The State of the Cloud, 2024

Description

Businesses are Leveraging AI and Cloud for Continued Success

According to business respondents to the 2024 Frost & Sullivan Global Cloud User Survey, artificial intelligence (AI) has now surpassed cloud as the most important aspect of digital transformation. As such, companies continue to build hybrid, multicloud environments to support AI deployments that meet business goals, such as revenue growth, improved customer experience, and operational efficiency. In the 13th annual survey of IT decision-makers responsible for cloud implementations, respondents representing a range of industries, company sizes, and regions of the world share their perceptions, plans, and behaviors related to cloud infrastructure, choice of a public cloud provider, data growth, and managed services.

Notable findings include:

Businesses view hybrid and multicloud environments as critical to business success, with 73% of respondents saying that a successful, competitive business requires a strategic, seamless hybrid or multicloud environment.
Nearly 57% of business applications are cloud-native, with 43% remaining in legacy infrastructures. The primary reasons that businesses keep some apps on premises are related to security, sustainability, and the leverage of existing investments.

The survey results offer enterprises and IT service providers a glimpse of the near future for the cloud market.

Product Code: KACD-72

Research Objectives and Methodology

Research Objectives and Methodology
Respondent Profile

AI Surpasses Cloud as Key Technology for Business

Key Findings
Technologies Important to Achieving Business Priorities
C-Suite Influence on IT Investments Increasing
Security, Costs, New Technologies Top Organizational Challenges
Businesses Prefer to Pay for Cloud Using Tier-Based Subscriptions
Most Businesses Seek to Optimize Cloud Costs Through Rightsizing
ESG Remains a Priority, But Knowledge and Costs Hinder Initiatives

Cloud Adoption Grows Across all Deployment Types

Largest Businesses Embrace Public and Hybrid Clouds
Healthcare Dominates Public Cloud

Hybrid Cloud is Foundational for Enterprise IT

Hybrid and Multicloud Computing at the Heart of Digital Transformation
Larger Companies More Likely to See Cloud as Critical
Legacy Apps Remain in 2024
Businesses Modernize Apps Using Many Methods
Security, Sustainability, Existing Investments Top Reasons to Choose Traditional Infrastructures

Edge Computing Growth Continues

Edge Computing Slows, but Planned Usage Remains
Large Businesses Lead on Edge Deployments
Data Processing, Optimized Infrastructure, Improved Control at the Edge

Third-Party Providers Offer Critical Expertise, Support

Managed Service Provider Usage, Plans Decrease
Partners Assist with Areas of Greatest Challenge
New Tech Integration, Faster Time to Functionality are Leading Benefits

Appendix

Growth Opportunities Fuel the Growth Pipeline Engine™
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
Next Steps
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
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