Hybrid Cloud Adoption Strategy For CIO
Techstrong ITSM, Monday, September 16th, 2024
Today, business is changing continuously, and technology is trying to catch up with these business agilities to meet the time to market. Organizations are expanding their usage of cloud to maintain their competitive edge, accelerate the innovation and transform interactions with customers, employees and partners.
The Pandemic further increased the demand for speed of delivery and scale of cloud adoption.
According to an Allied Market Research report, the hybrid cloud market was valued at $96.7 billion in 2023, and is estimated to reach $414.1 billion by 2032, growing at a CAGR of 17.2% from 2024 to 2032.
Gartner predicted that by 2025 enterprises will spend more on public cloud services than traditional IT solutions.
As per IDC, by 2025 85% of organizations will see a 35% increase in sustainable efficiencies by using software and cloud-based infrastructures.