Cloud IT infrastructure spending stormed back in Q4 to secure modest yearly growth, says IDC

cloudcomputing-news.net | April 03, 2020

Total end user spending on IT infrastructure products for cloud environments recovered significantly in the most recent quarter bringing overall 2019 levels above the red line, according to IDC.Following two consecutive quarters of spending decline for server, enterprise storage and Ethernet switch for cloud, Q419 saw $19.4 billion (£x) in spending at a 12.4% year-over-year growth. Total spending for the year, at $66.8bn, saw 2.1% annual growth.IDC noted that, aside from occasional swings, the IT infrastructure industry is now at a point where spending on cloud IT infrastructure 'consistently surpasses' spending on non-cloud IT. Non-cloud IT infrastructure spend dropped 4.6% in the most recent quarter to $18.7bn, with a 4.1% decline across the year.The public cloud arena continues to drive the cloud IT infrastructure market but with only modest upswings: a 14.5% year-on-year growth for the most recent quarter but thanks to a weak middle part of the year - only a 0.1% growth overall, at $45.2bn. Private cloud grew 6.6% in 2019 to $21.6bn.When it came to specific companies, Dell Technologies was at the top of the pile for Q419, capturing 14.5% of market share. HPE and the New H3C Group saw second with 11.6% share, before a gap to Cisco and Inspur, both holding 5.9% of the market.

Spotlight

A public cloud service is provided “as a service” over the Internet and the customer’s infrastructure or applications are hosted by a cloud service provider at the cloud provider’s premises. The customer has no visibility and control over where the cloud services are being hosted. The core infrastructure is shared between many organizations, but each organization’s data & application usage is logically segregated so only authorized users are allowed access.


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CLOUD SECURITY

Cyera and Wiz Partner to Strengthen Cloud Security with Data Security Posture Management

Wiz | November 18, 2022

Cyera, the data security company, can now seamlessly integrate with Wiz to provide prioritized attack surface minimization and automated remediation based on sensitive data exposure. Cyera leverages its Data Security Graph to help security teams quickly understand the blast radius that an active security threat or vulnerability represents, and how to respond to remediate the issue. "Wiz introduced a new approach to cloud security that enables organizations to embrace the cloud while reducing risk, Partnering with other cloud-first companies that enable security teams benefits everyone as it improves the overall cloud security posture." Assaf Rappaport, CEO of Wiz Enhancing Cloud Detection and Response with Data Security Posture Cyera's data security posture management platform enables security teams to understand the data they manage, and what's at risk. By automatically and continuously identifying data stores across IaaS, PaaS and SaaS, Cyera proactively assesses internet facing exposures and access permissions, and provides detection and response capabilities to keep an organization's most precious data safe from exposure. This integration adds Cyera's deep data context to Wiz's extensive risk posture assessments. "Cyera provides enterprises with a deep understanding of the sensitive data they have, how it extends their threat surface and how to take action to remediate the risk it represents," said Yotam Segev, CEO of Cyera. "Together, our solutions will empower security teams to approach cloud security holistically, focusing on the risks that matter most." Holistic cloud data protection, at scale The new solution will enable security teams to prioritize risk remediation based on sensitive data exposure. "Security teams need to understand how sensitive data represents risk to their business," said Mike Britton, Chief Information Security Officer for Abnormal Security. "Getting your security posture right requires you to understand the difference between how an application, an IT employee, or someone in HR should be able to access and handle sensitive information, before you can effectively apply the right controls that protect your business without disrupting it." Examples of how this partnership improves cloud security with data security posture include: Adding context on the risk that publicly exposed data represents to operational resilience into detection and response workflows Identifying where improved data security controls and less permissive access to sensitive customer or employee data can improve cyber-resilience and protect against ransomware threats Correlating cloud configuration issues, critical data store vulnerabilities, and data security risk to ensure teams can respond quickly to the most material risks to their cloud environments About Cyera Cyera is the data security company that gives businesses context and control over their most valuable asset: data. As a pioneer in data security posture management, Cyera instantly provides companies visibility over all of their sensitive data, context over the risk it represents and their security exposure, and automated remediation to reduce the attack surface and ensure operational resilience. Backed by leading investors including Sequoia, Accel, and Cyberstarts, Cyera is redefining the way companies do cloud data security. About Wiz Wiz is reinventing cloud security from the inside out. Led by an experienced and visionary team, Wiz is on a mission to help organizations create secure cloud environments that accelerate their businesses. By creating a normalizing layer between cloud environments, the Wiz platform enables organizations to rapidly identify and remove critical risks.

