Almost all enterprises are transforming their content into the cloud, where they handle sharing, compliance, and governance through the use of precision control. As a result, the problem of clunky workarounds is eliminated.
Interestingly, a report by IDC says that the expenditure on the public cloud is expected to grow beyond 22% through 2023.
Studies on migration to the cloud focus on specific benefits that no organization can ignore. Below are some of them.
- Cutting down IT costs
- Enhancing business agility
- Upgrading security
- Eliminating the end-of-life concerns
- Desired digital transformation
- Accelerating overall growth
As per a survey by Gartner, worldwide spending on the cloud is expected to reach beyond $482 billion towards the end of 2022. Further, research by Industry research predicts that the worldwide cloud computing market size will reach about USD 947.3 billion through 2026. In 2021, the market stood at about 445.5 billion USD. The increase is, evidently, significant.
Also, another report from IDC says continued cloud computing adoption can easily prevent beyond 1 billion metric tons of CO2 from 2021 to 2024. Due to IT operations, reducing the carbon footprint is crucial for enterprises.
Organizations are faced with a never-before need to remain compatible through innovative and growing technologies. Furthermore, the adoption of these technologies should fuel the possibility of reduced processing times to enhance operational efficiency.
The only method to achieve this is through migration to the cloud, as cloud computing can function as the backbone of every digital delivery service. Safeguarding data is another priority. Therefore, cloud computing and total cloud migration are critical priorities in 2022. The cloud is going to be the new norm and cloud security is, therefore, vital to ensuring data security.