Cloud adoption rates are increasing by the day as more businesses take advantage of everything the cloud has to offer. But along with the benefits the cloud offers, it also brings increasing security risks. Heres a list of 19 cloud adoption and security statistics you should know in 2021 and beyond
As kids, its fun to lay outside with family or friends and stare up at the sky. You look for fun and exciting shapes and characters in the clouds. But as adults, particularly those working in IT security for enterprises, we look to clouds in a different way both as a source of scalable storage and as a means of delivering services in our digital world. This is particularly true when it comes to increasing remote work requirements since Covid-19 first reared its ugly head nearly two years ago.
However, as you know, the cloud has its ups and downs when it comes to security and usages. Thats why weve put together a list of 19 attention-grabbing cloud computing statistics this will cover data relating to cloud adoption, cloud security, and other informative statistics.
Lets hash it out.
When it comes to cloud adoption, you must decide whether its better for your business to use a single cloud provider or work with multiple cloud providers. Part of this decision entails choosing whether to use in-house resources (on-prem), cloud, or perhaps a hybrid approach.
Theres no right or wrong answer that decision is something you must determine the answer to based on factors that include your budget, needs, and in-house resources (including personnel).
Data from Flexeras 2021 State of the Cloud Report shows that nine in 10 enterprises are taking a multi-cloud strategy approach. Within that group, more than 80% of enterprises report having a hybrid cloud strategy in place.
Organizations that have multi-cloud strategies are less likely to be dependent upon individual vendors. Gartners 4 Trends Impacting Cloud Adoption in 2020 report shows that by 2024, nearly two in three organizations will use more than one vendor.
Furthermore, data from a separate Gartner survey also shows that 81% of public cloud users currently use two or more cloud providers. However, their research also predicts that 50% of the public cloud market will be controlled by the 10 biggest providers by 2023.
Every day, the cloud is playing a larger role in organizations operations and services, and businesses are increasingly turning to PKI to provide identity and security. In their 2021 State of Machine Identity Management report, Keyfactor and the Ponemon Institute report that more than half of organizations report cloud-based services as the impetus for public key infrastructure deployment and usage growth rates. This is followed by:
Cynets 2021 Survey of CISOs with Small Cyber Security Teams shows that companies with smaller security teams are looking primarily to the cloud (57%) as a means of implementing security technologies. This top-ranking priority is followed by on-prem (21%) and hybrid (13%).
By outsourcing resource-intensive processes like managing in-house IT infrastructure, companies can free up their limited personnel to focus on other priorities.
Whether its the cost of running servers or having the personnel in place to manage them, everything costs money and prices are increasing. With this in mind, lets explore some of the cloud computing-related costs for businesses.
Data from Proofpoint and the Ponemon Institutes report The Cost of Cloud Compromise and Shadow IT shows that security incidents cost businesses a pretty penny. Their survey of 662 U.S. IT and IT sec professionals shows that cloud account compromises cost an average of more than $6.2 million over 12 months. 86% of the surveyed organizations said cloud account compromises cost them at least $500,000.
To put this into context, the cost of cloud account compromises averages out to be 3.5% of their total revenues within the same period.
Cloud migration can cost a pretty penny, but not all organizations properly plan for the expenses. While organizations often plan for the direct costs associated with this process, planning for indirect costs can fall through the cracks. As such, Gartners cloud migration cost research predicts that almost two in three infrastructure and operations (I&O) leaders through 2024 will experience public cloud migration cost overruns that will take a toll on their on-prem budgets.
Flexera reports in their 2021 State of the Cloud Report that 30% of the organizations they surveyed have annual public cloud spends ranging between $2.4 million and $12 million. Another 31% of their survey respondents indicate they spent more than $12 million a year!
Based on the estimate of $12 million a year, that means these large organizations are spending an average of $32,876.72 a day on public cloud.
