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Battery Ventures’ State of the OpenCloud 2022 report examines the panorama of cloud infrastructure and open-source software program and affords operational greatest practices for cloud corporations.
Cloud giants like Amazon Web Services (AWS), Microsoft Azure and Google Cloud have demonstrated vital development sturdiness — and profitability — at large scale, regardless of the present macroeconomic atmosphere. Billion-dollar companies like Databricks (a Battery portfolio firm) and Snowflake are constructed on high of those large cloud distributors, and there may be vital room to develop, as digital transformation accelerates throughout industries and extra workloads shift to the cloud.
Heavy cloud development
Across 4 main infrastructure-software corporations (MongoDB, Confluent, Elastic and Splunk), cloud income CAGR was at the very least 72% and as a lot as 200% from 2018 to 2022. On-premises CAGR, against this, ranged from 4% to 55%.
Overall, Battery predicts cloud spend at present represents about 25% of the $919 billion total enterprise IT market spend in 2022, a proportion that can little question improve within the months and years to return given the potential for market disruption. Amid rising stress to enhance productiveness and effectivity and a high-inflation atmosphere, Battery predicts we are going to see a step-change improve in cloud adoption throughout each trade and financial system.
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“Many cloud companies are demonstrating robust growth and even profitability as the broader IT market remains relatively under-penetrated by cloud; there’s still plenty of room to grow,” mentioned Danel Dayan, Battery vice chairman and one of many report’s authors.
“While it remains to be seen what will happen in the next few months in the technology industry, given the market downturn, we are confident that the cloud, and open-source software, will soon transform industries in ways we have never seen before,” Dayan added.
Methodology
The Battery Ventures 2022 OpenCloud report depends upon publicly obtainable information from Gartner, Pitchbook, the U.S. Bureau of Labor Statistics, CapIQ and firm earnings experiences. (Battery’s investments and exits are listed right here.)
Read the full report from Battery Ventures.
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