companies have decided increase the budget they allocate to cloud computing for this year. This is how he points out Wasabi Technologies 2023 Global Cloud Storage Index report, which reflects that the cloud continues to be a priority for many organizations. Of course, investment in the cloud has a weak point: if companies are not careful with the use they make of the cloud, they may end up having unexpected costs.
A majority of the companies in the EMEA region (350 in total) that have participated in the survey that has served as the basis for the preparation of the report, 83%, indicate that they expect to increase the amount of data they store in the public cloud in this year. In addition, 81% have confirmed that they have plans to increase the budgets allocated to investment in public cloud. In the general report, 84% of the companies have indicated both that they will store more data in the public cloud and that they will increase their budget for spending on it.
These results show a 2023 that follows the trend of a 2022 that was focused on the cloud. Thus, last year 87% of the EMEA participants in the study migrated from on-premises storage to the public cloud. Among the main drivers of cloud adoption are the possibility of having more resilient infrastructure, not having the need to renew old hardware, and scalability.
Germany and the Netherlands exceeded the EMEA average, with 98% and 97% migration respectively. The United Kingdom and France, with 78% and 85% respectively, were below it. In the region, 90% of companies expect the amount of data they store in the cloud to be the same or increase in 2023.
When choosing a particular provider, companies considered data protection, security, and dedicated compliance features. In the case of Europeans, above all, the GDPR in the case of the British, and the ISO standards for French and German.
40% of companies in France listed a lack of cloud expertise, or insufficient training, as their biggest concern. For the British it is unauthorized access to their data. Germany noted, for its part, that it was the lack of storage identity and access management policies and tools.
A 52% of those who answered to the survey, on the other hand, indicated that they had exceeded their budgets for public cloud storage over the past year, and although in some cases they have pointed out that this was due to increased storage and migration, price increases and contract retention rates have had an impact on a notable number of companies. On average, EMEA companies will allocate 14% of their total IT budget to cloud storage, 2% more than average.
