Is the Public Cloud growing fast enough?

Public cloud is expected to grow 23% (overall) in 2021. Is that a fast enough pace of growth, or are there still significant barriers to adoption and faster growth?

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SHOW NOTES:

• Gartner forecasts 2021 Public Cloud Growth
• Gartner forecasts 2021 IT Spending (Overall)
• Global Smartphone Market Share (2021)
• Apple reports quarterly earnings
• Amazon/AWS reports quarterly earnings
• Microsoft reports quarterly earnings
• Google/Alphabet reports quarterly earnings

IS THE PUBLIC CLOUD GROWING QUICKLY? 

1. Q1 2021 vs. Q4 2020: AWS (+30%), Azure (+23%), GCP (+46%)
2. Growing faster than On-Premise, Existing IT (8.4%)

WHY ISN"T THE PUBLIC CLOUD GROWING FASTER?

1. Data Gravity - Moving data into the cloud is expensive and slow
2. Data Centers are long-term depreciation activities (10-20 years)
3. “App Modernization” budgets are small - as a % of IT budgets
4. SaaS is growing at 20% YoY
5. Cloud Costs are expensive and complicated to understand
6. Tech VC is still investing in Tech Startups
7. Security is always a Top 3 priority, and Cloud Security is different
8. A large portion of Enterprise and Gov’t isn’t connected to the Internet - and Mainframes aren’t in the cloud. 
9. Retraining Cloud Skills takes time (Gladwell 10,000 hour rule)

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