Our global survey of about 4,000 respondents found nearly 65 percent saw up to 10 percent in cost savings from cloud migration, on average. We also found the pandemic has led many organizations to undergo compressed transformation. That is, they’re accelerating the migration of their workloads to the cloud in months, not years. Over the next three to five years, more than two-thirds of workloads will shift to the cloud, with about a third of organizations moving more than 75 percent into the cloud across most regions of the world.

Almost all organizations in our survey have some presence in the cloud today. But a small subset of them—about 12-15 percent of respondents depending on region—are seeing substantial gains from their continued cloud engagement. They’re benefitting even amidst global disruptions. 

For them, cloud isn’t just about on-demand compute, storage and network, as it was 10 years ago. Even five years ago, cloud mostly involved choosing public shared data centers. This subset of organizations recognizes the cloud as a launchpad for innovating and new ways of operating. 

They understand that the cloud is a continuum of capabilities that span from public to edge—and everything in between. This Cloud Continuum includes different types of ownership and location (from public to private or hybrid to co-location to multi-cloud and edge), all dynamically supported by next-generation connectivity such as 5G and software-defined networks.