HashiCorp 2024 State of Cloud Strategy Survey shows the path to cloud success requires platform engineering capabilities
June 27 2024 - 12:00PM
HashiCorp, Inc. (NASDAQ: HCP), The Infrastructure Cloud™ company,
today released its 2024 State of Cloud Strategy Survey. As
organizations continue building their cloud programs by adopting
lifecycle management for infrastructure and security, survey
results show that despite this momentum only 8% of organizations
qualify as having highly mature cloud programs.
“This year’s State of Cloud Strategy Survey focused on the
impact cloud maturity, defined as adopting, standardizing, and
scaling key practices across the entire organization. The results
show that the majority of organizations struggle to deliver cloud
programs resulting in positive business impact: 40% of low-maturity
organizations report they are still waiting for their cloud
investments to pay off,” said Meghan Liese, VP Product Marketing,
HashiCorp. “However, organizations who have done the right things
and achieved high cloud maturity are realizing benefits including
increased productivity, stronger security, and reduced cloud costs.
We’ve seen that the path to cloud maturity lies with platform teams
and gaining control over their cloud estate with infrastructure and
security lifecycle management.”
Key findings from the HashiCorp 2024 State of Cloud
Strategy Survey
General cloud programs: Organizations with
highly mature cloud programs have implemented cloud practices to
provide standardized shared services for infrastructure and
security lifecycle management, and 67% of highly mature
organizations deliver these services through a platform team. With
centralized management and automation they get a better return on
their cloud investments – while highly cloud mature organizations
spend more on the cloud, they also waste less of that money.
- 66% of respondents reported they increased cloud infrastructure
spending in the last year, though 91% of respondents said they
experienced at least some cloud waste.
- 64% of the highly mature respondents are experiencing a
shortage of skilled staff, but 67% of highly mature organizations
reported relying on platform teams, which help them maximize the
impact of their teams.
- 70% of all respondents – and 85% of highly mature organizations
– are using, or planning to use, AI to power cloud
infrastructure.
Infrastructure Lifecycle Management: Highly
mature cloud organizations build, deploy, and manage their critical
applications through a holistic approach across the entire
lifecycle of infrastructure management with unified workflows to
reduce risk and boost developer velocity.
- Though 95% of respondents say they have at least started the
process of establishing a platform team, only 42% currently rely on
their platform teams to fully standardize cloud operations
throughout the organization.
- High-maturity organizations are twice as likely to have
standardized on platform teams.
Security Lifecycle Management: Highly mature
cloud organizations manage the full lifecycle of security with an
identity-driven approach to inspect, protect, and connect secrets
and credentials.
- 86% of high-maturity organizations are realizing stronger
security in the cloud.
- Security is also the most commonly cited factor determining
cloud infrastructure success, due to the challenge of secret sprawl
and the need for full security lifecycle management.
Survey methodology For our fourth annual State
of Cloud Strategy Survey, we again commissioned Forrester
Consulting to track respondents’ answers to questions measuring
organizations’ cloud maturity and help refine our cloud maturity
model to focus on the impact of scaling key practices across the
entire organization. Forrester surveyed nearly 1,200 technology
practitioners and decision-makers in companies with more than 1,000
employees in a variety of industries around the world, drawn from
random samplings and the HashiCorp opt-in contact database.
Resources HashiCorp State of Cloud Strategy
Survey: https://www.hashicorp.com/state-of-the-cloud HashiCorp
Blog: HashiCorp State of Cloud Strategy Survey 2024: Cloud maturity
is elusive but valuable
About HashiCorpHashiCorp is The Infrastructure
Cloud™ company, helping organizations automate multi-cloud and
hybrid environments with Infrastructure Lifecycle Management and
Security Lifecycle Management. HashiCorp offers The Infrastructure
Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud
services, as well as self-hosted enterprise offerings and community
source-available products. The company is headquartered in San
Francisco, California. For more information, visit
hashicorp.com.
HashiCorp Media & Analyst ContactKate
Lehmanmedia@hashicorp.com
HashiCorp (NASDAQ:HCP)
Historical Stock Chart
From Jun 2024 to Jul 2024
HashiCorp (NASDAQ:HCP)
Historical Stock Chart
From Jul 2023 to Jul 2024