$50 million thats more money than some business owners will ever see in their entire lifetimes. But according to research from IDC and the cloud infrastructure security company Ermetic, that number is just the annual cloud infrastructure expenses for some companies. Their research also shows that 71% of businesses invest up to $50 million a year to expand their cloud infrastructures.
Cloud security is integral to your organizations overall security health. Lets explore some relevant cloud security statistics and data to give you a better view of what this sector of the industry looks like.
Would you believe me if I told you that nearly all organizations have experienced a cloud data breach within the previous year and a half? Data from IDC and Ermetic shows that almost all the organizations (98%) they surveyed experienced a minimum of one cloud data breach in that period. Their study involved 200 CISOs and other security decision-makers from U.S. companies.
The report indicates that this rose nearly 20% from their 2020 survey in which only 79% of respondents indicated the same.
In early 2021, Keyfactor hired the Ponemon Institute to conduct a survey of 100 North American IT security execs to better understand their zero-trust strategy priorities and where public key infrastructure fits in:
Verizons 2021 Data Breach Investigations Report (DBIR) shows that servers lead the way in terms of being the top assets targeted in data breaches. Web application servers took the lead as the primary breach target, encompassing more than 50% of breaches; mail servers came in second with ~25% of data breaches targeting them.
Compromised external cloud assets were more common than on-premises assets in both incidents and breaches. Conversely, there was a decline of user devices (desktops and laptops) being compromised. This makes sense when we consider that breaches are moving toward Social and Web application vectors, such as gathering credentials and using them against cloud-based email systems. Verizon 2021 DBIR Executive Brief
More than 50% of the web app attack-based data breaches Verizon analyzed in their 2021 Data Breach Investigations Report (DBIR) involve mail server compromises. Of those compromised, the overwhelming majority (96%) were cloud-based mail servers.
Data from IBM and the Ponemon Institutes 2021 Cost of a Data Breach report shows that the average cost of a data breach for a hybrid cloud environment is $3.61 million. This average cost is less than other cloud environments (i.e., on-prem, private, and public clouds). The average total cost of a data breach for businesses globally was $4.24 million.
IBMs 2021 Cost of a Data Breach report shows that cloud misconfigurations were the third most common initial attack vector in the breaches they analyzed. These types of data breaches require an average of 186 days to identify and another 65 to contain. The price tag accompanying this attack vector? A cool $3.86 million in total costs.
Needless to say, these types of cloud security statistics underscore the importance of having strong security measures, processes, and policies in place. Having these resources in place can help you avoid oops situations that put your company, data, and reputation at risk.
Its no secret that security misconfigurations are a big issue for businesses. But Palo Altos Unit 42 2H 2020 research indicates that two in three security-related incidents are due to misconfigurations. But thats still lower than estimates from Gartner, which estimates that 99% of cloud security failures through 2025 will be the customers fault pointing to the idea that misconfigurations are a much bigger issue.
Palo Altos Unit 42 Cloud Threat Report 1H 2021 data shows that nearly one in three organizations fail to implement proper security measures in the cloud. These controls are what help to protect cloud environments against attacks and mitigate vulnerabilities.
Access security measures are the locks on your doors and the walls around your castle. But data from IDC and Ermetic shows that access-related vulnerabilities cause four in five cloud data breaches. The top-ranking industries? Healthcare, Utilities, and Media.
Overall, their report also shows that larger companies are more at risk of experiencing these security issues than businesses with fewer employees. (60% of businesses with 10,000 or more employees cite access as their leading factor for causing cloud breaches.) This makes sense, considering that they have much larger attack surfaces than their smaller business counterparts.
Before we jump into the data, ask yourself: what types of data are you storing in the cloud? And what steps are you taking to ensure that data remains secure?
When it comes to cloud storage, organizations store everything from employees and customers sensitive information to intellectual property and trade secrets. Lets explore some key cloud computing and usage statistics relating to stored data.
