Cloud Is Here To Stay, But Customers Are Starting To Question The Cost
The Register, Monday, September 11,2023
Hyperscalers made it sound like it was all self-service, in reality it was no
Cloud-based infrastructure services date back at least as far as 2006, when AWS introduced its S3 storage platform, followed by Elastic Compute Cloud (EC2) instances. Since then, cloud has become a global industry topping $100 billion in size, but some customers have begun to question the move to these services and started to bring workloads back in house.
The cloud market has in fact been so successful that it has proved largely resilient to the global economic factors that saw some tech companies report record losses this year. The rate of growth in cloud spending has slowed - from 20 percent in Q4 2022, to 19 percent in Q1 of this year, to 18 percent for Q2, according to Synergy Research - but it has continued to grow.