Weekly CloudNews: Total Cloud Spending to Top $1 Trillion by 2025


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:

Whole cloud spending to surpass $1.3 trillion by 2025 

HelpNetSecurity, Sept. 22, 2021

“Given its central role in the future enterprise, IDC forecasts “whole cloud” spending – total worldwide spending on cloud services, the hardware and software components underpinning the cloud supply chain, and the professional/managed services opportunities around cloud services – will surpass $1.3 trillion by 2025 while sustaining a compound annual growth rate (CAGR) of 16.9%.

‘In today’s digital-first world, business outcomes and innovation are increasingly tied to the ability to develop and use innovative technologies and services anywhere, as quickly as possible. Cloud is the foundation for meeting this need,” said Rick Villars, group VP, Worldwide Research at IDC. ‘Entire industries want to intelligently leverage data to their advantage and can do so because they have faster access to digital technologies built on a cloud foundation.’”

Technology skills in demand, 2021: cloud, with a twist of open source 

Joe McKendrick, ZDNet, Sept. 20, 2021

“Technology skills hiring is up, and the opportunities are in those skills that are a fusion of cloud and open source technologies. But can employers rise to the challenge of facilitating skills development in both areas? 

This question was addressed in a recent survey report, covering 750 open source professionals and 200 hiring managers, published by The Linux Foundation and edX, which shows hiring is rebounding in the wake of the pandemic. Fifty percent of employers surveyed who stated they are increasing hires this year. There are significant challenges though, with 92% of managers reporting difficulty finding enough talent, as they also struggle to hold onto existing talent in the face of fierce competition. Furthermore, the rapid adoption of open source software is widening the skills gap in the market. This is especially true for cloud native application development and operations skills, topping the list of 46% of hiring managers.”

4 steps to incorporate security into hybrid cloud environments 

Yev Koup, Security Magazine, Sept. 16, 2021

“Digital transformations are best defined as digitizing business processes to solve problems and serve customers more efficiently through online channels. It can provide huge savings in infrastructure and admin costs, help to launch new apps faster and increase overall efficiency. For most businesses, moving to the cloud is the foundation of that transformation. 

Yet, a hybrid cloud infrastructure may be a better bet for some businesses. Done correctly, a hybrid approach could offer the ultimate in flexibility, cost efficiency and agility. Hybrid cloud combines public cloud workloads and infrastructure with on-premises workloads and infrastructure, enabling businesses to leverage the optimal mix of each deployment model. In fact, more than 90% of enterprises worldwide will be relying on a mix of on-premises/dedicated private clouds, multiple public clouds, and legacy platforms to meet their infrastructure needs by 2022, according to IDC research.”

We’re here to help you anywhere on your hybrid and multi-cloud journey. Request a demo today.

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