Frost & Sullivan’s recent analysis finds that organizations worldwide are inclined to invest in hybrid and multi-cloud information technology environments that can support users, applications, and data spread across diverse locations. IoT connected devices across the globe are expected to exceed 66 billion in 2026 at a compound annual growth rate (CAGR) of nearly 15% from 2017. Data storage in the public cloud is also gaining momentum as it offers promising benefits such as scalability, poolability, and accessibility for enterprises.
Source: https://www.helpnetsecurity.com/2021/07/14/businesses-relying-on-data/