Frankly, storing sensitive data in the cloud is always risky this is why companies that choose to do so need to take extra precautions in terms of how they secure that data. According to SANs 2021 Cloud Security Survey data from a presentation sponsored by Blue Hexagon, the top three types of sensitive or regulated data that companies store include:
Flexeras 2021 State of the Cloud Report data shows that almost half of enterprises workloads (47%) and data (44%) are currently stored in public cloud environments. These organizations aim to add another 8% and 7%, respectively, to the cloud within the following 12 months.
Compare this to SMB respondents, who say they have 64% of workloads and 59% of data in the public cloud now, and that they plan to add another 5% of workloads and 8% of data within 12 months.
Its obvious youre in a rush if youve skipped right to this section. As such, weve put together a brief highlights list of the top five cloud computing statistics to note from the list above:
As always, feel free to leave a comment and share your most notable cloud security statistics and cloud computing statistics below
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19 Cloud Computing Statistics That Will Keep You Awake at Night - Hashed Out by The SSL Store
- ISSCC 2024: Inside AMD's Zen 4cThe Area-Optimized Cloud Computing Core - News - All About Circuits - February 26th, 2024 [February 26th, 2024]
- Huawei Cloud: Infrastructure of Choice for AI with 10 Systematic Innovations Unveiled in MWC Barcelona 2024 - Morningstar - February 26th, 2024 [February 26th, 2024]
- Cybersecurity fears drive a return to on-premise infrastructure from cloud computing - Help Net Security - February 26th, 2024 [February 26th, 2024]
- Cybersecurity fears drive a return to on-premise infrastructure from cloud computing - HealthLeaders Media - February 26th, 2024 [February 26th, 2024]
- Huawei Cloud: Infrastructure of Choice for AI with 10 Systematic Innovations Unveiled in MWC Barcelona 2024 - PR Newswire - February 26th, 2024 [February 26th, 2024]
- South Korea Boosts Cloud Computing with $91.5 Million Investment to Propel AI and SaaS Innovation - BNN Breaking - February 26th, 2024 [February 26th, 2024]
- Science ministry to invest 121.9 bln won in cloud computing industry - Yonhap News Agency - February 26th, 2024 [February 26th, 2024]
- Why Microsoft is spending billions on AI and cloud computing in Europe - ITPro - February 26th, 2024 [February 26th, 2024]
- Universities Migrate Research Computing to the Cloud - EdTech Magazine: Focus on K-12 - February 26th, 2024 [February 26th, 2024]
- Top Cloud Computing Skills You Need to Know in 2024 - Simplilearn - February 26th, 2024 [February 26th, 2024]
- Best Cloud Tools of 2024: Unleash Maximum Productivity - Simplilearn - February 26th, 2024 [February 26th, 2024]
- Real-time Analytics News for the Week Ending February 24 - RTInsights - February 26th, 2024 [February 26th, 2024]
- Synadia Raises $25 Million Series B Funding to Meet Massive Demand for Multi-cloud and Edge Computing Driven by AI - PR Newswire - February 26th, 2024 [February 26th, 2024]
- CEO Outlook 2024: 20 Solution Providers On The Cloud Moment - CRN - February 26th, 2024 [February 26th, 2024]
- DigitalOcean beats expectations under the helm of new CEO Paddy Srinivasan - SiliconANGLE News - February 26th, 2024 [February 26th, 2024]
- Securing Kubernetes in a Cloud Native World - The New Stack - February 26th, 2024 [February 26th, 2024]
- How to Build a Chat Interface using Gradio & Vultr Cloud GPU SitePoint - SitePoint - February 26th, 2024 [February 26th, 2024]
- Microsoft to invest $2.1bn in cloud and AI infrastructure in Spain - DatacenterDynamics - February 26th, 2024 [February 26th, 2024]
- Stannah looks to enterprise cloud software to lift IT systems - ComputerWeekly.com - February 26th, 2024 [February 26th, 2024]
