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For chip designers looking to transition to the cloud, it can be overwhelming to weed through the vast amount of available information. This article lists the top cloud computing facts and explains how they affect chip designers and their projects.
Top Cloud Computing Facts
1. By 2025, 100 Zettabytes of Data Will Be Stored in the Cloud
According to Cybersecurity Ventures, the amount of data stored in the cloud will reach 100 zettabytes by 2025. This amount equates to half of the world's data, up from one-quarter in 2015. Globally, data storage is expected to surpass 200 zettabytes by 2025. This statistic includes data stored on IT infrastructures, utilities infrastructures, private and public clouds, mobile devices, and IoT (Internet of Things).
2. 94% of All Enterprises Use Cloud Services
A survey by Flexera found that 94% of enterprises rely on cloud services. Public cloud adoption stands at 91% and private cloud adoption at 72%. More than two-thirds of respondents use at least one public and one private cloud. 92% percent of organizations use a multi-cloud strategy, while 80% use a hybrid cloud strategy.
3. Spending by Public Cloud Users Will Reach $600B in 2023
Based on Gartner's estimates, global end-user spending on public cloud services will reach $494.7 billion in 2022, up from $410.9 billion in 2021. Cloud users will spend nearly $600 billion in 2023. Infrastructure-as-a-service (IaaS) is expected to increase the fastest in 2022 at 30.6%, followed by desktop-as-a-service (DaaS) at 26.6%, and platform-as-a-service (PaaS) at 26.1%.
4. North America Makes Up the Largest Computing Market Share
North America holds 61% of the global cloud market, according to a market report by Business Research Company. This amount is three times larger than Western Europe’s market share, which totals to 21%. The African cloud market is the smallest.
5. Close to Half of Businesses Store Their Data in the Cloud
Almost half of corporate organizations store their data in the cloud, according to Panda Security. This statistic includes encrypted and "regular" data. Meanwhile, more than half of companies (51%) do not use encryption or tokenization to protect their sensitive data.
6. 85% of Organizations Find Cloud Security To Be a Challenge
85% of enterprises surveyed by Statista claimed they found security in the cloud to be a significant challenge. These cloud challenges included spending and governance, as well as a lack of resources and expertise.
7. Two-thirds of Security Experts Find Misconfigured Cloud Infrastructure to be a Big Problem
According to a Checkpoint survey of cybersecurity experts, the most pressing cloud security challenges, include misconfiguration of cloud infrastructure (68%), unauthorized access (58%), insecure application programming interfaces (52%), hijacking of accounts, services, or traffic (50%), and external data sharing (43%).
8. Cloud Cost Optimization is a Top Priority for Organizations
Cloud cost optimization is a top priority for 61% of cloud decision-makers, according to a Flexera survey. A whopping 76% measure cloud progress by cost efficiency and savings.
How Cloud Computing Facts Relate to Chip Design
According to these statistics, organizations are increasingly moving to the cloud and storing their data there. Many chip designers, however, remain concerned about cloud cost optimization and cloud security.
Chip designers can optimize cloud computing costs for chip design and verification projects using cloud consumption management. Chip designers can effectively manage cloud resources and workloads via a strong management plan, optimizing both performance and cost.
A solid cloud security strategy is crucial to keeping chip design data and IP secure in the cloud. Understanding the shared responsibilities model between users and cloud providers is key to cloud security. With this model, your security team has certain responsibilities as you move applications, data, and workloads to the cloud. At the same time, the provider takes care of other cloud security tasks.
As you move to the cloud, Synopsys Cloud can assist you by determining the type of cloud best suits your needs. We can optimize your costs and secure your data and IP. With our unlimited access to EDA software licenses and high-performance cloud computing resources, you can focus on designing chips more effectively and quickly. Synopsys has reinvented chip design on the cloud with cloud-native EDA tools, pre-optimized hardware platforms, and a modern customer experience.
Synopsys, EDA, and the Cloud
Synopsys is the industry’s largest provider of electronic design automation (EDA) technology used in the design and verification of semiconductor devices, or chips. With Synopsys Cloud, we’re taking EDA to new heights, combining the availability of advanced compute and storage infrastructure with unlimited access to EDA software licenses on-demand so you can focus on what you do best – designing chips, faster. Delivering cloud-native EDA tools and pre-optimized hardware platforms, an extremely flexible business model, and a modern customer experience, Synopsys has reimagined the future of chip design on the cloud, without disrupting proven workflows.
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Synopsys technology drives innovations that change how people work and play using high-performance silicon chips. Let Synopsys power your innovation journey with cloud-based EDA tools. Sign up to try Synopsys Cloud for free!
About The Author
Sridhar Panchapakesan is the Senior Director, Cloud Engagements at Synopsys, responsible for enabling customers to successfully adopt cloud solutions for their EDA workflows. He drives cloud-centric initiatives, marketing, and collaboration efforts with foundry partners, cloud vendors and strategic customers at Synopsys. He has 25+ years’ experience in the EDA industry and is especially skilled in managing and driving business-critical engagements at top-tier customers. He has a MBA degree from the Haas School of Business, UC Berkeley and a MSEE from the University of Houston.
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