Companies around the globe are moving to the cloud. This migration isn’t motivated by blindly following IT trends; real business needs are the drivers of enterprise-level adoption. These needs vary by industry, and each sector is growing at a different pace. It’s not surprising, then, that there is a wide range of services available to meet the variety of budgets and needs. Many companies are adopting cloud services as a strategy to rapidly scale internet database capabilities to reduce cost and risk.
Let’s explore which industries are benefitting from cloud adoption, where cloud adoption is growing, and what cloud adopters look for from a cloud partner.
Long Term Cloud Investment In Manufacturing
Manufacturing is one of the biggest employers globally, which means it is a significant driver of global economic growth. No wonder manufacturers are looking to the cloud as a long term investment in infrastructure and are the biggest adopters of hybrid cloud solutions. The manufacturing segment spent $5 billion on cloud adoption in 2019 and expected to see more than 20% growth year over year. Companies note that business efficiencies, business intelligence, and accelerated manufacturing times are direct outcomes of cloud adoption.
Cloud computing enables sophisticated manufacturing techniques that leverage things like high-performance computing (HPC), 3D printing, and industrial robots. Notable manufacturing companies like Doosan, for example, look to LoadSpring for cloud services that improve their operations and allow them to innovate. Doosan sees a vast increase in project management software performance, which benefits team efficiency. LoadSpring’s multi-layer cloud security, integration between applications, and disaster recovery all work together to keep Doosan’s operations efficient.
Cloud Contract Software For Architecture, Engineering, and Construction (AEC)
The AEC sector, another significant factor in world economic development, is familiar with cloud services but is still in the adoption phase. That said, interest in cloud adoption among contractors has jumped from 16% to 85%. Some factors holding companies back are lack of understanding of cloud services, unfounded security concerns, and inadequate internet coverage on remote work sites. According to the Unearth research linked above, “it’s only within the last few years that developers have made SaaS solutions to exploit the power and potential of cloud computing, mobile devices, and 4G wireless internet for the construction industry.”
Major AEC companies like Flatiron Construction take advantage of cloud-hosted project and contract management software, as well as advanced data centralization and efficient license management. These cloud services create greater software adoption companywide (which saves time and money), allow for valuable business insights, and offload significant burden from internal IT staff. The competitive advantage offered by efficient cloud services enables companies like Flatiron to operate strategically; it also gives them flexibility and scalable infrastructure that allows for business agility and adaptability.
It’s only within the last few years that developers have made SaaS solutions to exploit the power and potential of cloud computing, mobile devices, and 4G wireless internet for the construction industry.
Multi-cloud Adoptors In the Financial Sector
Financial service organizations are traditionally conservative, so it’s no surprise that 70% of those companies are in the early stages of cloud adoption. But—the future is bright in the financial sector, as 60% of companies are anticipated to be multi-cloud adopters. Expected benefits include conforming to regulations, increased software performance, and lowering of IT costs.
Governments Leveraging the Cloud
Governments are making inroads to cloud coverage as well, with 50% of US agencies reporting the use of cloud services. Growth in cloud spending is forecast to increase over 17% by 2021, with virtualized software and Infrastructure as a Service (IaaS) as leading uses. In an impressive and coordinated effort to leverage the cloud to maximum advantage, the US government has set forth a comprehensive cloud strategy that focuses on modernization and security as critical factors.
Worldwide Cloud Coverage
The UK has embraced cloud computing, where the enterprise adoption rate is at 88%. Adoption reasons and usages include disaster recovery, cloud-based video conferencing, and office productivity tools. In contrast, the EU has not fully embraced cloud computing, with less than 30% of businesses utilizing cloud computing. The majority of adopters used hosted software, CRM, and PaaS.
In Asia and the Pacific, enterprise-level cloud adoption is at a staggering 90%. Business drivers reported are improved security, enhanced data sharing, and business agility. This nearly all-in approach is not only an indicator of the value of cloud services but also of how increased efficiencies gained from cloud adoption may evolve the region into an even bigger economic powerhouse. Even so, the US has been and continues to be the worldwide leader in cloud adoption. By 2022, all countries lag behind the US by 1 to 7 years.
African countries are investing heavily in cloud infrastructure, with the continental data center industry predicted to be worth $3 billion by 2025. This move cements cloud computing as critical infrastructure and positions the participating countries to be adaptable to changes in technology and the world at large. With data centers equipped with reliable backup sources, in countries where power supplies are unreliable, prominent IT infrastructure vendors are creating a strong presence in the Africa market.
Don’t Get Left Behind
The benefits are clear; users report increased productivity, acceleration of new business opportunities, and reduced IT overhead. The barriers to entry – perceived risks, internal resistance, upfront expenses – are falling away rapidly. CIOs are confident about the cloud, which puts them in the position of championing the cause within the organization. For 83% of businesses that are already in the cloud, the effort has proven worth it. CIOs state that it is faster and easier to get to deployment leading to greater agility, the capability to experiment, and smarter adoption of new technologies. As stated in this research, “once we get our heads around how to manage cloud as a service delivery engine, our ability to adopt and change will be as fast as we can write a PO for services we don’t have today”.
Move Your Enterprise Ahead – in the Cloud With LoadSpring
If your organization is just getting started on the road to cloud maturity, or if it is in an advanced position and seeking to fine-tune, finding the right partner is a critical part of the process. Key factors to investigate are:
- Budget: What are you looking to spend and why.
- Project scope: your cloud needs and objectives.
- Security: What are your needs?
Consider a partner that can walk you through all of the above factors before getting started—pressure-free. Cloud experts can help lift the burden of design and offer solutions before even getting to implementation. LoadSpring Solutions, Inc. is an expert in supporting critical industries, including:
LoadSpring provides world-class turnkey cloud services starting with LoadSpring Cloud Platform – your powerful yet easy to use cloud command and control center. Get it all through one centralized cloud and dashboard, including:
- Cloud-hosted applications, specializing in big-project software, including:
- Uncompromised security
- Private clouds
- Disaster recovery
- 24/7/365 customer support
You can expect more, get more, and do more with the LoadSpring Cloud Platform. Contact LoadSpring today to take your next step forward in cloud adoption. +1 978.685.9715 US | +44 800 088 5889 UK