Public Cloud Services Revenue Reached $233.4B
The COVID-19 pandemic has accelerated the Digital Transformation trends. Savvy CIOs and CTOs that were an early adopter of public cloud computing technologies now have a significant strategic market lead over their competitors. Moreover, a few dominant IT platform providers continue to benefit from this trend.
U.S. Demand for Computer Science Education
There is a great and unmet need for computer science education in schools so that students learn the skills necessary to excel in their future workplaces. All stakeholders express a desire for more and better computer science learning opportunities, suggesting that expanded programs could help prepare today’s students for the future economy.
Cloud Digital Infrastructure: CIO Investment Trends
“By 2021, based on lessons learned, over 80% of your competitors will put a mechanism in place to shift to cloud-centric digital infrastructure twice as fast as before the pandemic. By 2023, you will depend upon digital infrastructure as the underlying platform for all of your IT and business automation initiatives, everywhere.”
Global Hyperscale Cloud Providers Dominate IaaS Growth
Leading public cloud service providers continue to gain market share across the globe. The cloud Infrastructure as a Service (IaaS) market grew 37.3 percent in 2019 to reach $44.5 billion — that’s up from $32.4 billion in 2018, according to the latest worldwide market study by Gartner.
What CEOs Didn’t Talk About During the Pandemic
“There is a widespread belief that COVID-19 is accelerating legacy software applications and other enterprise workloads moving to the cloud. Our keyword analysis, however, does not show a meaningful increase in CEOs that discussed the topic throughout Q2 2020.”
via IoT Analytics
Oil and Gas Industry Boosts Public Cloud SaaS Demand
Cloud computing allows oil and gas companies to scale their data management and storage, driving greater flexibility in infrastructure costs. The high computing power delivered via cloud platforms supports the adoption of other technologies such as the intelligent management of physical assets.
How Cloud Computing Growth Enabled Remote Working
“CIOs and CTOs have been among the heroes of the COVID-19 response by pivoting their organizations to enable pervasive remote working. The cloud allows them to play an even more critical role in making business strategies successful.”
Capital Markets Shift IT Spend to Public Cloud Services
Everest Group predicts that the spend on IT services in the capital markets industry will decline 2.1% in 2020 due to COVID-19, with outsourcing spend seeing a dip of -3.7% as firms reallocate resources and cost transformation initiatives are prioritized.
via Everest Group
How Cloud-Native Apps and Developers Drive Digital Growth
Server virtualization was one of the key steps toward further IT infrastructure abstraction. Every enterprise CIO and CTO knows that managing a server farm is problematic. That’s why the quest for container and serverless platforms is driving more organizations to reassess their data center.
Microservices Gain Momentum Among Cloud App Developers
According to a market study of cloud container usage, “about 28% of respondents say their organizations have been using microservices for at least three years; more than three-fifths (61%) of the respondents have been using microservices for a year or more.”
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