Excessive Cloud Spending In The Spotlight
BigDATAwire, Wednesday, February 26th, 2025
Are you spending too much in the cloud? Many business leaders feel they are overpaying as they move their data and apps into the cloud. According to a pair of studies released this week, excessive data egress fees are particularly damaging to cloud happiness, while orphaned cloud processing capacity is a tough nut to crack.
After leveling off a tad in 2024, public cloud spending is projected to continue its relentless upward pace this year, rising to $723.4 billion, or 21.4% increase over 2024 figures, according to Statista. AWS continues to dominate the space, with about a 31% share in Q3 2024, followed by Microsoft Azure at 20% and Google Cloud at 12%. The remainder is split up among Alibaba Cloud, Oracle Cloud Infrastructure, and IBM Cloud.