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Cloud Computing: Cloud Spending Continues to Power Past On-Premise Spending
Spending on Cloud Computing is trouncing the amount of money being spent on maintaining on-premise data centers. A report by Synergy found that companies expect to spend 52 percent more this year on the cloud compared to just 2 percent more on on-premise systems.
Cloud infrastructure services grew from near zero in 2009 to $100 billion in 2019 with an average of 56 percent annual growth over than time. On-premise data center spending grew an average of 4 percent over that period.
2020 saw a spike in the use of cloud computing because of work from home, hybrid work, and virtual collaboration and meeting policies. With COVID under control, the growth will likely slow, but will continue.
John Dinsdale, chief analyst at Synergy, said that “2020 can be considered an anomaly due to COVID-19, but the trend is completely clear and is expected to continue for years to come.”
Bob Moore, partner at PwC, agrees saying that “as the exodus to virtual work underscores the urgency for scalable, secure, reliable, cost-effective off-premises technology services, we imagine this trend will persist.”
Richard L. Villars, VP at IDC, said that the “cloud in all its permutations – hardware/software/services/as a service as well as public/private/hybrid/multi/edge – will play ever greater, and even dominant, roles across the IT industry for the foreseeable future By the end of 2021, based on lessons learned in the pandemic, most enterprises will put a mechanism in place to accelerate their shift to cloud-centric digital infrastructure and application services twice as fast as before the pandemic.”
