Economic concerns don’t slow cloud growth; costs and FinOps remain a main priority

Cloud spending remains substantial, with nearly half of all workloads and data now situated in the public cloud. Digital transformation remains a high priority, and there’s a need for increased revenues through innovation, with the cloud at the core.

The Flexera 2024 State of the Cloud Report investigates the public, private and multi-cloud usage of 753 global cloud professionals from a survey conducted in late 2023. It uncovers both the pressures and the strategic initiatives they’re utilizing to remain competitive in today’s dynamic and evolving landscape.

Cloud usage continues to grow, wasted spend is beginning to decrease and budget pressure remains high. For the second year in a row, organizations are citing cost control efforts as a larger challenge over security, reflected in the growing adoption FinOps teams and associated cost-savings initiatives.

Top cloud challenges

All: N=753, Enterprise: N=621, SMB: N=132
 Source: Flexera 2024 State of the Cloud Report (Figure 30) 

One thing is certain: you can’t innovate in a digital world without the cloud—and while organizations of all sizes are prioritizing every dollar of spend, navigating the cloud through a cost-conscious lens will continue to be a main priority moving forward.

Be the first to hear critical insights and cloud computing trends from this year’s report, including those pertaining to:

  • FinOps
  • Cost management
  • Cloud architecture
  • Usage of public, private and hybrid clouds
  • Effective tooling

Register today for the Flexera 2024 State of the Cloud Report webinar, where you’ll hear from Flexera’s Brian Adler, Senior Director of Cloud Market Strategy, Tanner Luxner, Senior Product Marketing Manager and J.R. Storment, Executive Director of the FinOps Foundation and author of Cloud FinOps. We’ll discuss how you can leverage insights from the report throughout your cloud journey—and the tools you can use to weather the storm of economic fluctuations.


JR Storment
Executive Director
FinOps Foundation

Brian Adler
Senior Director of Cloud Market Strategy

Tanner Luxner
Senior Product Marketing Manager