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Cloud Service Providers Accelerate Public Cloud Maturity Across Vertical Industries

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The State of Cloud Adoption 2022 –  A survey-based research study by IDG Research and Tavant
Tavant, in collaboration with IDG Research, conducted a comprehensive research study among 255 large enterprises’ CIOs, CTOs, and Senior VPs to identify cloud adoption trends. The study’s goal was to understand the cloud computing landscape in the United States across a wide range of industries. Automotive, discrete manufacturing, e-commerce, financial services, food and beverage, healthcare, process manufacturing, retail and wholesale, and travel were among the industries represented.

Hurdles to Cloud Deployment Being Leap-Frogged

Tavant and IDG Research found that businesses are increasingly embracing cloud tools, industry frameworks, and infrastructure automation tools to improve time to market and ROI. Security, legacy migration, cloud governance, and infrastructure maintenance are all common concerns that are now being addressed through improved practices such as outcome-based shared services models and industry-specific cloud-based solutions. Development, security, and operations processes (DevSecOps), which work with cloud tools, are becoming increasingly important in the development and management of cloud applications.

The top cloud adoption barriers are security (52%), legacy IT infrastructure (29%), insufficient budget (28%), regulatory concerns (27%), and uncertainty about cloud benefits (27%). (23 percent ).

Business agility is a key motivator for 93 percent of US organizations polled to adopt the public cloud. The secondary reasons are increasing revenue through innovation (81%) and lowering costs (8%). (77 percent ).

Currently, 43 percent of respondents have a hybrid cloud or multi-cloud strategy in place.

Nearly 40% of organizations use DevSecOps extensively across their entire technology footprint, while 37% use DevSecOps for specific programs.

Industry Focus Makes Cloud Adoption Favorable

Today’s cloud service providers continue to bring significant innovation to the banking, manufacturing, and hospitality industries, with cloud frameworks, tools, and best practices developed for specific industries.
53% of BFSI companies have a hybrid or multiple cloud strategy in place, and 58% plan to use CSPs extensively, mainly for new workloads

Manufacturers are ahead of other industries in cloud adoption, with 75% having strategies in place.
78% of retail and wholesale firms and 59% of advertising, media, and entertainment businesses are actively developing their cloud strategy

Cloud Innovation Becomes Industry Oriented

Innovative cloud services, including, AI and analytics, are favored by hospitality, food and beverage, and travel
Industries such as publishing, PR, advertising, media, entertainment, and broadcasting are banking on Cloud Data Services for expanding their end-user base and enhancing customer experience.
The Agtech industry is actively looking at adopting IT service management for better business outcomes and a sustainable future.

The Future is on the Cloud

The advancement of business maturity in cloud implementation has resulted in a better understanding of the benefits, which include increased business agility, revenue through innovation, lower costs, and improved TCO.
Click here to get your copy of the Research Report.

Learn more about Tavant Evolvx, a high-touch offering that seamlessly intertwines standard data models, crosscloud connectors, workflows, APIs, and industry-specific components to meet your unique challenges.

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