Enterprises are striving to achieve cloud potential through hybrid and multicloud strategies, resulting in fundamental shifts in application management paradigms. These shifts include:
- An estimated growth of 68% in spending between 2018 and 2022 driven by the cloud shift across key enterprise IT markets.¹
- Currently, less than 20% of applications are in the cloud, and this proportion is expected to increase, resulting in both hybrid and multicloud adoption.²
- Yet, an estimated 90% of current applications will still be in use in 2023, with insufficient modernization efforts.¹
The traditional way of managing applications is becoming obsolete. What is needed is a paradigm shift to manage applications so you can extract the full potential of cloud. Organizations that embrace this new paradigm quickly will innovate and thrive against competitors.