Many organizations have already moved their workloads to the cloud. According to recent research, migrations to the public cloud grew to 92% from 89% for the last three years. And now, over 80% of firms with 1000 workers or more are using multiple cloud platforms at a time. By 2024, this percentage is expected to jump up to 90%. Moreover, during the next year, the global market spending on public platforms is going to hit the staggering US$277 billion, which is 73% more than in 2018.
Many companies rushed into cloud computing because it enables them to be agile and competitive in a fast-paced and ever-changing customer landscape. Cloud is a solution to reduce the expenses for maintaining on-prem workloads; it fosters constant improvements by scaling the applications on demand; it aids in streamlining and standardization of security measures.