#cloud test

Businesses continue to invest heavily in the IT infrastructure and additionally the licenses are required for both software and hardware which essentially involves cost and time. As businesses revolve around ways to reduce their costs and ease their operations, it is at this particular point, the concept of cloud migration comes into place. Cloud migration is the process of moving databases, applications, and IT processes of businesses into the cloud.

This cloud migration or cloud computing effectuates the move from on-premise or legacy infrastructure to the cloud. This legacy infrastructure includes servers, networking equipment, apps, databases, and other software or hardware infrastructure which can be moved to the cloud through the process of cloud migration.

There are many benefits businesses get with cloud migrations such as agility, flexibility, cost-effectiveness, improved CX, etc. With many leading cloud service providers, businesses can get services on-demand and can pay only for the resources they use. Thus, more and more businesses are moving towards the cloud. There are interesting facts and some statistics stated by leading research analysts on cloud migration.

An overview of cloud migration statistics by leading research analysts

● Forrester predicts that the global public cloud infrastructure market will grow 35% to $120 billion in 2021. Alibaba cloud will take the Third revenue spot globally, after Amazon Web Services (AWS) and Microsoft Azure.

● According to Forbes, 32% of IT budgets will be dedicated to the cloud by 2021.

● A recent survey conducted by Flexera on 750 enterprises and small-to-medium businesses (SMBs), in the first quarter of 2020 revealed that the vast majority of respondents (93 percent) have already employed a multi-cloud strategy.

● According to Enterprise Cloud Solutions, half of the U.S State and Federal governments heavily use the cloud. On a similar note, another FedRAMP Survey Results Report states that the governments in the United States, especially in bigger cities, are increasing their cloud adoption especially following the initial COVID-19 outbreak.

● As per the news published by The Hindu, Tech giant Microsoft has witnessed an over 775% increase in demand for cloud services post-pandemic. The COVID-19 outbreak across the world led companies to shift from on-premise IT infrastructures to the cloud.

All these above data signifies how important it is for businesses to look upon cloud migrations. It is also predicted that multi-cloud will dominate post-pandemic and COVID-19 has been a major driving force for the accelerated demand of hybrid and multi-cloud models for businesses. Moreover, with the huge number of benefits of the cloud, businesses are moving towards cloud adoptions rapidly.

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