Many organizations are hard at work creating applications from the ground up with the cloud in mind while others are migrating their applications to the cloud. However, once a technology shows its promise, leading organizations across the world are quick to lead the charge with the hopes of being the first to capitalize on these new possibilities. 2019 was no exception, and 2020 promises to bring even more changes and complexity. According to the Flexera 2020 State of the Cloud Report, which surveyed 750 IT professionals, “93 percent of enterprises have a multi-cloud strategy” while “87 percent have a … We believe there are massive API companies worth billions of dollars in every industry that will further drive digital transformation. The opportunities are expansive in this category with global HR & Payroll companies such as Papaya Global, Pilot, Velocity Global, Immedis, Deel, and Globalization Partners and management software, including Fellow, OfficeVibe, and Jell. Digitally-savvy entrepreneurs have given more attention to B2C commerce than to B2B commerce. The cloud had become mainstream during the last couple of years, but the year of 2020 has pushed companies to adapt to remote working, which immediately led to a rapid adoption of cloud services. We’ve been privileged to work with many of the best leaders and companies throughout the last two decades, which has helped us author Bessemer’s 10 laws of cloud, the core fundamentals to building a strong enduring business. A State Of Trance Classics 2020 - Various Artists , tylko w empik.com: . Businesses are already retrofitting team architectures to match this future state,” wrote Partner Talia Goldberg in her Remote Work Roadmap. By Fergus O'Sullivan (Editor-at-Large) — Last Updated: 07 Feb'20 2020-02-07T15:23:09+00:00. We believe the future of technology is forged in the cloud, and after two decades of growth it’s just the beginning. In this episode of the podcast, David Linthicum and Mike Kavis tag team to review a hectic 2019 and put events into perspective. For all of 2019, Google Cloud revenue was up 52% to $8.9 billion. Secure all your cloud resources. The State of DevOps Report 2020 released by Puppet reveals that internal platforms for self-service and effective change management practices were key for organizations to move up the DevOps evolution Bessemer's 5th Annual State of the Cloud Report returns for a definitive look at the cloud industry today. The world of cybersecurity isn’t fair. State of DevOps Cloud Solutions 2020. Another issue facing cloud adopters is the development and implementation of cloud-based applications. Geoffrey Moore called this concept Gorilla Economics. The first State of the Cloud of 2020 is here, and in this edition we'll mainly looking back at the VPN wars of 2019, as well as the latest and greatest in cloud gaming. What this means is that legacy and tech giants continue to grow their cloud businesses as they become profit centers for large tech enterprises. At current growth rates, cloud could penetrate nearly all enterprise software in a few years. Even leaders like Larry Ellison and Steve Ballmer were early skeptics. “Be cautious with investments as you test and iterate. Geoffrey Moore called this concept Gorilla Economics. From web hosting to collaborative developer docs to shipping logistics, there are tens of thousands of APIs on the web, creating a multi-trillion dollar API market economy. We only highlighted three of our laws, but we believe they are key pillars to becoming a market leader. 2020 has been a rollercoaster of a year and while there’s no way to predict the future, one thing is for certain — the cloud industry has helped save businesses, our health, and our sanity. As one of the first institutional investors in cloud computing, we always believed in the cloud and its potential but we have been surprised on how quickly it has surpassed our wildest expectations. “nail it before you scale it,” as Ann Miura-Ko coined. Echoing the sentiment of IDG’s study regarding cloud spend being a major concern, “Respondents estimate organizations waste 30 percent of cloud spend.”. The year 2020 has demonstrated that escalating threats and challenges of public cloud menaces, cybercrime, and targeted attacks are only getting worse. Companies like Unqork and Instabase are taking another approach, building low/no code application development platforms for the citizen/developer that encourage self-service. What’s Your Level of Cloud Security Preparedness? Companies are in progress on a technological transformational journey. Months of analyzing over 2600 responses to our State of Application Services survey have culminated in a fascinating look at the impact of digital transformation on organizations around the globe. cross-section of organizations about their adoption of cloud computing. Don’t miss an episode! In this panel, thought leaders from Palo Alto Networks, Accenture