Cloud Computing Facts You Must Know Heading Into 2023

1. 60% of the world's corporate data is stored in the cloud. (Source)
2. Cloud infrastructure services generate $178 billion per year in revenue (Source)
3. Cost (51%) is the biggest factor holding companies back from adopting multi-cloud infrastructure followed by: Security (47%), Skill Shortages (41%), Complexity (35%), and Compliance (33%). (Source)
4. PaaS will make a revenue of $164.3 billion by 2026. (Source)
5. 36% of commercial real estate executives plan on investing in cloud computing. (Source)
6. 51% of companies don't use encryption or tokenization to protect data stored on the cloud. (Source)
7. By 2025, over half of the cloud spending will go to four main enterprise categories. These areas are: Business Process Services, Infrastructure Software, System Infrastructure, Application Software. (Source)
8. In a survey of 750 cloud decision-makers 81% said security was a top challenge. More than managing cloud spend (79%), governance (75%), and compliance (75%). (Source)
9. Less than half of traditional small businesses use cloud infrastructure or hosting services. (Source)
10. 44% of traditional small businesses use cloud infrastructure or hosting. Compared to 66% of tech-based small businesses and 74% of enterprise companies. (Source)
11. Between 2022 and 2032, the cloud computing industry will be worth over $1.9 billion. (Source)
    

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