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CLOUD STORAGE

UBS and Microsoft announce landmark expansion of cloud partnership

Microsoft | October 31, 2022

On Thursday, UBS and Microsoft Corp. announced a landmark expansion of their partnership to accelerate UBS's public cloud footprint over the next five years. Through this transformational initiative, UBS plans to have more than 50% of its applications, including critical workloads, running on Microsoft Azure, now UBS's primary cloud platform. The partnership furthers UBS's "cloud-first" strategy and the modernization of its global technology estate. Through this partnership, UBS will have access to the most comprehensive cloud platform, trusted by more than 95% of Fortune 500 companies, with a rich set of productivity and collaboration tools, enabling the firm to increase the speed at which it can deliver and improve upon its digital experiences for clients and employees. At the same time, Azure will help advance UBS's sustainability initiatives, drive operational efficiencies, and maintain its standards for compliance and security — providing strong foundations on which to scale UBS's rate of cloud adoption. "Our cloud strategy has fundamentally changed the way we operate, allowing us to reinvigorate our technology estate and reimagine how we build applications for our clients, Closely partnering and collaborating with Microsoft has and will continue to create tremendous value for our clients, our employees, the firm and our shareholders. The developments and learnings that stem from this partnership will benefit the financial services industry and beyond." Mike Dargan, UBS Group chief digital and information officer In 2018, when UBS announced its cloud strategy, leveraging its strategic partnership with Microsoft, it planned to move one-third of its applications to public cloud within four years, but accomplished this goal early in February 2021. Now, the partnership goes beyond just consuming cloud services to include the co-development of innovations and greater collaboration in areas like carbon reduction. "UBS is a forward-thinking leader in the financial services industry, and Microsoft has been fortunate to co-develop innovative applications that meet complex, regulatory requirements with their engineering teams over the past several years," said Scott Guthrie, executive vice president, Cloud + AI, Microsoft. "Our expanded partnership will continue to accelerate the organization's ambitious digital transformation plans, applying the power of the Microsoft Cloud to equip UBS with the agility and reliability to deliver for their clients." Advancing digital sustainability In line with the firm's sustainability goals, UBS continues to move certain technology platform workloads from its on-premises and private cloud servers to Azure. In some use cases, this has resulted in the energy consumption of these workloads to be reduced by up to 30% to date. Together, UBS and Microsoft also co-developed a Carbon Aware API, an open-source solution that provides recommendations on how to schedule workloads that require heavy compute power during times when clean, renewable or low-carbon sources of electricity are most available. They then provided their solution to the Green Software Foundation so it could be shared with large and small companies around the world. Enhancing client and employee experiences with artificial intelligence UBS and Microsoft are implementing and further exploring ways in which artificial intelligence and data can be used to enhance services for clients and employees. For example, in Switzerland, UBS is currently operating two applications that utilize conversational AI capabilities to respond to client e-mail inquiries. Unleashing innovation and driving greater business insights on a trusted platform To support UBS's "cloud-first" strategy and further drive innovation, Microsoft actively brought its Azure confidential computing services to Switzerland. This provided UBS with a new functionality to protect and secure data sharing internally across all of UBS's business divisions, while maintaining the bank's compliance and security standards. As a result, UBS can now develop additional business insights and uncover new opportunities for innovation for its clients and employees. In addition, UBS will leverage Microsoft Power Platform — including Power Apps and Power Automate — which will provide employees with the ability to quickly build professional-grade applications, create automated workflows and connect disparate data sources. About UBS UBS convenes the global ecosystem for investing, where people and ideas are connected and opportunities brought to life, and provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as to private clients in Switzerland. UBS offers investment solutions, products and impactful thought leadership, is the leading global wealth manager, provides large-scale and diversified asset management, focused investment banking capabilities, and personal and corporate banking services in Switzerland. The firm focuses on businesses that have a strong competitive position in their target markets, are capital efficient and have an attractive long-term structural growth or profitability outlook. UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 30% of its employees working in the Americas, 30% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 21% in Asia Pacific. UBS Group AG employs more than 72,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). About Microsoft Microsoft enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

