Nearly half of all enterprise application workloads could reside in the public cloud within three years, according to 100 CIOs surveyed by Morgan Stanley Research. This compares with the 27% that populated the public cloud at the end of 2022. Those surveyed also expect on-premises application workloads will drop from 57% today to 38% by the end of 2025. (See chart above.)
Google takes the bronze
This major jump in the use of public cloud services will mainly benefit the big three hyperscalers, the researchers found. “As workloads shift to the cloud, Microsoft and Amazon remain the clear beneficiaries,” the report said. (See chart below.)
The analysts report that Google gets the bronze medal. Plus ça change!
Microsoft Azure is 'preferred'
The report said that Microsoft’s Azure ranks as the preferred public cloud vendor and that isn’t expected to change in the next three years. (See chart below.)
Morgan Stanley held its 4Q22 CIO survey between October 26 and December 7. The survey was conducted with 100 decision-makers responsible for purchasing, integrating, and maintaining IT technology. Seventy-three of the respondents came from the U.S., while 27 hailed from Europe.