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Cloud computing continues to reshape the business landscape, with the market valued at $587.78 billion in 2023. The trajectory is staggering: projections indicate the market will grow from $676.29 billion in 2024 to $2.29 trillion by 2032, maintaining a compound annual growth rate (CAGR) of 16.5%. This rapid expansion is driven by digital transformation initiatives, the widespread adoption of mobile devices and internet access, the dramatic change made by AI, and the exponential growth of big data usage.
Currently, cloud adoption rates reflect this momentum, with the vast majority of enterprises leveraging cloud in some capacity. But as organisations push towards fully cloud-based infrastructures, fundamental questions arise about what this transformation truly entails. Is moving entirely to the cloud the ultimate goal for businesses seeking agility and scalability, or are there hidden costs, pitfalls and limitations?
In this roundtable, CIOs will consider questions such as:
Does full cloud adoption provide a sustainable cost advantage, or do hybrid models offer better long-term ROI?
How do data security and compliance concerns shift as we move toward fully cloud-based operations?
Is going fully on cloud technology a must to keep pace with evolving needs, especially with disruptive technologies like AI and quantum computing on the horizon?
Will the flexibility promised by the cloud be outweighed by potential vendor lock-in and dependency?
Are existing cloud solutions and providers up to the growing demand for sovereign solutions?
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