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CLOUD SECURITY

Lightspin Democratizes Cloud Security with Launch of Free Product Tier

Lightspin | September 12, 2022

Lightspin, the #1 cloud security solution for SaaS companies of all sizes, today announced free access to its Cloud Native Application Protection Platform (CNAPP). The platform prioritizes and remediates cloud security risks in minutes powered by the industry's only Attack Path Engine. There are more than 25,000 SaaS companies, with an estimated market size of more than $272 billion. These cloud-native SaaS companies looking to secure their data and workloads in the cloud have historically had two choices: a noisy legacy solution or expensive modern software designed for the enterprise market. Lightspin is meeting SaaS market demand for a robust and comprehensive cloud security solution that covers cloud-native companies from build to runtime. Driven by strong market interest - 600% increase in sign-ups since the free trial was announced less than 9 months ago - Lightspin created a model to empower customers and allow the organization to scale as the need grows. Lightspin now offers a self-serve experience that aligns with how SaaS security and engineering leaders want to discover and procure best-in-class tools. Lightspin's transparent pricing eliminates the guessing game of the traditional software buying process. "Great cloud security products should not just be for the enterprise, We know that security buyers want to explore products, they want to get immediate value from the solutions they are considering purchasing, and importantly they want transparency in pricing. There are many tools in the market, but Lightspin offers the undisputed best value." Vladi Sandler, co-founder and CEO of Lightspin Lightspin provides immediate tangible value via its Attack Path Engine which generates contextualized cloud risks from an attacker's perspective. Efficiently built on a Neo4j graph database and powered by proprietary graph algorithms developed by experienced cloud security researchers, Lightspin's CNAPP needs no configuration or custom queries to get started. Users can be up in minutes and ready to identify the fastest path to damage that an attacker could take to breach their cloud environment. Lightspin's pricing tiers include: Free Tier Lightspin's IaC scanning engine for up to 10 repositories. Expanded daily scan access for attack surface discovery capabilities with award-winning Recon.Cloud for public exposure information or through Lightspin's IaC security tool. Premium Tier: Built to be the most accessible and robust cloud native application protection platform: CSPM, KSPM, CWPP, IaC, and more starting at only $15,000 per year. Unlimited access to the proprietary Attack Path Engine: attack path analysis, root cause analysis, and dynamic remediation. SSO is included. API support. Access to all tool integrations. Enterprise Tier: All premium tier offerings, plus increased limits. Complete runtime protection for Kubernetes clusters. Dedicated white glove technical support from cloud experts. Free self-serve access to the Lightspin platform will be available in Q4. Visit www.lightspin.io/pricing to learn more. About Lightspin Lightspin is the #1 cloud security solution for SaaS companies of all sizes. Agentless and easy to deploy, Lightspin's Cloud Native Application Protection Platform (CNAPP) efficiently prioritizes and remediates cloud security risks in minutes using the industry's only Attack Path Engine built on the graph. Supporting Amazon Web Services, Google Public Cloud, Microsoft Azure and Kubernetes, Lightspin simplifies cloud security and compliance via its self-serve offering and graph-based algorithms. Based in New York and Tel Aviv, Lightspin is backed by Dell Technologies Capital and Ibex Investors. Leading SaaS companies such as Imperva, OutSystems, PageUp and Riskified trust Lightspin to protect their data and workloads in the cloud.

