Businesses That Leverage Cloud Services Experience 19.63% Growth Over Non-Cloud Competitors.
While motivations vary, businesses of all sizes, industries, and regions are harnessing cloud services to accelerate business growth and increase competitiveness.
According to Flexera’s 2020 State of Tech Spend Report, cloud spend has surpassed on-premise software spend, with 22 percent going towards on-premise software and 25 percent allocated for cloud solutions. Businesses are expected to increase cloud workloads by 21% in 2020. In January 2019’s “State of Cloud Report”, 94 percent of businesses surveyed use the cloud, with 91 percent adopting public cloud solutions and 72 percent utilizing private cloud services.