and The New Stack will unpack some initial findings from The State of Cloud Native Security Report (2020).. At the beginning of 2020, the Contino team set out to answer these questions. Especially in these times we need to know which online entity is … These are among the findings of Fugue’s new State of Cloud Security 2020 … A subset of 187 survey respondents indicated how they expect COVID-19 … However, B2B markets are many times bigger than B2C markets (annual global B2B spend is more than $100 trillion), and they’re much more offline. For example, last year Bessemer invested in BigID’s Series C, a data intelligence platform that finds, analyzes, and de-risks identity data, allowing enterprises to understand where their sensitive data lives, at scale. • Enterprises with a hybrid strategy (combining public and private clouds) Nearly 90% of R&D departments rate Cloud BI as critical … The state of cloud: a 2019 recap and 2020 predictions! For example, Pledge 1% is a global movement where company CEOs are committing 1% of their equity, time, and product to give back to their community. Enterprise SaaS vendor market share was led by Microsoft, Salesforce, Adobe, SAP, Oracle. 2020 has been a rollercoaster of a year and while there’s no way to predict the future, one thing is for certain — the cloud industry has helped save businesses, our health, and our sanity. In 2013, they reached $50 million ARR when they launched Payments. Cloud adoption stats for 2020 report that software as a service (SaaS) takes up 48% of the cloud computing budget, while infrastructure as a service (IaaS) accounts for 30%. The automation of workflows, business processes, and even application development itself allows companies to reduce error rates and increase productivity. State of the OpenCloud 2020 from Battery_Ventures The report, delivered during our (now virtual) OpenCloud industry conference, offers an additional layer of strategic and tactical advice for entrepreneurs building cloud-first companies in areas including product; go … As with most new technologies, the cloud wasn’t adopted and implemented overnight. Virtual Machines (VMs) vs Containers: What’s The Difference? In 18 months after launching Payments, Shopify 3x their ARR, hitting $150 million, and by 2015, the company went public. Growing at an average of 35% Compound Annual Growth Rate (CAGR), the public cloud markets hit that $500 billion milestone two years earlier than we expected in March 2018. The ninth annual Flexera 2020 State of the Cloud Report highlights the latest cloud computing trends, with a focus on infrastructure-as-a-service and platform-as-a-service. This idea was introduced to the public at large when Microsoft and Apple started putting out advertisements which mostly demonstrated using the cloud as a sort of backup hard drive for storing user information in case of local files being damaged or lost to the user. With the existential threat of COVID-19 on the rise, we’ve seen a surging demand for remote and virtual conference platforms such as Zoom while companies adopt remote work practices. Many companies have cloud strategies in place, but they are amidst their digital transformations. We believe that next-generation B2B Marketplaces will be transformed by the cloud and help other businesses become much more efficient. Panel Discussion. • 84 percent of enterprises have a multi-cloud strategy. From e-commerce shipping logistics (Shippo) and web hosting (Netlify) to payments (Stripe) and communications-as-a-service (Twilio) and even KYC and bank fraud prevention (Alloy) to collaborative dev documents (Coda), we expect to see nearly every industry be reinvented by an API. Dispelling Common Cloud Myths with Microsoft’s Steve Bohlen. However you’re using the public cloud, Sophos can help you keep it secure. ©Copyright 2005-2020 BMC Software, Inc. Companies including UiPath and Automation Anywhere are leaders in this space. Nearly 90% of R&D departments rate Cloud BI as critical … The core concept of the cloud (also called cloud computing or cloud storage) is that data such as photos, music, and documents is stored on a computer device that is separate from the one from which you access that data. The massive array of offerings leveraging the power of the cloud continues to grow as more businesses experiment with the new technology, finding ways to maximize its potential. Flexera. … According to the Flexera 2020 State of the Cloud Report, which surveyed 750 IT professionals, “93 percent of enterprises have a multi-cloud strategy” while “87 percent have a hybrid cloud strategy.” Flexera’s report also shows that cloud adoption is continuing to accelerate with “20 percent of enterprises spend[ing] more than $12 million per year on public clouds.” Furthermore, “59 percent of enterprises expect cloud usage to exceed prior plans due to COVID-19.”, The accelerating adoption of cloud technology has