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Moving To Enterprise Cloud Computing? 10 Stats You Need To Know

By [x]cube LABS
Published: Aug 12 2015

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The adoption of cloud computing in businesses has grown manifold in the last few years. For some organizations, cloud has become the go-to model to become more cost-efficient, productive and innovative. Over the years, cloud computing in enterprises has undergone many changes. Here are 11 stats you need to know about enterprise cloud computing

1. Size of market
	Enterprise cloud subscription revenues predicted to reach by 2018. Source : Appsrunthecloud
2. Cloud is rapidly growing
	CAGR growth in spending on cloud computing infrastructure and platforms from 2013 through 2018. Source : Goldman Sachs
3. Cloud taking center stage in enterprise IT
	IT decision makers are planning to increase spending on cloud computing in 2015. Source : Computer World
4. Enterprises are embracing cloud computing
	Enterprises will have at least half of their infrastructure on cloud-based platforms by 2018. Source : Digital Business
5. IaaS is popular
	Organizations surveyed are running applications or experimenting with infrastructure-as-a-service. Source : Right Scale
6. Hybrid cloud is popular as a strategy
	Enterprises have a hybrid cloud strategy, up from 74 percent in 2014. Source : Right Scale
7. Public cloud preferred over private
	Organizations are using public cloud while 63 percent are using private cloud. Source : Right Scale
8. Still there is enough space for growth
	Enterprises run less than a fifth of their application portfolio in the cloud. Source : Right Scale
9. Cost-efficiency is the major driver for enterprise cloud
	Businesses surveyed are using cloud to drive cost efficiencies while 42% are using to better enable mobile work force. Source : KPMG
10. Cloud boosting business performance
	Business surveyed experienced improved business performance as a result of cloud implementation while 70% experienced cost reduction. Source : KPMG
11. Data and privacy are major challenges
	Enterprises find Data loss and privacy risks as most challenging areas when adopting cloud while for 50% intellectual property theft is the major challenge. Source : KPMG

As Scott McNealy, former CEO of Sun Microsystems, puts it “It (cloud computing) has security, directory, identity, privacy, storage, compute, the whole Web services stack”. With so many benefits to offer, cloud computing in enterprise will continue to grow.

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Tags: Cloud Computing