State of the Corporate Cloud in 2022

Posted March 8, 2022

The cloud migration services market was valued at $119.13 billion in 2020 and is expected to reach $448.34 billion by 2026. That is a compound annual growth rate (CAGR) of 28.89% over the forecast period 2021 – 2026 according to data from Mordor Intelligence. Cloud adoption by corporations of all sizes is accelerating and remains a significant consideration for IT cost reduction, accessibility, and security strategies.

Businesses are migrating to the cloud for seamless scalability, increased effectiveness, faster implementation, mobility, and disaster recovery. Managed service providers are evolving with the cloud as they adapt to and implement cloud security strategies in a multi-cloud world.

In short, cloud migration is one of the hottest trends in corporate IT and the movement is summed up nicely in the infographic below based on new data from Flexera.

Scott Anderson

Scott Anderson is Partner / CTO of Verus Corp. He works with mid- and large-sized companies to ensure that all of their managed IT service needs are met to their highest standards. Scott knows that giving customers exactly what they need requires flexibility and patience. He works with each department to carry out documentation and the processes of providing managed IT services. Every position that Scott has held has been largely focused on customer service. This expertise and experience means that you’ll be getting a holistic and customer-centered experience from Verus Corp, from installation to troubleshooting. Scott has provided services that have helped Verus Corp be named a Cisco Select Partner and WatchGuard Partner of the Year. Most recently, Verus Corp was named the second best place to work by the Minneapolis/St. Paul Business Journal. Scott has a Bachelor’s in Speech from St. Cloud State University.