a lot of organizations going over their cloud spend budget by an average of 23 percent with expected increases of cloud spend by 47 percent next year. Other notable companies in this emerging category include DataFleets, Privitar, Inpher, Dashlane, Jumbo, Virtru, OneTrust, TrustArc, Okera, Collibra, Alation, DataGuise, Immuta, and many more. Cloud misconfiguration remains the top cause of data breaches in the cloud, and the COVID-19 crisis is making the problem worse. Web-based applications such as Microsoft Office 365, Google Docs, or any number of email services are all examples of widely adopted cloud SaaS offerings. The state of cloud computing in 2020. This State of the Cloud is two months in one, which means a double dose of scandal. By 2025, we expect the cloud to penetrate 50% of enterprise software. State of the Cloud 2020 Report, we share twenty years of data on the private and public cloud market trends, dive into the time tested tenets that early -stage cloud founders need to prioritize for growth, and of course, our predictions which explain the emerging … The Current State of the Public Cloud Market. State of Cloud 2020 Report The questions surrounding cloud computing are no longer about “if” or even “when.” Today, enterprise IT teams have committed to cloud strategies, and the key questions are along the lines of “what goes to the cloud next” and “how much faster.” Flexera 2020 State of the Cloud Report. Dresner Advisory Services' 2020 Cloud Computing and Business Intelligence Market Study. However, among all these statistics about the public cloud markets, this one remains the most impressive: Across all enterprises, 94% already use a cloud service. We asked 250 IT decision-makers at enterprise companies with over 5,000 employees from across Europe, USA and APAC about the state of the public cloud in their organisation. The state of services in the cloud for 2020 We’ve learned to take services for granted, but they are actually more important than most cloud architects think “Increasingly, the knowledge economy is built on a decentralized workforce. A Second Act is just a pipe dream if there isn’t a successful GTM strategy, which is why we need to address Law 3. In fact, AWS is now north of a $40 billion annual revenue run rate (growing at a CAGR in the mid-30%’s), while generating billions of dollars of profit and roughly 30% operating income. While there were zero public cloud companies valued at $1 billion+ at the turn of the 21st century, public cloud companies with a $1 billion+ market capitalization gained significant velocity after 2007, as Netsuite went public in that same year and cloud adoption rates increased. In 1998 when Netsuite was founded, and then in 1999 when Salesforce first launched, many experts in tech believed the cloud was just a fad. Milestone 1: The public cloud hit $1 trillion in 2020. Cloud is powering the future of software. That's more than double what Google Cloud recorded in 2017. Follow all the news in one place, sports, movies, games, applications, technical news and much more The cloud has already moved beyond the enterprise software market and will continue to as we turn toward the cloud for transportation, healthcare, education and more. The technology is also leveraged to provide users with access to applications like Google Docs, which allows users to create, edit, and share different types of documents from a web browser on practically any modern device. A few key highlights from the Flexera 2020 State of the Cloud Report: Organizations embrace multi-cloud. Technology continues to drive our world into the future with each passing day bringing news of change just around the corner. SHARE: Every company claims to have a cloud/hybrid DevOps platform that enables and powers developers working remotely. If you’re a company building solutions for the future of B2B Marketplaces you can email Kent Bennett (kent@bvp.com), Connor Watumull (cwatumull@bvp.com), and Mike Droesch (mdroesch@bvp.com). In February 2011, at a time when cloud adoption was still nascent in government, the Obama administration adopted Cloud First, a policy to accelerate adoption of cloud computing technologies. Today there’s not just a rift, but a chasm between where data privacy technology, processes, and regulations should be and where they are, thus creating massive amounts of “privacy debt,” wrote Partner Alex Ferrara in his Data Privacy Engineering Roadmap. As for HashiCorp, it initially commercialized primarily on Vault, but with customer penetration they were able to upsell Terraform and Consul, expanding its addressable market. In more recent years, cloud offerings have been expanded beyond simply storing information,  now providing users with access to computing resources for all kinds of different use cases such as improved service availability, on-demand computing power, and virtual test environments. According to respondents, roughly 