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New studies examine state of the hybrid and multi-cloud investment

by Eamon McCarthy Earls
Assistant Editor,

Two new studies from cloud solution vendors point to the broad adoption of public cloud and the ongoing challenges of creating and managing a cost-effective, secure IT strategy that is most often multi-cloud or hybrid.

Flexera, a management software and optimizations company, announced the results of its 2021 State of the Cloud Report, which queried 750 cloud decisionmakers, found that enterprises are increasingly embracing multi-cloud. Among its findings:

  • 92 percent of enterprises have a multi-cloud strategy and 80 percent have a hybrid cloud strategy
  • A third of enterprises reported spending over $12 million a year on public cloud
  • Public cloud adoption continues to expand due to the effects of the Covid-19 pandemic.
  • Three quarters of enterprises have a centralized cloud center of excellence
  • Around 63 percent work with cloud managed service providers.

“COVID-19 has accelerated the migration to cloud computing. Still, cloud isn’t magic or the land of milk and honey. Companies are moving fast, facing challenges, and trying to connect cloud computing to business outcomes,” stated Jim Ryan, President and CEO of Flexera. He noted that real-world challenges like security and optimizing cloud spend remain challenges.

A separate survey from Yotascale, a cloud cost management provider, and ESG in February found that 64 percent of respondents felt that multi-cloud adoption has hampered observability. Other findings included:

  • Over 80 percent indicated that cost allocation now proves burdensome.
  • Curiously, though, only 24 ...

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About Eamon McCarthy Earls

As the assistant editor at, Eamon helps to oversee editorial content on the site and supports site management and strategy. He can be reached at

Before joining, Eamon was editor for at TechTarget, where he covered networking technology, IoT, and cybersecurity. He is also the author of multiple books and previously contributed to publications such as the Boston Globe, Milford Daily News, and DefenceWeb.