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?
Rapid growth in the availability and adoption of cloud services has given rise to a simultaneous increase in complexity.
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.