Enterprises Urged to Embrace Public Cloud after Tech Innovat
Enterprises must embrace public cloud and tap into supplier’s latest innovations to maintain their competitive edge, according to IDC.
This comes as the analyst firm forecasts that public cloud will make up almost half (48%) of cloud spending – including private, public, hybrid and managed infrastructure – by 2021, marking 7% increase on estimates from 2016.
IDC added that public cloud spending includes the sales from the hardware and software needed to power the cloud services will reach 68% in 2021.
Senior Vice President and Chief Analyst at IDC, Frank Jens, said future revenue growth will be driven by the innovation of suppliers, and enterprises must consider making the move off-premise to remain competitive.
He said: “The shift to the cloud consumption model, in all its forms, is a mass movement, and will continue to be such over the forecast period.
“Equally important, though, is the steady drumbeat of tech innovation that is coming from the major public cloud suppliers, making it virtually impossible for enterprises and developers seeking advantage through IT not to embrace the public cloud.”
Examples of areas where the suppliers are building out their capabilities include blockchain, which records digital transactions between two parties, as well as artificial intelligence (AI) and serverless computing.
IDC expects the workloads on cloud to continue to expand and, even though there are still concerns, about supplier lock-in and security, cloud will continue to be key for companies in the future.Return to internet news headlines
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