The panel was composed of vetted respondents with detailed profiles. These four factors will impact cloud adoption in 2020 and the steps that CIOs can take to thrive in a cloud-first world. Pre 1990 1990-2005 2005-2010 2010-2015 2015-2020 2020+ Physical On-premise. Oracle | Integrated Cloud Applications and Platform Services 69% Hybrid. Subscribe to access expert insight on business technology - in an ad-free environment. The independent panel comprises vetted respondents with detailed profiles and is rigorously maintained. In 2015 with our very first State of the Cloud, we predicted that the public cloud industry would reach $500 billion by 2020. Physical On-premise. Read user reviews of Cisco CloudCenter (formerly CliQr), Morpheus, and more. The report results are made available under an Open Source Creative Commons License so the data may be freely shared with the required attribution. Stock quotes by finanzen.net. In the rapidly evolving cloud market, identifying emerging trends can help drive digital business decision making, vendor and technology selection and investment strategies. Mainstream. Cloud users - both enterprises … FOR MORE INFORMATION, CONTACT: Ashleigh Giliberto 847-466-4302 agiliberto@flexera.com, Registration on or use of this site constitutes acceptance of our, https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2020, Modest market returns in 2021 risk disappointing today's overexcited investors, Bank of America says », Affirm joins Roblox in delaying its planned 2020 IPO after monster gains from Airbnb, Doordash », 93% of enterprises have a multi-cloud strategy; 87% have a hybrid cloud strategy, Respondents use an average of 2.2 public clouds and 2.2 private clouds, Twenty percent of enterprises spend more than $12 million per year on public cloud, More than 50 percent of enterprise workloads and data are expected to be in a public cloud within 12 months, 59% of enterprises expect cloud usage to exceed prior plans due to COVID-19, The top challenge in cloud migration is understanding application dependencies, Organizations are over budget for cloud spend by an average of 23 percent, and expect cloud spend to increase by 47 percent next year, Respondents estimate that 30 percent of cloud spend is wasted, 73% of organizations plan to optimize existing use of cloud (cost savings), making it the top initiative for the fourth year in a row, 61% percent of organizations plan to focus on cloud migration, 77% of organizations use cost efficiency and savings to measure cloud progress, 73% of enterprises have a central cloud team or cloud center of excellence, 57% of cloud teams are responsible for governing infrastructure-as-a-service (IaaS)/platform-as-a-service (PaaS) usage costs, 83% of enterprises indicate that security is a challenge, followed by 82 percent for managing cloud spend and 79 percent for governance, For cloud beginners, lack of resources/expertise is the top challenge; for advanced cloud users, managing cloud spend is the top challenge, 56% of organizations report that understanding cost implications of software licenses is a challenge for software in the cloud. Cloud migration ranks among the top three IT initiatives for organizations of all kinds, but too much technology spend is going to waste, according to new research from software firm Flexera.. Survey respondents estimated that 12% of their overall IT money (not just cloud) ends up down the drain, Flexera found in its first-ever 2020 State of Tech Spend Report. The enabling technology to take products to market fast, unlock the value of your IP and accelerate revenue growth – from the edge to the cloud. Use the information in the report to help plan the next steps in your cloud journey. Visit the product pages for links to documentation, product updates and training: community.flexera.com: Hours of Operation Local business hours: 24 x 5 via special phone number The Flexera 2020 State of Tech Spend Survey leveraged a large panel network that included 303 global professionals across industries. The platform gives organizations centralized visibility into their cloud services use providing the ability to track, manage and optimize cloud … They will need to focus on optimizing workloads as they migrate in addition to cost management and governance to ensure operational efficiency.”. A few key highlights from the RightScale 2019 State of the Cloud Report from Flexera: • The #1 priority in 2019 is cloud cost optimization: Optimizing existing cloud use for cost savings is the top initiative in 2019 for the third year in a row, increasing to 64 percent from 58 percent in 2018. The use of public clouds continues to grow dramatically in all organizations. 