2024 Cloud Statistics: Key Facts and Trends

Still on the fence about cloud computing? From startups to multinational corporations, many businesses are using cloud platforms to boost their efficiency and cut operating costs. 

As a cloud hosting provider for SMEs, we can help you realise the potential that cloud hosting holds for your business. Read on to see how moving to the cloud could be the best decision you make for your business this year.  

Cloud Security 

Security is one of the top reasons for cloud adoption. Cloud hosting services are now far more equipped to handle cybersecurity demands than small businesses who choose to self-host.  

By choosing cloud hosting, you’re able to benefit from enterprise level security for a fraction of the cost. Keeping your data and business safe from cybersecurity threats.  

Data Breach Statistics 

As of January 2024, about 21 percent of organizations in the UK reported experiencing a data breach accident once a month, while a worrying 18 percent said they had experienced a data breach incident once a week. 

With data breaches on the rise, cloud hosting offers a cost-effective way to protect your business. Not only do you benefit from the security measures previously mentioned, but cloud hosting services also usually include back-up and restoration as part of their packages. So, if you do suffer a data breach or data loss, your essential business data can be easily recovered.  

In fact, 80% of UK small businesses reported improved data security after moving to the cloud. Highlighting the improvements being in a cloud-hosted environment can have.  

Cost Savings and Efficiency 

Cloud hosting offers significant cost savings and improved efficiency for small businesses in the UK:  

• UK small businesses reported an average of 20% reduction in IT costs after moving to the cloud 

• 71% of UK SMEs experienced improved operational efficiency post-cloud adoption. 

These statistics show that cloud hosting can help small businesses optimise their IT spending while enhancing their overall operational performance. 

Facilitating Remote Work and Collaboration 

The cloud has been instrumental in enabling remote work, which has become increasingly important for UK businesses: 

•  84% of UK businesses that adopted cloud services reported improved collaboration among remote teams. 

• 57% of UK small businesses plan to offer hybrid or remote working options long-term, made possible by cloud technologies. 

Cloud hosting allows small businesses to maintain productivity and collaboration regardless of their employees’ physical locations.

The statistics clearly show that cloud hosting offers numerous benefits for small businesses, from cost savings to improved security to enhanced collaboration. As a cloud hosting provider, we’re committed to helping your business harness these advantages. 

By moving to the cloud, you’re not just adopting new technology – you’re positioning your business for future success. With improved scalability, security, and efficiency, cloud hosting can help your small business compete more effectively and adapt to changing market conditions. 

Don’t let your business fall behind. Contact us today to learn how our cloud hosting solutions can benefit your business.