The Top Cloud Computing Facts for 2016

There's no doubt that the cloud has gone from being considered the "cool kid in class" with questionable substance to a fully recognized, credible technology solution for businesses. Here are some stats and facts to show it. 

The Top Cloud Computing Benefits of 2016:

Savings and Productivity Benefits of the Cloud:

• Cloud Computing is up to 40 times more cost effective for an SMB, compared to running its own IT system.¹

• 70% of businesses report that they've been able to reinvest funds back into their business as a result of moving to the cloud.²

• 59% of SMBs using cloud services report significant productivity benefits.³

• The US Federal Government saved $5.5 Billion per year by shifting to Cloud Services.⁴

The Cloud and Security/Privacy:

• In 2016, 77% of companies plan to increase cloud security expenditures for mobile and cloud-based services.5

• 94% of SMBs have experienced security benefits in the cloud that they didn’t have with their on-premises service

• 62% of respondents of a Microsoft survey said their levels of privacy protection increased as a result of moving to the cloud.

The Cloud Benefits for SMBs:

• Recovery times for SMB are four times faster for businesses using cloud computing when compared to those not utilizing cloud services.⁶

• For SMB, energy use and carbon emissions could be cut by 90% by using cloud computing, saving the environment and energy costs⁷

• 70% of SMBs reinvested cloud savings in areas that benefit and grow their businesses such as product development and innovation and marketing.

Cloud Market Predictions and Stats:

• 90% of Microsoft’s Research & Development  budget will be used to improve cloud technology and security services in 2016.⁸

• By 2018, at least 30% of service-centric companies will move the majority of their ERP applications to the cloud.

• Experts predict that 40 zettabytes, or 40,000,000,000,000,000,000,000 bytes of data will be held in the cloud by 2020.

• It's predicted that 78% of U.S. small businesses will have fully adopted cloud computing by 2020.⁹ 

If you want to learn about the 2017 cloud computing facts, you can find them in this video. Contact us to get a free IT consultation.