Enterprises are increasingly adopting hybrid and multi-cloud environments, according to a new industry data, but few are taking advantage of benefits due to the growing complexity of cloud products.
That’s according to new report from 451 Research that concludes the cloud is now “mainstream.” The research firm drew the conclusions after analyzing data from a survey of 600 IT decision makers and combining it with feedback from 60,000 information technology buyers.
The report found that 90 percent of the organizations surveyed are now using some type of cloud service and that 60 percent of all workloads would be running in the cloud by 2019, up from 45 percent currently.
There’s also a huge appetite among enterprises for multiple cloud services. Analysts at 451 Research found that 69 percent of respondents plan to employ a multi-cloud strategy by 2019.
The research firm noted that a multi-cloud approach offers lower costs and more resiliency. But enterprises are struggling to take advantage of the benefits because of the growing complexity of services offered by cloud providers. In particular, the report highlighted Amazon Web Services portfolio, saying it has more than 320,000 SKUs, or product codes, with 53,000 of these added during the first two weeks of this month alone.
Those complexities are likely to increase over time, said Owen Rogers, research director for 451 Research.
“Cloud buyers have access to more capabilities than ever before, but the result is greater complexity. It is a nightmare for enterprises to calculate the cost of computing using a single cloud provider, let alone comparing providers or planning a multi-cloud strategy,” Rogers said. “The cloud was supposed to be a simple utility like electricity, but new innovations and new pricing models, such as AWS Reserved Instances, mean the IT landscape is more complex than ever.”
The uptick in workloads shifting to the cloud means the overall is also set to rise. 451 Research estimates the overall cloud market will be worth more than $53 billion by 2021. The cloud market is now projected to hit $28.1 billion this year, up 27 percent compared to 2016.