80% of all IT budgets will be committed to cloud apps and solutions

More than 80% of the organizations surveyed in this recently published report (25 pp., PDF, opt-in) are now following a Cloud First strategy. They prefer to purchase applications as a service deployed in the Cloud over applications deployed on physical servers in their data center.

Those with a Cloud First strategy believe that their IT budgets will be 80% cloud services in less than 12 months, while those without such a strategy think it will be closer to 20 months with 15 months being the average. That’s remarkable [at least to me]. Clearly, trust and confidence in the Cloud has grown quickly.

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Cloud First is the reality. Most organizations want to migrate quickly to the Cloud. Source: Building Trust in a Cloudy Sky (see link above).

At frevvo, that’s very much in line with what we see. Customers mostly prefer our public cloud – even very large organizations. They’re less concerned about security and availability and more interested in practical issues like cost. That’s likely because incidents have decreased.

We also offer both Public and Private cloud. We’ve noticed too that customers increasingly perceive the benefits of public cloud surpassing private cloud, especially when it comes to cost. The TCO for Public Cloud is almost universally perceived as being hugely lower – sometimes to the point that customers expect public cloud services to be incredibly inexpensive.

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To us, it’s still a surprising number. 80% of the IT budget going to Cloud computing in just over 1 year. Clearly Cloud Computing has matured and is being adopted broadly.

Learn more about frevvo’s solutions by visiting our website where you’ll find several customer success stories. Explore some of the examples and contact us for more information.

Download the full report at Building Trust in a Cloudy Sky: The State of Cloud Adoption and Security (25 pp., PDF, opt-in).

 

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