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CLOUD STORAGE

Wasabi Technologies Closes $250 Million in New Funding to Usher In the Future of Cloud Storage

Wasabi Technologies | October 04, 2022

Wasabi Technologies, the hot cloud storage company, today announced it has achieved unicorn status following $250 million in new funding. Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s valuation to over $1.1 billion. Wasabi also expanded its existing debt facility with MGG Investment Group to $125 million. Barclays acted as sole placement agent on the transaction. Wasabi provides fast, affordable, and highly reliable cloud data storage for businesses all over the world at 1/5th the cost of large hyperscale providers or on-premises storage, with no charges for egress or API requests and no complex tiering. The company's revenues more than doubled from 2020-2021, and Wasabi now has more than 40,000 customers in over 100 countries, 13,000 partners, 250+ global employees and 13 storage regions across North America, Europe, and Asia Pacific. The new equity will drive expansion into additional vertical markets and geographies, enhance Wasabi’s channel partnerships, and scale the company’s go-to-market team and global brand strategies. Meanwhile, the debt will be used to finance capital equipment and infrastructure in Wasabi’s storage regions around the world, and to invest in Wasabi’s technology capabilities to lay the groundwork for a new generation of cloud storage architecture. “Closing a large up round in this environment speaks to the spectacular growth of Wasabi, the magnitude of the cloud storage opportunity, and our leadership as the industry’s largest pure-play cloud storage vendor. At Wasabi, we focus on just one thing: cloud storage. We do it better than anyone else in the industry. Because of this singular focus, our team has achieved best-in-class performance and security at the lowest prices in the industry,” David Friend, co-founder and CEO of Wasabi Technologies Kerstin Dittmar, managing partner of lead investor L2 Point, will join Wasabi’s Board of Directors. “Wasabi provides a game-changing product that offers customers a simpler, faster, and significantly more economical solution to their cloud data storage needs. We believe this capital raise will allow Wasabi to continue to expand its offering across additional services and geographies to meet their global customers’ needs,” said Dittmar. “We are proud to partner with Wasabi to provide innovative solutions in cloud storage and security,” added Sam Barnett, PhD, executive chairman of Cedar Pine. “The importance of Wasabi’s technology is increasing in every industry.” Kevin Griffin, CEO of MGG Investment Group, also commented, “We seek to partner with best-in-class entrepreneurs and companies and are excited to continue supporting Wasabi Technologies and their global expansion.” In addition to the industry-leading performance of Wasabi hot cloud storage, the company partners with over 350 technology companies, including most of the world’s leading backup, disaster recovery, and surveillance companies. Wasabi is used to store data across a wide range of industries, including professional sports, energy and natural resources, finance, surveillance, education, manufacturing, consumer technology, healthcare, scientific research, and media and entertainment. “As our data needs continue to evolve, from player analytics, IoT, digital assets and even security, this presents an enormous learning opportunity for the organization,” said Brian Shield, senior vice president and CTO of the Boston Red Sox. “Wasabi provides a cost-effective cloud-based solution that enables us to retrieve content quickly and improve the level of video analysis and production we do here at the Red Sox.” About Wasabi Technologies Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology’s fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is a privately held company based in Boston. Wasabi is a Proud Partner of the Boston Red Sox, and the Official Cloud Storage Partner of Liverpool Football Club and the Boston Bruins. About L2 Point Management L2 Point Management (“L2 Point”) is a San Francisco based investment firm providing innovative capital solutions for growth companies. With expertise across the capital structure, L2 Point works to address a common concern of late-stage companies today: the lack of an alternative cost of capital product between highly dilutive growth equity and operationally restrictive debt.

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Spotlight

A public cloud service is provided “as a service” over the Internet and the customer’s infrastructure or applications are hosted by a cloud service provider at the cloud provider’s premises. The customer has no visibility and control over where the cloud services are being hosted. The core infrastructure is shared between many organizations, but each organization’s data & application usage is logically segregated so only authorized users are allowed access.

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