Flexibility, competitiveness, comfort and greater security. There are many advantages for companies to work in the cloud, so it is not surprising that the cloud market reached a record figure of 2,875 million euros this year in Spain.
According to study data “Empowering the cloud: how to extract the full potential of the cloud for the benefit of your business”prepared by IDC Spain and sponsored by OVHcloud and AMD, the public cloud will increase its annual growth rate to 21.9% in the period of 2021 and 2025, reaching 5,143 million euros.
2023, as has happened during this 2022 and since the Covid-19 pandemic began, migration to the cloud has experienced a time of enormous expansion. In fact, it is predicted that by 2023 even 1 in 2 companies will generate 40% of their revenue through the sale of new digital products or services.
The challenges of the cloud for companies
Companies today are not just moving their workloads from on-premises environments to the public cloud. They also look for different cloud optionsbe it public, private, hybrid, multi-cloud or containers.
In fact, according to the European survey Future Enterprise Resiliency and Spending Survey from IDC, 46% of Spanish organizations are investing in multiple cloud strategies, allocating capabilities and resources across multiple clouds. While 32% are looking for a frictionless experience across multiple clouds, without worrying about the location of data and applications. Achieving with it the maximum business impact through access to data in a secure way.
Integrity, quality, availability, cross-cloud data protection, mobility, and cyber resiliency are the top five capabilities that organizations seek to develop to ensure data resiliency. It is because of that cybersecurity is vital.
According to this study, in this sense there is a tendency a move from perimeter security to data securitywith data governance and regulatory compliance at the center of the strategies.
Therefore, it is not surprising to see the 7.7% growth of the security market in Spain compared to the previous year, standing at 1,749.3 million euros, and with growth of 11.8% until 202. Where it is expected to exceed the barrier of 2,200 million euros. The fastest growing segments are those related to managed security services (11.8%), integration services (11.8%) and network services (10.6%).