The shift to the cloud was already well under way but has been expedited for many companies because of the pandemic. The spike in cloud adoption also caused a spike in worldwide end-user spending on public cloud services, which is expected to grow 18.4% in 2021 to a total of $304.9 billion, up from $257.5 billion in 2020.
The rapid move to the remote work model that the pandemic created caused companies to rethink the use of corporate real estate and on-premise data centers, while also forcing them to rewrite and reconsider business models for this new way of life. As a result, chief information officers were pushed to accelerate their cloud adoption efforts with plummeting IT budgets.
