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Business are investing in cloud solutions at an unprecedented rate. Gartner predicts that the global public cloud market will grow 17.3% in 2019 to a total of $206.2 million. Compared with $175 billion in 2018, that represents a significant leap, with infrastructure services identified as the fastest-growing segment and hybrid cloud being the most common form of adoption. But what is driving this rapid rise?
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Rapid growth in the availability and adoption of cloud services has given rise to a simultaneous increase in complexity.
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As cloud adoption escalates, so do the associated costs. Cloud computing expenditure now accounts for around a third of an average company’s IT budget, according to research by IDG Enterprise. It is therefore imperative that cloud spending is carefully managed.
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