The Top Cloud Computing Facts for 2016

2/5/16 5:26 PM iCorps Technologies Cloud Computing

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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.

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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.

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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 

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