ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

DigitalOcean Report Uncovers Barriers SMBs Face in Cloud Adoption, Showing Need for Less Technical Solutions

While 52% of traditional SMBs believe the cloud is critical to their business success, 43% have zero full-time technical staff to manage cloud solutions

DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and small-to-medium sized businesses, today at deploy announced the findings of its latest Currents report.

Fifty percent of traditional, non-tech SMBs turned to the cloud to overcome the business challenges of the ongoing pandemic, but the Currents report found that the responsibility of managing cloud services often falls on the CEO, president, or even the owner of the traditional SMB. On top of limited technical staff, traditional SMBs note cost (19%), technical training and education (13%), and time required to manage services (12%) as barriers to cloud adoption. Traditional SMBs are calling for cloud solutions that are less complex and easier to manage.

“Developers and SMBs require a different approach to the cloud that addresses their needs—our approach is centered around simplicity, community, support, open source and cost-effectiveness,” said Yancey Spruill, CEO at DigitalOcean. “The cloud represents a massive opportunity for developers and SMBs to test their ideas and build their businesses and it’s more important than ever that they have access to easy-to-use cloud solutions that meet their unique needs.”

Key findings of the Currents report include:

  • There is a cloud knowledge gap between traditional SMBs and enterprises. For example, 48% of respondents from traditional SMBs are not familiar with the term “cloud-native,” compared to the 5% of respondents from enterprises who are not familiar with the term. Meanwhile, 56% of respondents from traditional SMBs are not familiar with the term “digital native,” compared to the 18% of respondents from enterprises who are not familiar.
  • Businesses of all sizes relied on the cloud to get through the pandemic peak—and adoption isn’t slowing down any time soon. Of the respondents who reported increased cloud usage in 2020 due to COVID-driven digital acceleration, 82% of traditional SMBs, 83% of tech SMBs, and 92% of enterprises said their cloud usage has continued to increase this year. Sixty-nine percent of respondents believe the cloud has helped their business recover from the ongoing pandemic. Businesses of all sizes say coping with the impacts of COVID-19 is the biggest challenge they face right now, but for traditional SMBs, keeping up with the technology curve is just behind.
  • Different sized businesses need different cloud architectures to meet their needs. Multi- and hybrid cloud adoption is more prevalent among enterprises (44% multi-cloud, 44% hybrid cloud) and tech SMBs (40% multi-cloud and 36% hybrid cloud), while traditional SMBs are more likely to have a single cloud (46%). Additionally, traditional SMBs often start with on-premise infrastructure and graduate to the cloud (51%) compared to enterprise and tech-focused SMBs, who are equally likely to be hybrid or completely cloud-based from the start (65% of enterprises, 64% of tech-focused SMBs). There’s a clear opportunity for cloud providers to build simpler cloud solutions to fit the needs of traditional SMBs.

Read or download the full report here: https://www.digitalocean.com/currents/.

Methodology

The Currents report is based on 2,400 interviews in 48 countries conducted by Aspen Finn from September-October 2021. Respondents were split into three segments: enterprise companies with 500 or more employees, tech-focused SMBs with under 500 employees who describe themselves as tech or hybrid, traditional SMBs with under 500 employees who describe themselves as non-tech.

About DigitalOcean

DigitalOcean simplifies cloud computing so developers and businesses can spend more time building software that changes the world. With its mission-critical infrastructure and fully managed offerings, DigitalOcean helps developers, startups and small and medium-sized businesses (SMBs) rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. DigitalOcean combines the power of simplicity, community, open source, and customer support so customers can spend less time managing their infrastructure and more time building innovative applications that drive business growth. For more information, visit digitalocean.com or follow @digitalocean on Twitter.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.25
-4.85 (-1.95%)
AAPL  273.47
-1.78 (-0.65%)
AMD  258.92
+21.40 (9.01%)
BAC  54.11
+0.48 (0.90%)
GOOG  287.43
-4.31 (-1.48%)
META  609.01
-18.07 (-2.88%)
MSFT  511.14
+2.46 (0.48%)
NVDA  193.80
+0.64 (0.33%)
ORCL  226.99
-9.16 (-3.88%)
TSLA  430.60
-9.02 (-2.05%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.