ANALYSIS Biggest Obstacle to Business Success: Multicloud ManagementANALYSIS Biggest Obstacle to Business Success: Multicloud Management https://c-suitenetwork.com/wp-content/uploads/2017/09/analysis-biggest-obstacle-to-business-success-multicloud-management.jpg 620 360 C-Suite Network https://c-suitenetwork.com/wp-content/uploads/2017/09/analysis-biggest-obstacle-to-business-success-multicloud-management.jpg
The rise of Microsoft Azure as a major competitor to Amazon Web Services has become a mixed blessing for IT managers. While many were pleased to see Microsoft finally become a cloud-first company and build Azure into a viable alternative to AWS, they now are faced with a new set of challenges in trying to make the most of multiple cloud providers.
Every indication is that the adoption of cloud services will continue to accelerate as more and more organizations discover the economic value of moving to on-demand solutions.
Cloud Services Boom
Enterprise cloud spending will grow at a 16 percent compound annual growth (CAGR) run rate through 2026, Wikibon has forecast.
AWS dominates the market, with US$4.1 billion in sales in its most recent fiscal quarter, a nearly 42 percent rise from the same period a year earlier.
Organizations increasingly have been seeking to leverage a variety of cloud services to address an assortment of IT and business needs.
There will be a rapid increase in private cloud adoption, with nearly 82 percent of enterprises planning to have a hybrid cloud strategy by 2017, according to Infoholic Research.
The hybrid cloud market will grow at a CAGR of 34.3 percent during the 2016-2022 period and equal $241.13 billion by 2022, the firm predicted.
The rise of Microsoft Azure, along with the resurgence of Google’s cloud services, has given many organizations an opportunity to spread their public cloud service acquisitions beyond AWS.
At the same time, Oracle has been pushing its cloud capabilities aggressively, and IBM has claimed that its cloud revenue in the most recent quarter reached $3.9 billion, which would put it on pace to generate $15.6 billion over the next 12 months.
As a result of the proliferation of cloud service alternatives, a growing number of organizations have adopted a multicloud procurement strategy. In fact, 85…