Cloud storage remains an essential ingredient in modern IT infrastructure environments.
The data is clear. Enthusiasm for cloud storage is on the rise. Respondents overwhelmingly predict they will increase their data storage in the cloud in 2024, with a 9% increase compared to last year.
However, there’s a good and a bad of cloud storage spending.
The bad? 53% of organisations exceeded budgeted spending on public cloud storage in 2023.
The good? Excess spending isn’t always because of fee structures and billing complexity. Growing utilisation of cloud storage services and data are two of the leading reasons why organisations are exceeded budgeted spend on cloud storage in 2023 – which indicates they are getting more value out of their data and service(s).
