Solution guide: trustworthy enterprise transformation

Navigating the cloud

With lockdowns, inflation, supply chain issues and war in Europe, it has been hard for businesses to steer a steady course over the past few years. However, two things are certain; IT spend continues to rise and everyone is heading into the cloud in pursuit of digital transformation.

• According to IDC, for the first time ever, the majority of enterprises (53%) have an enterprise-wide digital transformation strategy, an increase from 37% only two years ago.
• Gartner estimates that public cloud services now account for around $500 billion, or just over 10% of global corporate IT spend (up from 4% in 2017).
• Public cloud apps (SaaS) generate almost $200 billion a year. The IaaS and PaaS markets are both worth over $100 billion with the highest forecast CAGR. And business processes, security and management services are approaching $100 billion.
• Private cloud – the proprietary component of what Forbes describes as the new ‘software economy’ - is moving just as fast, with CAGR of 29.6% and a value of $130 billion.
• According to Microsoft, over 95% of new digital workloads will be deployed on cloud-native platforms by 2025, up from 30% in 2021.
• Everything is becoming a service; according to IDC 61% of organisations worldwide are interested in shifting to consumption-based models for IT investments rather than capital-intensive purchases.