- AI vendor finds opportunity amid AI computing problem - TechTarget - February 26th, 2024 [February 26th, 2024]
- Nvidia Worth More Than Alphabet, Amazon - 24/7 Wall St. - February 26th, 2024 [February 26th, 2024]
- VIB spearheads banking innovation with deployment of Temenos Banking Platform on AWS cloud - VnExpress International - February 26th, 2024 [February 26th, 2024]
- Why These 7 Cloud Computing Stocks Should be on Your Radar in 2024 - InvestorPlace - December 25th, 2023 [December 25th, 2023]
- IBM to Buy Software AG's Cloud Computing and AI Assets for $2.3BN - Investopedia - December 25th, 2023 [December 25th, 2023]
- Pass the AWS Certified Cloud Practitioner Certification in One Week - Medium - December 25th, 2023 [December 25th, 2023]
- 3 Cloud Computing Stocks You'll Regret Not Buying Soon: December Edition - InvestorPlace - December 25th, 2023 [December 25th, 2023]
- Cloud Computing Market Predicted to Hit US$1,266.4 Billion by 2028 - TechiExpert.com - December 25th, 2023 [December 25th, 2023]
- AWS chief Adam Selipsky talks generative AI, Amazon's investment in Anthropic and cloud cost-cutting - Omaha World-Herald - December 25th, 2023 [December 25th, 2023]
- Mangata Networks and Microsoft Partner on AI-enabled Edge Cloud Connectivity - AiThority - December 25th, 2023 [December 25th, 2023]
- Democratization of Cloud vs AI: A Case Study - Medium - December 25th, 2023 [December 25th, 2023]
- 5 Drivers Behind the Growth of the GPU Cloud Computing Market - Visual Capitalist - December 25th, 2023 [December 25th, 2023]
- Report: AWS to reorganize sales teams amid slowing cloud revenue growth - SiliconANGLE News - December 25th, 2023 [December 25th, 2023]
- Don't underestimate vulnerabilities in the cloud. Adopt hybrid to stay protected - Best Enterprise Data Storage Software ... - Solutions Review - December 25th, 2023 [December 25th, 2023]
- Innovations, disruptions, transformations expected in 2024 Intelligent CIO Middle East - Intelligent CIO - December 25th, 2023 [December 25th, 2023]
- IBM makes $2B+ deal to add more AI, cloud computing solutions - WRAL TechWire - December 25th, 2023 [December 25th, 2023]
- How to Select the Right Industry Cloud for Your Business - How to Select the Right Industry Cloud for Your Business - InformationWeek - December 25th, 2023 [December 25th, 2023]
- Cloud Computing Market Set to Reach US$1,266.4 Billion by 2028 - Analytics Insight - December 25th, 2023 [December 25th, 2023]
- Cisco to Acquire Isovalent to Secure Cloud-Native Networking - Channel E2E - December 25th, 2023 [December 25th, 2023]
- Cloud-native applications: Unlocking the potential of scalability and agility - ETCIO - December 25th, 2023 [December 25th, 2023]
- Year-in-Review: 2023 Was a Turning Point for Microservices - The New Stack - December 25th, 2023 [December 25th, 2023]
- If AI is the future, radiology needs to look to the cloud - Health Imaging - December 25th, 2023 [December 25th, 2023]
- AI and Cloud: The Proving Ground for Regulatory Resilience in 2024 - Finextra - December 25th, 2023 [December 25th, 2023]
- Cognata Redefines Sensor Suite Selection Processes Through Digital Twin-based Sensor Simulation and Cloud ... - PR Newswire - December 25th, 2023 [December 25th, 2023]
- Microsoft and Amazon the focus of cloud computing probe - Proactive Investors USA - October 5th, 2023 [October 5th, 2023]
- Cloud cover benefits of being on the cloud - The Actuary - October 5th, 2023 [October 5th, 2023]
- AI, Cloud Computing among 36 FREE Online Courses Now ... - Philippine Information Agency - October 5th, 2023 [October 5th, 2023]
- Amazon Web Services isn't trying to win the A.I. race. It wants to own the road. - Slate - July 31st, 2023 [July 31st, 2023]
- The Machines Behind the FinOps Curtain: Operationalizing Your Strategy with AI - ITPro Today - July 31st, 2023 [July 31st, 2023]
