At first glance, the cloud seems to show no sign of slowing down. According to Statista research, the worldwide public cloud market reached close to USD$415 billion in 2022, and Gartner forecasts it to grow to $591.8 billion in 2023. Not only are more organizations migrating to cloud architectures, but cloud providers are expanding their offerings: In 2022, Amazon Web Services (AWS) released 3,084 new services and functionalities that year—about 300 more than in 2021.
But a closer look at these statistics tells a more complicated story. Despite the continued growth of the public cloud market, the rate of growth slowed for multiple providers in 2022. And even with a rapidly expanding set of functionalities available to them, cloud customers are wary of spending more on cloud services than they already do. Instead, companies are looking for ways to unlock greater cloud value for their spend.
In the final Cloud Cover episode of 2023, Jo Peterson and her guests will explore:
— Shifting from Migration to Innovation
— Tackling the Cost “Double Bubble”
— Tipping the Scales to take advantage of AI