Cloud computing industry is not a new one. In fact, it is reaching its saturated stage. New cloud computing startups emerge every day, and fundraising and M&A activity is a commonplace.
According to Gartner, leading IT research and advisory firm, the lifecycle of a technology follows these six development stages: Trigger for a technology, Hype stage, Peak of inflated expectations, Disillusionment stage, Slope of enlightenment, and Plateau of productivity. The overall cloud computing industry has already entered its slope of enlightenment, reaching its plateau of productivity. Yet, various aspects of the cloud computing industry are at different stages depending on its development.
Cloud computing adoption rate has reached a new level on all aspects. In the 2016 RightScale State of the Cloud Survey, 95% of respondents are using cloud products, up from 93% in 2015. Adoption of public cloud products has increased from 88% to 89%, and adoption for private cloud has dramatically increased from 63% to 77%. Hybrid cloud adoption has seen the highest jump, from 58% to 71% in just one year (State of the Cloud Survey focused on the use of IaaS).
According a BDO marketing survey, 74% of tech CFOs chose Cloud computing as having the most measurable impact on their businesses in 2017. It is now generally agreed that in order to maintain leading position in an industry, to break the entry barrier of an industry, to reduce cost and increase operational efficiency, or to expand existing markets, companies need to adopt cloud and constantly integrate its businesses with cloud computing strategies. Cloud computing has never become so essential.