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Oracle Survey Reveals that Multicloud is the New Reality in Enterprise Technology

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by Centroid

In Oracle’s second annual multicloud survey, 451 Research, part of S&P Global Market Intelligence, was commissioned to conduct a multicloud survey in North America, Europe, Asia-Pacific, the Middle East, and Latin America. The survey was conducted during the third quarter of 2022 with a cross-industry sample of 1,500 enterprise respondents.   

Enterprise is defined as an organization with more than 1,000 full-time employees in North America or more than 500 in other regions.

Multicloud refers to leveraging more than one cloud solution for your enterprise operations.

The results indicate that multicloud is the new reality in enterprise technology, with 98% of enterprises surveyed already using or planning to use multicloud. 90% of respondents agree that the COVID-19 pandemic has been a strong driver of greater interest and investment in cloud technology. Adopting a multicloud strategy allowed enterprises to gain flexibility and scalability as new challenges occurred, such as increased levels of remote work and collaboration with new business partners and suppliers.  

Key Findings from Study:

How many IaaS or PaaS public cloud providers do enterprises use or plan to use in their IT environment?  

  • 98% of enterprises surveyed are using or planning to use at least two cloud infrastructure providers, and 31% use four or more.  
  • 96% reported using or planning to use at least two cloud application providers, with 45% using cloud applications from five or more providers. 

What drives demand for multicloud strategies?   

  • The top two drivers of multicloud strategies in enterprises are data sovereignty (41%) and cost optimization (40%).  
  • Other drivers of multicloud strategies include business agility and innovation (30%), best-of-breed cloud services and applications (25%), and cloud vendor lock-in concerns (25%).  

What are your organization’s most important current and future uses for multicloud 

  • 54% of respondents reported that data redundancy is the most anticipated future use case, followed by data mobility (49%) and cost optimization across public clouds (42%).  
  • 40% of IT departments plan to use multicloud strategies for risk mitigation for the entire IT environment, and 38% use multicloud strategies for geographic expansion or global service delivery.

Choose with Confidence

Oracle Cloud Infrastructure (OCI) multicloud offers the benefits of the cloud, but with greater control over data residency, locality, and authority, even across multiple clouds. OCI’s multicloud capabilities, such as Oracle Database Service for Microsoft Azure and MySQL HeatWave on AWS, give customers the choice to pick the best cloud provider for their applications and databases. The choice is yours, but you’re not alone. Whether it’s Oracle, Amazon, Google, or Azure, Centroid will equip you with the information you need to make the best decision.  

Turn Daunting to Doable

The majority of challenges enterprises face with multicloud typically involve data governance, data silos, regulatory compliance, and cost management. If you are considering a multicloud strategy, you need a partner who understands the cloud and your business. Centroid has helped hundreds of companies achieve cloud success with our simple-yet-comprehensive approach which is time-tested and proven. 

Plan: With world-class expertise from our business and technology consultants, you will receive a comprehensive cloud plan that maps to your unique business and technology goals.  

Move: Our proprietary cloud migration technology rapidly moves your workloads to the cloud so you can get in the cloud quickly and efficiently.  

Manage: Once in the cloud, you can shed the weight of technology management. With Centroid’s Managed Services, you free up time, money, and resources to focus on what matters.  

Our team will assist in identifying a workload, collecting the characteristics, and then mapping it to the major cloud platforms (AWS, Azure. GCP, and OCI) so you can compare, contrast, and choose the right cloud for your business. Schedule a Complementary Cloud Assessment to begin your multicloud journey!