IT decision makers will continue spending bigger chunks of their budgets on public cloud services, as enterprises are expected to migrate more of their workloads to the cloud, according to a new industry report.
Hybrid cloud company OpsRamp surveyed 137 IT executives from medium to large-sized organizations that already use cloud infrastructure. The report confirmed findings from other studies and market projections indicating that IT leaders will continue betting big on cloud infrastructure, despite lingering concerns about security.
The majority of businesses surveyed — 84 percent — said they expect to move more workloads to the cloud in the next two years.
That means spending on the cloud is also set to rise. In the next few years, according to the study, 80 percent of respondent expect to dedicate more than 30 percent of their IT spend on cloud infrastructure, compared to 60 percent that currently spend at that level.
“The time horizon may differ, but public cloud is an unstoppable growth engine,” the report says.
The biggest driver of public cloud adoption is scalability and flexibility, with 62 percent of IT executives naming that as the top priority. But cost also remains a huge reason behind cloud adoption, according to the report, as organizations take advantage of usage-based pricing models that enable infrastructure decisions based on business need.
Security in the cloud was the biggest concern, cited by 58 percent of respondents.
The survey also highlighted the preference by enterprises to use multiple cloud providers to avoid “cloud lock in.” Two-thirds of respondents expect to use multiple cloud providers
- 90% of organizations were using cloud services for at least a year
- 7% of respondents have used public cloud for more than seven years
- 50% classified their level of cloud adoption as still “developing”
- 29% think their cloud practices have reached a state of maturity
- 90% expect to shave at least 10% of their IT budgets by moving to the cloud