstore.com/blog/19-cloud-computing-statistics-that-will-keep-you-awake-at-night/
  12. zippia – https://www.zippia.com/advice/cloud-adoption-statistics/

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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