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Weekly CloudNews: Cloud Spending Boomed in Q1

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Welcome to this week’s edition of CloudBolt’s Weekly CloudNews!

Here are the blogs we’ve posted this week:

With that, onto this week’s news:

Global cloud spending saw a huge boom in Q1 2021

Anthony Spadafora, TechRadar, July 6, 2021

“Enterprise spending on cloud computing saw a big boost during the first quarter of this year according to new data from the International Data Corporation (IDC). In its latest tracker, the market intelligence firm revealed that spending on compute and storage infrastructure products for cloud infrastructure rose by 12.5 percent year over year during Q1 2021 to reach $14.1bn. Investments in non-cloud infrastructure meanwhile increased by 6.3 percent year over year to reach $13.5bn.

As businesses around the world begin to return to the office and implement hybrid working policies, sectors of the economy that suffered the most revenue loss during the pandemic are returning to growth.”

Security Problems Worsen as Enterprises Build Hybrid and Multicloud Systems

Maria Korolov, Data Center Knowledge, July 6, 2021

“According to a report released in February by Salt Security, 91 percent of companies reported API-related security problems last year. More than 80 percent weren’t sure whether the APIs they used exposed personally identifiable information, and about one fifth said they had no way of finding out which APIs exposed sensitive data.

APIs are just one example of potential attack surfaces for cloud-based infrastructure, and it’s not a surprise that cybersecurity incidents involving cloud infrastructure have now surpassed those involving on-prem resources.”

Infrastructure shifts to cloud due to remote work expose enterprises to new security threats; Security teams absorb responsibility

Grant Wernick, Security Magazine, July 7, 2021

“In a new era of hybrid workspaces, many sectors are making the shift to the cloud and adopting cloud-based SaaS applications at an accelerated pace for agility and scalability – but this practice and the efficiencies that are gained come at a cost. Business leaders are realizing that they must allot more of their resources and budgets to address new security concerns surrounding these transitions to keep their environment safe and prevent breaches.

Challenges related to infrastructure shifts to the cloud accelerated due to remote work and the COVID-19 pandemic. Deloitte found that 64% of companies enabled remote work in 2020. Over half of these companies plan to preserve this setup, resulting in a surge of cloud software and core SaaS application adoption.”

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