18 Jan 2018
Will 2018 be the year of the cloud?
The evidence would certainly suggest that a tipping point has been reached.
A recent report by Forrester predicted a global public cloud market of $178bn for 2018, up from $146bn in 2017; equivalent to a Compound Annual Growth Rate (CAGR) of 22 per cent. Fifty per cent of global enterprises, according to the report, will rely on at least one public cloud platform to drive digital transformation.
A recent study by LogicMonitor predicts that 83 per cent of enterprise workloads will be in the cloud by 2020, with 41 per cent of workloads running on public cloud platforms such as Microsoft Azure. Digital transformation (63%) is the leading factor driving greater public cloud adoption according to LogicMonitor, with Artificial Intelligence (AI) and Machine Learning also emerging as important catalysts.
Over at Microsoft, annualised revenue run rate from the company’s rapidly growing Azure cloud platform has already passed the previously set target of $20bn in annual cloud sales for 2018.