New Global Rackspace Technology Survey, in Association with Google Cloud, Underscores Rapid Pace of Cloud Adoption
17 November 2021 - 3:05AM
Rackspace Technology® (NASDAQ: RXT), a leading end-to-end
multicloud technology solutions company, today announced the
results of a new global survey, conducted in association with
Google Cloud, of 1,400+ IT executives, Future of Compute, that
highlights the increasingly rapid pace of cloud adoption. According
to the survey, the question is no longer whether organizations
should migrate to the cloud, but how they can leverage the cloud
for innovation, efficiency, and growth.
More than half (51%) of all survey respondents said that 100% of
their applicable infrastructure now resides in the cloud, while
(49%) said they plan to move more of their workloads into the cloud
as possible. In addition, more than two thirds of respondents’
compute workloads are now supported by public cloud, colocation,
and managed hosting services. At the same time, IT infrastructure
spread has reached an equilibrium and leaders expect it to hold
steady over the next three to five years.
Underscoring the increasingly central role that technology is
playing in transforming operations, more than a third (35%) of
respondents say IT executives play a key role in driving the
direction of the company, as silos between functional areas
continue to dissolve.
“Driven in large part by the power of the cloud, today’s
technology landscape is evolving at a breakneck pace, while IT is
penetrating all areas of the organization,” said Jeff DeVerter,
Chief Technology Evangelist at Rackspace Technology. “In this
environment, IT leaders have the power to help companies and
organizations see around corners to solve both their short-term and
long-term business challenges and provide critical guidance in the
areas of business growth, security, efficiency, and customer
experience.”
Rapid Cloud Growth, Use of Containerized Applications
IncreaseThe cloud market grew 23% to $323.3 billion over
the past year, according to Gartner, who projects a future growth
rate of 18% annually. Accordingly, most respondents say they are
already enjoying the benefits of a public cloud (63%) and/or a
private cloud (66%). In addition, public cloud investments
represent as much as 40% of most IT budgets, with private clouds at
30%.
Containerized applications are also continuing to grow in
popularity as organizations shift away from on-site data centers.
The most common tactic among organizations (85%) employing public
cloud remains “lifting and shifting” using cloud based VMs (virtual
machines), but 84% of respondents say they are investing in public
cloud with containers. 62% of respondents say their use of
containerized applications will increase in the next two years.
Future Cloud DirectionsThe cloud revolution
brought an influx of advancements to the world of compute; however,
the past decade of inundation is settling into a more level pool of
opportunity. Over the next 12 months, respondents anticipate their
infrastructure spending will include on-site data centers (55%),
managed hosting (52%), public cloud (51%), and colocation (34%).
However, 60% of respondents also said they envision not owning a
data center in the next five years.
Security, data privacy and control understandably remain as top
concerns among IT leaders, particularly for public cloud use cases.
While these concerns present valid obstacles to getting more
companies fully reaping the benefits of the cloud, the reality is
that heterogenous multicloud infrastructure is proving to be the
norm. Companies that focus their resources on successfully
addressing security and data privacy concerns while innovating with
cloud can expect to achieve a significant competitive
advantage.
Survey Methodology
Commissioned by Rackspace Technology and Google Cloud, the
survey was conducted by Coleman Parkers Research between July 8 –
30, 2021. The survey is based on the responses of 1,420 IT
decision-makers across manufacturing, digital native/technology,
financial services, retail, government/public sector, and
healthcare sectors in the Americas, Europe, Asia and the Middle
East. The survey questions the leading factors determining IT
infrastructure.
Rackspace TechnologyRackspace Technology is a
leading end-to-end multicloud technology services company. We can
design, build and operate our customers’ cloud environments across
all major technology platforms, irrespective of technology stack or
deployment model. We partner with our customers at every stage of
their cloud journey, enabling them to modernize applications, build
new products and adopt innovative technologies.
Contact:Natalie
Silvapublicrelations@rackspace.com
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