The state of cloud computing in 2020. ©Copyright 2005-2020 BMC Software, Inc. For example, when we look at the unified communications and video conferencing category the three major players are Zoom (64% market share), Skype (24% market share), and Webex (10% market share). By 2015, the market cap increased by 8x with the addition of LinkedIn, ServiceNow, along with Salesforce and Netsuite, as the top five public cloud companies. Shopify is a textbook example of how powerful the Second Act can be. In 2013, they reached $50 million ARR when they launched Payments. By 2020 it’s estimated that the average cost of a data breach will be over $150 million, with the global annual cost forecast to be $2.1 trillion. For the details behind these headlines, and to see how your country stacks up, read The State of Cloud Security 2020 report. Three primary business models provide users with access to cloud services: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). We think that we are in the beginning stages of automation and there’s a new breed of more sophisticated automation platforms to come. For all of 2019, Google Cloud revenue was up 52% to $8.9 billion. If you can build a product that grows revenue, reduces expenses, or replaces existing spend with better functionality, you will find success with your next act. The 2019 State of the Cloud Survey identified several key findings: The respondents ranged from engineers and managers to directors and C-levels. 2020 State of Enterprise Cloud Adoption and Security April 9, 2020 We surveyed nearly 2,000 IT professionals throughout the 2019 calendar year to better understand how enterprises are adopting public cloud, multi-cloud, containers, and other services, as well as the challenges they experience in maintaining security and compliance. The State of the Public Cloud in the Enterprise: Contino Research Report 2020. and prepared the resulting analysis for the RightScale 2019 State of the Cloud report from Flexera. According to the Flexera 2020 State of the Cloud Report, which surveyed 750 IT professionals, “93 percent of enterprises have a multi-cloud strategy” while “87 percent have a hybrid cloud strategy.” Flexera’s report also shows that cloud adoption is continuing to accelerate with “20 percent of enterprises spend[ing] more than $12 million per year on public clouds.” Furthermore, “59 percent of enterprises expect cloud usage to exceed prior plans due to COVID-19.”, The accelerating adoption of cloud technology has a lot of organizations going over their cloud spend budget by an average of 23 percent with expected increases of cloud spend by 47 percent next year. “nail it before you scale it,” as Ann Miura-Ko coined. The 2020 State of Cloud (In)Security | … Secure all your cloud resources. “We’re seeing a new generation of founders who are using new technologies and business models to digitize B2B spend; most of these founders come from large, antiquated industries where they discovered offline purchasing workflows firsthand.”. “Increasingly, the knowledge economy is built on a decentralized workforce. Connect with a Palo Alto Networks specialist to uplevel your cloud security preparedness today. We believe that next-generation B2B Marketplaces will be transformed by the cloud and help other businesses become much more efficient. SHARE: Every company claims to have a cloud/hybrid DevOps platform that enables and powers developers working remotely. However, the threats to public cloud security are growing at the same rate. Indeed, massive B2B markets like wholesale and logistics remain opaque and intermediary-driven, with orders and payments flowing via email, SMS, fax, and paper check. 3. Today, organizations around the world have harnessed cloud computing technology to provide a massive and diverse array of service offerings. In 2008 the total market cap of Salesforce, Netsuite, Concur, Blackbaud, and Dealertrack totaled $13.89 billion. Subscribe to Cloud Giants today: For more insights on building cloud businesses, subscribe to Atlas to get the latest insights and benchmarks on the cloud from Bessemer. How could a business with significant development and sales costs upfront, and payment terms on the backend, ever work? Growing at an average of 35% Compound Annual Growth Rate (CAGR), the public cloud markets hit that $500 billion milestone two years earlier than we expected in March 2018. the state of cloud security 2020 70% of organizations hosting data or workloads in the public cloud experienced a security incident in the last year with multi-cloud organizations reporting up to twice as many incidents’ vs single platform adopters. The respondents ranged from engineers and managers to directors and C-levels. Many companies have cloud strategies in place, but they are amidst their digital transformations. The State of Cloud Native Security 2020 reveals the biggest cloud security issues, visibility gaps and challenges that keep security professionals up at night. There’s still opportunity ahead for us all. In January 2019, Flexera surveyed 786 technical professionals across a broad . Despite the optimistic outlook, emerging public cloud security challenges in 2020 have now reached an alarming stage. Get the report for … Since the early 2000s, the industry has seen exponential growth, both in private and public spheres. The massive array of offerings leveraging the power of the cloud continues to grow as more businesses experiment with the new technology, finding ways to maximize its potential. Promising cloud companies have been founded across countries and continents such as Adyen and Elastic in The Netherlands, Productboard in the Czech Republic, UiPath in Romania, DarkTrace in the United Kingdom, Pipedrive in Estonia, Intercom in Ireland, Collibra in Belgium, Choco, Mambu, and Celonis in Germany, Canva in Australia, and Sisense, Monday.com, Lightricks, and Wix in Israel. By Fergus O'Sullivan (Editor-at-Large) — Last Updated: 07 Feb'20 2020-02-07T15:23:09+00:00. See an error or have a suggestion? The ninth annual Flexera 2020 State of the Cloud Report highlights the latest cloud computing trends, with a focus on infrastructure-as-a-service and platform-as-a-service. Secure all your cloud resources. (After all, at State of the Cloud 2019 we hovered around $690 billion.) Software solutions like Glint, HiBob, and Culture Amp also help companies successfully gauge culture, measure benchmarks, and help inclusion numbers over time. This concept represents your next product extension or new offering that can both be sold into your