- Strengthening security in a multi-SaaS cloud environment - TechCrunch - July 31st, 2023 [July 31st, 2023]
- Oracle Introduces First Cloud Native Secure Cloud Computing ... - PR Newswire - July 31st, 2023 [July 31st, 2023]
- The Power of Cloud Computing: How it's Transforming Database ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- From Headquarters to the Edge: The Future of Cloud in the Defense ... - MeriTalk - July 31st, 2023 [July 31st, 2023]
- 6 Cloud Computing Companies Navigating the Digital Storm in 2023 - GovCon Wire - July 31st, 2023 [July 31st, 2023]
- Government Cloud Computing Market Size, Status and Business ... - University City Review - July 31st, 2023 [July 31st, 2023]
- Cloud Computing in Education Market Forecast, 2023-2029: The ... - University City Review - July 31st, 2023 [July 31st, 2023]
- Global Cloud Computing IaaS In Life Science Market Size and ... - University City Review - July 31st, 2023 [July 31st, 2023]
- What is the Relationship Between IoT and Cloud Computing? - Analytics Insight - July 31st, 2023 [July 31st, 2023]
- How Data Center Interconnect Platforms are Shaping the Future of ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- Revolutionizing IoT: How 5G and Cloud Computing are ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- The Future of Cloud Computing: Database as a Service (DBaaS) in ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- Overcoming Data Privacy Challenges in the European Cloud ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- The Future of Telemedicine in India: How Cloud Computing is ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- Multi-Cloud and Hybrid Cloud: What is the Difference? - Analytics Insight - July 31st, 2023 [July 31st, 2023]
- A New Era of Data Management: The Growing Importance of Global ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- From niche to necessity: GFT's vision for cloud computing ... - Business Leader - July 31st, 2023 [July 31st, 2023]
- ERP, Cloud Computing And Digital Transformation - CIOReview - July 31st, 2023 [July 31st, 2023]
- UMD Smith Offers New January Start Date for MS in Information ... - Newswise - July 31st, 2023 [July 31st, 2023]
- The Impact of Global White-box Server Adoption on Cloud ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- Global Application Transformation: Unlocking the Potential of Cloud ... - Fagen wasanni - July 31st, 2023 [July 31st, 2023]
- BFSI Sector and Asia-Pacific Spearhead the Rapid Growth of Cloud ... - GlobeNewswire - July 31st, 2023 [July 31st, 2023]
- Amazon is investing another $7.8B in Ohio-based cloud computing operations, state leaders say - The Associated Press - June 28th, 2023 [June 28th, 2023]
- Google Cloud Platform: Everything you need to know about Google's suite of cloud computing services - Android Police - June 28th, 2023 [June 28th, 2023]
- Amazon is investing another $7.8B in Ohio-based cloud computing ... - Wilmington News Journal, OH - June 28th, 2023 [June 28th, 2023]
- 11 Key Executives in the Cloud Computing Industry in 2023 - Executive Gov - June 28th, 2023 [June 28th, 2023]
- 10 Multi-Cloud Myths Debunked: Exposing the Facts - TechFunnel - June 28th, 2023 [June 28th, 2023]
- How MTN and Microsoft will transform business operations with ... - TheCable - June 28th, 2023 [June 28th, 2023]
- The Power of Cloud Computing: Revolutionizing Business and IT ... - Tech Critter - June 28th, 2023 [June 28th, 2023]
- FTC Collecting Comments On Cloud Computing, CCIA Offers Input ... - Computer and Communications Industry Association - June 28th, 2023 [June 28th, 2023]
- How AI and Cloud Computing Are Revolutionizing the Insurance ... - Techopedia - June 28th, 2023 [June 28th, 2023]
- HPE Discover final analysis: Navigating the cloud computing ... - SiliconANGLE News - June 28th, 2023 [June 28th, 2023]