54% of cloud-based applications were previously deployed on-premises and then moved onto the cloud. State of AI-based Technologies in 2020; Is ‘fogging’ the future of Cloud Computing? Bessemer's 5th Annual State of the Cloud Report returns for a definitive look at the cloud industry today. IaaS primarily deals with providing users with access to cloud servers for on-demand storage and computing capacity. Secure the cloud with Sophos. If the global economy has learned anything during this extreme public health crisis it’s that digital transformation, largely powered by the cloud, is no longer an option but an absolute imperative. In the IaaS race, the gap between AWS and Azure is closing. Join us as we go over what's going on with GeForce's game library, Tutanota being … 1 of 44 As of April 20, 2020, Shopify’s market cap is $68.74 billion. While new technologies are introduced with increased frequency, it still takes time for their true potential to be realized and integrated into society. Join us for an inside look. The State of Cloud Native Security 2020 reveals the biggest cloud security issues, visibility gaps and challenges that keep security professionals up at night. The percentage of applications purpose-built for the cloud is rising as the technology continues to prove its merit and organizations develop new applications that can best leverage the new technology. Knowledge Sharing is its own category now, too, with Notion, Guru, Slab, Miro, and Loom. June 9, 2020 Tech News Leave a comment 30 Views. In the 2020 State of the Cloud, Bessemer underscored how the growth of public cloud companies has continually outpaced even the most optimistic predictions, surpassing $1 Trillion in combined market cap earlier this year. The cloud allows users to access their information from any device connected to the internet and the fear of local loss of data was drastically minimized thanks to cloud backups. (We were delighted to be wrong.) For inbound sales, align hiring to match your company’s inbound lead velocity rate. IaaS business use cases include: PaaS offerings allow organizations to build additional services or applications on top of existing cloud platforms. In 2010, there were 12 public unicorns, and as of the beginning of 2020, there are 54. The remaining 22% is claimed by platform as a service (PaaS). For example, when we look at the unified communications and video conferencing category the three major players are Zoom (64% market share), Skype (24% market share), and Webex (10% market share). Hello and welcome to this latest State of the Cloud… On-demand high-performance computing for things like analyzing Big Data or running complex simulations. Twenty years ago, it took Cornerstone OnDemand more than a decade to grow from $1 million to $100 million in ARR, but today we’re seeing emerging giants like Slack, UiPath, HashiCorp, and Twilio and more, do it in record time. Security teams need to secure everything, but … Growing at an average of 35% Compound Annual Growth Rate (CAGR), the public cloud markets hit that $500 billion milestone two years earlier than we expected in March 2018. “As these changes begin to crest and companies reshape how teams are built and what ‘work’ entails, a mega wave of business software and tools will support this new generation of knowledge workers. Clearly, cloud computing is making its way to cloud nine, (See what I did there?) By Jens Eckels May 5, 2020. If you can build a product that grows revenue, reduces expenses, or replaces existing spend with better functionality, you will find success with your next act. Please let us know by emailing blogs@bmc.com. Fifty-five percent of respondents said their organizations currently make use of multiple public clouds with 11% using more than three. One thought on “State of the Cloud March & April, 2020” Alex says: 2020/04/08 at 08:25 Amazing article! However you’re using the public cloud, Sophos can help you keep it secure. This year Plaid was bought by Visa for a whopping $5.3 billion. Zamów dostawę do dowolnego salonu i zapłać przy odbiorze! IT organizations can develop customized cloud applications to amplify the platform’s capabilities and provide tailored solutions for internal use or as a service to other organizations. In traditional outbound sales, we recommend that you only hire more salespeople once you have two or three account executives hitting their quota without much support. Assuming that the industry would continue to grow at that same 35% CAGR, we predicted at Bessemer that we’d reach $1 trillion in a couple of years. By 2015, the market cap increased by 8x with the addition of LinkedIn, ServiceNow, along with Salesforce and Netsuite, as the top five public cloud companies. It wasn’t until 2008 that the industry saw a privately held cloud company, LinkedIn, reach a $1 billion+ valuation. The 2020 State of Cloud (In)Security | … Despite the world economy