Security News > 2020 > May > What’s happening with all things cloud: Existing and future cloud strategies

Public cloud adoption continues to accelerate Twenty percent of enterprises spend more than $12 million per year on public cloud.

Cloud cost optimization Organizations are over budget for cloud spend by an average of 23 percent, and expect cloud spend to increase by 47 percent next year.

Organizational approach to cloud 73% of enterprises have a central cloud team or cloud center of excellence.

Cloud challenges 83% of enterprises indicate that security is a challenge, followed by 82 percent for managing cloud spend and 79 percent for governance.

For cloud beginners, lack of resources/expertise is the top challenge; for advanced cloud users, managing cloud spend is the top challenge.

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