As the proportion of the IT budget allocated to cloud increases, the focus on cloud costs will increase, and cost efficiency will once again rise as an area of focus and a decision driver for customers. And it is reasonable to expect this focus on costs to drive yet another wave of price reductions and price wars among cloud providers.
“The sharp slowdown in SaaS subscriptions is most likely due to two major factors: 1) a sharp slowdown in new deals — as Oracle, for one, acknowledged in its earnings call — and 2) cancellations of existing contracts or delays in payments.”
COVID-19 is testing many companies’ IT preparedness, and as a result, a notable increase in cloud usage will occur once the virus subsidies, driving accelerated growth from 2022 to 2024. Today, however, many businesses that have on-premises IT infrastructures will likely postpone public cloud computing deployments.
“The quantum computing age is growing ever closer – and it could render current encryption systems obsolete. These risks could also prevent this technology’s true value from being realized. Addressing this issue requires action at the national and global levels – now.”
Employees are producing at a higher level working remotely. As companies progress on the journey from the current crisis to a return to growth and the future enterprise, SaaS and cloud-enabled innovation provide a new playbook for turning disruption into an opportunity.
“Public cloud providers will continue to seek edge location partners beyond telecom operators and appear to have plans to colonize the private, on-premises edge, including the ‘far edge’ of 55 billion connected devices that IBM is predicting for 2022.”
via Analysys Mason
The primary drivers for top workloads on public cloud infrastructure include ‘Lift & Shift’ migration patterns, the beginning of the adoption of AI/ ML capabilities, and the growth of cloud-native applications and dev/ test use cases on public cloud.
via IDC Blog
Based on the review of cloud service provider offerings, recent acquisitions, and the competitive outlook, ABI Research now forecasts that cloud suppliers will grow their share of IoT data and analytics management revenues from $6 billion in 2019 to $56 billion in 2026.
Top workloads to be repatriated to on-premises infrastructure include Security, App Dev & Testing, and System Management, with primary drivers for repatriation cited being resource consolidation, data security concerns, and better TCO.