What does that mean for you?
Public cloud revenue is forecasted to reach $266.4 billion in 2020, a 17% increase from $227.8 billion in 2019.
Current trends are a gold mine for cloud providers, but what exactly does that mean for you?
While cloud providers continue to make record profits every year, their customers are struggling to manage their costs and waste billions of dollars in cloud spend.
On the contrary to on-premise storage prices, which are decreasing, cloud prices are on the rise. Unfortuantely, that is not stopping most companies from helping cloud providers get wealthier by the minute.
Public cloud -the fastest growing market segment in IT
Cloud has become a gold-rush, a promise at something great by all the possibilities it brings. In fact, everyone is developing a cloud strategy, and not having one is seen as falling behind.
Investing in a cloud strategy is a top three priority for enterprises, but once they are in the cloud, managing their costs becomes one of the biggest challenges.
This comes in light of eye-opening findings showing that about 15 billion, if not more, of cloud spend is wasted money.
Public cloud service revenues worldwide are not predicted to slow down anytime soon, on the contrary, they will continue to drastically increase, and we could see the total revenue rise but further 100 billion dollars to almost 350 billion by 2022.
The primary honeymoon phase after “striking the gold” is quickly replaced by the very real escalated costs month for month that had not been calculated from the start.
Public cloud cost management
Will you risk crippling your budget just to follow the trend?
Just like with real gold, knowing where and how to manage best cloud can be extremely tricky. In fact, staying on top of the constant changes and trends in cloud is way beyond what any CIO and his most knowledgeable employees are capable of. Not because they are not talented, but because of how constant and dynamic these changes are. Nevertheless, it should be an absolute need for all companies, to get the most out of their cloud services and manage the escalating costs.
We can definitely help! We use AI to analyze your current cloud spend and give you actionable measures based on your current spend making sure your money is not wasted.
Now more than ever, cloud cost optimization will be a priority for many, but it is also an achievable goal with Kostner Save.
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