9.26.18. ITASCA, Ill., April 28, 2020 (GLOBE NEWSWIRE) -- Flexera, the company that helps organizations maximize business value from their technology investments, today releases the findings of the Flexera 2020 State of the Cloud Report. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). We'll give your organization a growth path and roadmap for success. The most common multi-cloud approach among enterprises is a mix of multiple public and multiple private clouds. In January 2019, Flexera surveyed 786 technical professionals across a broad The survey results are available in the Flexera 2020 State of the Cloud Report, which can be downloaded at https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2020 The report explores the thinking of 750 global cloud decision-makers and users regarding public, private and multi-cloud options and shares their current and future cloud adoption. AdminStudio App Broker Cloud Management Platform Columbus Data Platform FlexNet Manager Foundation/CloudScape Optima IT Visibility SaaS Manager Software Vulnerability Manager Spider Community Hub Getting Started Products A to Z Group Hubs The Flexera 2020 State of the Cloud Report (previously called the RightScale State of The Cloud Report – European Edition) delves into details from the survey on cloud computing to understand what’s happening with all things cloud—from spend allocation to cost management to cloud strategies. “With employees working from home and more business interactions going digital,” Ryan continued, “more than half of enterprise respondents said their cloud usage will be higher than originally planned at the beginning of the year due to the pandemic. In the rapidly evolving cloud market, identifying emerging trends can help drive digital business decision making, vendor and technology selection and investment strategies. The Flexera 2020 State of the Cloud Report (previously called the Rightscale State of The Cloud Report) delves into details from the survey on cloud computing services to understand what’s happening with all things cloud—from spend allocation, to adoption statistics, usage, trends, and strategies. Financial terms of the acquisition were not disclosed. The survey was conducted in the first quarter of 2020. The Flexera 2020 State of the Cloud Report reveals that multi-cloud continues to be the dominant strategy, with nearly all surveyed enterprises adopting it. Software Vulnerability Manager (Cloud Edition) (September 2020) 5 Enforced Special Characters for the Password With this update, passwords will require at least one special character. A few key highlights from the Flexera 2020 State of the Cloud Report: Organizations embrace multi-cloud 93% of enterprises have a multi-cloud strategy; 87% have a hybrid cloud strategy For more than 30 years, our 1300+ team members worldwide have been passionate about helping our more than 50,000 customers optimize IT to achieve their business outcomes. A few key highlights from the Flexera 2020 State of the Cloud Report: The report leveraged a panel of 750 technical professionals from around the globe and across a broad cross-section of industries, providing insight into their adoption of cloud infrastructure. The RightScale 2019 State of the Cloud Report from Flexera highlights how enterprises are spending more on cloud computing, but are getting concerned about optimizing their spending. ION Cloud Offering uses Flexera CMP to achieve rapid growth in 2019 — Director of Engineering, Cloud in the undefined Industry The Flexera Cloud Management Platform (formerly RightScale) has been an integral part of our public cloud design and automation strategy for the past three years. Learn about the best Flexera Cloud Management (RightScale) alternatives for your Cloud Management software needs. Only 21 percent of the respondents are users of … Milestone 1: The public cloud hit $1 trillion in 2020. In its ninth iteration, the Flexera 2020 State of the Cloud Report (formerly the RightScale State of the Cloud Report) delves into the details of enterprise cloud use, including multi-cloud strategies, spending trends and top cloud initiatives. Virtualization. To learn more, visit flexera.com. This gives Flexera the top technology asset management offering across software, hardware, SaaS and cloud services. “That journey is even more important for businesses today as we face the unprecedented operational impacts of the COVID-19 pandemic. Flexera's 2020 State of the Cloud report highlights how multicloud is becoming a default strategy for many enterprises and the big three providers are grabbing more of your cloud budget. The Gartner Magic Quadrant for Cloud Management Platforms (CMPs) named Flexera as a leader for the second year in a row. 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