Essential Cloud Computing Facts for Novice Chip Designers

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.