being in one of the most volatile times since 1929 and seeing a rapid and significant drop in the public markets, the cloud computing industry in its two-decade history has experienced truly exponential growth. The State of Cloud Native Security 2020 reveals the biggest cloud security issues, visibility gaps and challenges that keep security professionals up at night. Microsoft pushed the Azure Cloud into the limelight in 2008 and the Google Cloud did not officially launch (then called AppEngine) until 2011. The Flexera 2020 State of the Cloud Report: Adoption and Tech Trends By James Maguire , Posted May 6, 2020 Based on a user survey, the annual cloud report offers a comprehensive view of the current cloud market, detailing challenges, adoption trends, technology usage, costs and more. A final approach is Software-Defined Management, championed by the company HyperScience, which automates entire business processes via application building blocks in order to increase labor efficiency and to trigger enhanced human-machine collaboration. Bessemer’s Data Privacy team Alex Ferrara, Jules Schwerin, and Mary D’Onofrio would love to hear from companies who are building software against this opportunity (alex@bvp.com, jschwerin@bvp.com, mdonofrio@bvp.com). This concept represents your next product extension or new offering that can both be sold into your existing customer base and expand the number of new customers you can reach. As of February 2020, there are more than 86 private cloud unicorns, including companies like HashiCorp, UiPath, Snowflake, Stripe, Toast, Procore, and more. New laws such as GDPR and CCPA are creating the demand for enterprises to tighten their data privacy practices. The respondents ranged from engineers and managers to directors and C-levels. Making the most of the cloud is no simple task, but many organizations are finding ways to optimize their cloud spend without decimating their budgets. This summary of IDG’s report says, “59 percent of respondents said their organizations would be mostly or all in the cloud within 18 months.” Cloud computing adoption hasn’t come without its own set of risks and difficulties, however. Software solutions like Glint, HiBob, and Culture Amp also help companies successfully gauge culture, measure benchmarks, and help inclusion numbers over time. In 2000, emerging private cloud companies included, Salesforce, Netsuite, and Paypal, but there were zero private companies that were valued $1 billion. Zscaler ThreatLabZ research found that cloud security incidents in 2020 were due in part to lack of monitoring, excessive permissions, loose policies, and more. We are excited to partner with companies fueling remote and distributed teams.”. Security teams need to secure everything, but … At Bessemer, we believe entrepreneurship is borderless, and we’re excited to continue to back cloud entrepreneurs around the world. Today, organizations around the world have harnessed cloud computing technology to provide a massive and diverse array of service offerings. Website hosting with on-demand scalability. The transition point is when you start bringing on more reps. In a weird twist of fate, exactly one year later on February 5, 2020, we surpassed the $1 trillion market capitalization of the public cloud market, with a 45% growth rate. “It’s important for leaders to address talent and culture like any company would address churn or competitive differentiation,” said Jennifer Tejada, CEO of PagerDuty. And of course, the Big Three public-cloud providers—Amazon Web Services, Google Cloud and Microsoft Azure—continue to grow, and together now have estimated, annualized revenue of around $100 billion, according to public reports. In January 2019, Flexera surveyed 786 technical professionals across a broad . 3. and prepared the resulting analysis for the RightScale 2019 State of the Cloud report from Flexera. The Orca Security 2020 State of Public Cloud Security Report This study shows that public cloud environments are rife with neglected workloads, authentication issues, and lateral movement risk. Silicon Valley doesn’t have a monopoly on innovation. Choosing an Open-Source Cloud Platform; How familiar are you with the gaming landscape? There’s still opportunity ahead for us all. By Byron Deeter, Elliott Robinson, Hansae Catlett, Mary D’Onofrio. This report is a follow on to the first State of Cloud Native Development Report for Q2 2019 which we announced in May. Learn more about BMC ›. * In today’s digital age, software drives business innovation. However, the threats to public cloud security are growing at the same rate. 2020 State of the Cloud Report In a rapidly evolving public, private and hybrid cloud market, insight into emerging cloud trends can guide an organization’s digital business decision processes, vendor and technology selection and investment strategies. 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