existing customer base and expand the number of new customers you can reach. The first rule of running a sales organization is to ramp only what works. We asked 250 IT decision-makers at enterprise companies with over 5,000 employees from across Europe, USA and APAC about the state of the public cloud in their organisation. Panel Discussion. A company’s ability to grow revenue and expand its total addressable market is connected to what we call the “Second Act”. While there are multiple pathways to scale, cloud category leaders are scaling more rapidly than ever before because they’re not facing the same headwinds as their predecessors. For example, over the past few years, we’ve seen companies like Plaid skyrocket into success, changing banking and online transactions. (We were delighted to be wrong.) One of the most well-known is Robotic Process Automation, by which software “bots” are programmed to complete low intelligence tasks. As of mid 2020, “81% of organizations have at least one application or a portion of their computing infrastructure in the cloud, which is up from 73% in 2018.” This data comes from IDG’s 2020 Cloud Computing Study, which collected the 551 tech buyers’ responses to an online questionnaire of 29 queries. In February 2011, at a time when cloud adoption was still nascent in government, the Obama administration adopted Cloud First, a policy to accelerate adoption of cloud computing technologies. What’s Your Level of Cloud Security Preparedness? As co-founder and CEO of Twilio, Jeff Lawson said, “No matter where you’re at as a company, focusing on your customers is the right path.”. In traditional outbound sales, we recommend that you only hire more salespeople once you have two or three account executives hitting their quota without much support. As for HashiCorp, it initially commercialized primarily on Vault, but with customer penetration they were able to upsell Terraform and Consul, expanding its addressable market. Clearly, cloud computing is making its way to cloud nine, (See what I did there?) 2020 has been a rollercoaster of a year and while there’s no way to predict the future, one thing is for certain — the cloud industry has helped save businesses, our health, and our sanity. By Byron Deeter, Elliott Robinson, Hansae Catlett, Mary D’Onofrio. It’s clear that the cloud has become a technology that organizations can’t afford to ignore; however, it’s also becoming a technology organizations are struggling to capitalize on in terms of ROI. Cloud is powering the future of software. In 2015 with our very first State of the Cloud, we predicted that the public cloud industry would reach $500 billion by 2020. (One day, we expect to be celebrating decacorns in our annual Cloud 100 List!). The state of cloud: a 2019 recap and 2020 predictions! Join us for an inside look. Talk to your customers, understand their problems, and understand where you can use software to drive value. Bessemer’s Data Privacy team Alex Ferrara, Jules Schwerin, and Mary D’Onofrio would love to hear from companies who are building software against this opportunity (alex@bvp.com, jschwerin@bvp.com, mdonofrio@bvp.com). Dispelling Common Cloud Myths with Microsoft’s Steve Bohlen. New laws such as GDPR and CCPA are creating the demand for enterprises to tighten their data privacy practices. The cloud had become mainstream during the last couple of years, but the year of 2020 has pushed companies to adapt to remote working, which immediately led to a rapid adoption of cloud services. In the rapidly evolving cloud market, identifying emerging trends can help drive digital business decision making, vendor and technology selection and investment strategies. Enterprise SaaS vendor market share was led by Microsoft, Salesforce, Adobe, SAP, Oracle. Panel Discussion. Follow all the news in one place, sports, movies, games, applications, technical news and much more June 9, 2020 Tech News Leave a comment 2 Views. Virtual Machines (VMs) vs Containers: What’s The Difference? “Like technical debt, privacy debt requires reworking internal systems to adapt and build to the newest standards, which will not only make consumers happier but also make companies better.”. Companies are in progress on a technological transformational journey. This report is a follow on to the first State of Cloud Native Development Report for Q2 2019 which we announced in May. Knowledge Sharing is its own category now, too, with Notion, Guru, Slab, Miro, and Loom. Many founders can probably remember the initiation phase or what it was like to be the sole sales rep. A new addition from previous State of the Cloud reports, we’ve curated resources for cloud founders. IaaS business use cases include: PaaS offerings allow organizations to build additional services or applications on top of existing cloud platforms. Approaches to this are taking multiple forms. The reports are based on data from SlashData’s biannual Developer Economics survey of 17,000+ software developers with questions about the development of backend services and the technologies they use. Please let us know by emailing blogs@bmc.com. According to the Flexera 2020 State of the Cloud Report, which surveyed 750 IT professionals, “93 percent of enterprises have a multi-cloud strategy” while “87 percent have a … If you’re a company building solutions for the future of B2B Marketplaces you can email Kent Bennett (kent@bvp.com), Connor Watumull (cwatumull@bvp.com), and Mike Droesch (mdroesch@bvp.com). To find your next act, take a customer-led approach to product development. Though the cloud is feeling the impact of the recession, and we expect much more volatility ahead, public markets reflect the cloud’s relative resiliency. However, once a technology shows its promise, leading organizations across the world are quick to lead the charge with the hopes of being the first to capitalize on these new possibilities. However, among all these statistics about the public cloud markets, this one remains the most impressive: Across all enterprises, 94% already use a cloud service. A subset of 187 survey respondents indicated how they expect COVID-19 … To learn more about how to build cloud-first companies from their humble beginnings to billion-dollar exits, subscribe and listen to Bessemer’s latest podcast Cloud Giants, hosted by Byron Deeter where he shares never before heard stories with some of the best leaders in technology. Culture and values not only inform what a company goes out to build but also the talent they hire. 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