Public cloud is expected to grow 23% (overall) in 2021. Is that a fast enough pace of growth, or are there still significant barriers to adoption and faster growth?
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SHOW NOTES:
IS THE PUBLIC CLOUD GROWING QUICKLY?
- Q1 2021 vs. Q4 2020: AWS (+30%), Azure (+23%), GCP (+46%)
- Growing faster than On-Premise, Existing IT (8.4%)
WHY ISN"T THE PUBLIC CLOUD GROWING FASTER?
- Data Gravity - Moving data into the cloud is expensive and slow
- Data Centers are long-term depreciation activities (10-20 years)
- “App Modernization” budgets are small - as a % of IT budgets
- SaaS is growing at 20% YoY
- Cloud Costs are expensive and complicated to understand
- Tech VC is still investing in Tech Startups
- Security is always a Top 3 priority, and Cloud Security is different
- A large portion of Enterprise and Gov’t isn’t connected to the Internet - and Mainframes aren’t in the cloud.
- Retraining Cloud Skills takes time (Gladwell 10,000 hour rule)
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