Flexera's 2024 State of the Cloud Report, based on a survey of 753 respondents, reveals trends in cloud adoption amid economic uncertainties, focusing on AI, security, sustainability, and cost management. It highlights a shift towards hybrid and multi-cloud environments, with significant workload presence in the public cloud and growing adoption of FinOps and cloud management strategies.
Key insights from the report:
💰 Cost Management Challenges: Surpassing security, managing cloud spending is the top challenge for the second consecutive year.
☁️ Multi-Cloud Adoption Rises: 89% of respondents utilize multi-cloud strategies, slightly up from the previous year.
🛠️ Multi-Cloud Tools for FinOps and Security: Large enterprises heavily use multi-cloud security (61%) and FinOps tools (57%).
📊 Siloed Apps and DR/Failover: Top multi-cloud implementations focus on disaster recovery and app siloing, showing significant YoY growth.
🏆 AWS and Azure Lead: Dominating cloud adoption, AWS, Azure, and Google Cloud continue to grow, while others remain stable.
📉 SMB Cloud Adoption: Slightly decreased, with 61% of SMB workloads now in the public cloud.
🤖 AI's Rising Importance: Machine learning and artificial intelligence see increased interest and usage across platforms.
🌍 Sustainability vs. Cost Optimization: While cost optimization remains a priority, sustainability initiatives are gaining traction among nearly half of the respondents.
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Impressive insights on the cloud migration trend, it's fascinating to see how PoE is sustaining on-prem hardware relevance even amidst the cloud growth!