According to the International Data Corporation (IDC) Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment, spending on compute and storage infrastructure products for cloud deployments, including dedicated and shared IT environments, increased 24.7% year over year in the third quarter of 2022 (3Q22) to $23.9 billion.

Digital transformation (DX) is one of the trends shaping the enterprise world and driving the investments organizations are making to modernize their IT infrastructures and processes. Migration to service-based IT is one of the significant elements of DX initiatives as it enables organizations to utilize IT more efficiently for achieving business goals, pursuing new opportunities, and enhancing customer experience.

According to analysts at IDC, cloud in all its permutations is having a major impact on the disposition of core enterprise applications. By the end of 2021, based on lessons learned in the pandemic, most enterprises will accelerate their shift to cloud-centric digital infrastructure and application services.

Despite the growing number of vulnerabilities in cloud infrastructure services, containers and other products with a prominent role in cloud enablement, cyber hygiene is still the biggest risk, security analysts at Skybox Research recently revealed in their 2019 Cloud Trends Report.