As cloud computing rapidly proliferates enterprise IT and organizations migrate more of their traditional workloads and on-premise data in the cloud, the cloud will remain one of the fastest-growing segments of IT spend.
According to Gartner, by 2024, more than 45% of IT spending on system infrastructure, infrastructure software, application software, and business process outsourcing will move from traditional IT infrastructures to the cloud.
Enterprises are struggling to scale their infrastructure to the insatiable demands. They are adding up costs to hardware procurements, issue software updates, secure infrastructure, train staff, etc. On top of that, the ongoing pandemic is holding available human resources, limiting data center facilities, and shrinking hardware supply chains. Cloud computing brings much-needed relief.
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