Gartner’s “Top Four Trends Are Shaping the Future of Public Cloud” report estimates that global spending on cloud services will reach $482 billion in 2022. This is almost double from pre-pandemic spending; in 2019 spending on cloud services was only $257.5 billion.
Although the need for more cloud services seems to be growing, a small percentage of businesses are moving away from the cloud. This process is called cloud repatriation. Cloud repatriation is the process of reverse-migrating application workloads and data from the public cloud to a private cloud. Repatriation can provide various benefits. A recent article by ComputerWeekly.com lists some of the benefits, as cost reduction, security and regulation, and latency and data gravity. In addition, cloud service providers do have outages and face security issues. For example, in 2019, a former AWS worker was accused of stealing Capital One data from a vulnerable AWS system. These issues may make companies reconsider their current infrastructure to have ultimate control of their data.
Is your company considering an IT refresh in 2022? Do you have excess IT equipment and need help? Liquid Technology’s team of experts can make the process easy. We handle all the logistics – from your door to our warehouse and everything in between. In addition, we can help you liquidate your decommissioned hardware and receive a ROI. Learn more about our best-in-class ITAD services here: https://liquidtechnology.net/it-asset-management-services/