Remember when FinOps was just a trendy term? Fast forward to today, and it’s a booming $5.5 billion market, with a projected compound annual growth rate (CAGR) of 34.8% between 2023 and 2025.
The trend towards adopting a cloud FinOps, a strategic blend of financial management and operational efficiency in cloud computing has been driven by the increasing challenges in the cloud, including unclear cloud cost visibility, unplanned waste, inefficient resource allocation, rising cloud operations costs, ineffective internal team collaboration, and challenging governance.
