Aspire Systems’ 2023 State of Cloud Report Reveals Growing Demand for Cloud Optimization Amid Rising Cloud Costs

Aspire Systems’ 2023 State of Cloud Report Reveals Growing Demand for Cloud Optimization Amid Rising Cloud Costs

A new report reveals industries across the board are exploring and quickly implementing varied cloud optimization strategies to boost the bottomline.

Global – April 15, 2024 Cloud computing has become an established cornerstone of modern business strategy with businesses across industries having embraced the cloud’s potential for scalability, agility, and innovation. However, a new report by Aspire Systems, the 2023 State of Cloud Report: The Optimization Edition, reveals a critical shift – the growing importance of cloud optimization to manage rising costs. The report, based on a survey of nearly 200 business leaders and technologists across North America, UK, and the EU, sheds light on how organizations are navigating the cloud landscape.

The report highlights key trends shaping the cloud landscape in the face of ever-increasing cloud spending. The key findings include:

  • Cloud spending is projected to reach $1.35 trillion globally by 2027. This significant growth highlights the need for proactive cost management strategies.
     
  • Many businesses struggle with the complexities of cloud optimization. The report identifies challenges such as a lack of visibility into cloud costs and inefficient resource utilization.
     
  • Emerging trends offer promising solutions. The report explores the rise of AI and machine learning (AI/ML) for cloud optimization, enabling businesses to gain deeper insights and automate cost-saving measures.
     
  • AWS Continues to Reign Supreme: Amidst the rise of hybrid cloud strategies, AWS maintains its position as a dominant player in the cloud landscape.
     

Beyond cost concerns, the report explores additional optimization goals like Enhanced Performance, Increased Automation, Improved Scalability, Enhanced Security and Powerful Data & Analytics

The report also explores the public cloud services most commonly used by enterprises, providing valuable insights into industry trends. While AWS continues to hold a dominant position, the report sheds light on the adoption of other major cloud providers.

The report touches upon the growing adoption of FinOps principles, a best-practice framework for managing cloud financial operations. Additionally, it explores the cost savings enterprises expect to achieve through effective cloud optimization strategies.


The cloud offers immense benefits, but without proper optimization, businesses risk runaway costs," says Shankar Bala, Senior Vice President of Technology Consulting & Innovation at Aspire Systems. "This report emphasizes the critical role of optimization strategies in ensuring a successful cloud journey."

The full report delves deeper into cloud optimization strategies and best practices. Download the 2023 State of Cloud Report: The Optimization Edition here: 2023 State of Cloud Report: The Optimization Edition (aspiresys.com)


About Aspire Systems:

Aspire Systems has been a frontrunner in the cloud modernization space for over a decade. Its unique accelerators provide maximum benefit to customers, helping them expedite their journey towards the cloud and achieve optimal cloud maturity. Aspire’s extensive and thorough experience in infrastructure, modern development and replatforming, data migration, and advanced analytics such as AI/ML makes the company a well-rounded partner for migration and modernization.


Media Relations Contact:

Bharani Lakshmi J 
Aspire Systems 
bharanilakshmi.kumar@aspiresys.com