Cloud has rapidly grown from being a market disruptor to a foundational technology element, fueled by the demand for greater agility and flexibility by enterprises. The global cloud market is experiencing phenomenal growth, and is poised to scale to a massive USD 1 Tn by 2028, with an enterprise adoption rate of 95%+ globally. These changes will impact both technology providers and enterprises.

Take software as an example. The global SaaS industry is projected to grow by 50%+ in the next 3 years and over 90% of Independent Software Vendors (ISVs) are either already on native SaaS or are in the process of migrating to the cloud now. These organizations recognize the opportunity of cloud, and they understand that to evolve and leverage its monetization potential, they must overcome challenges related to demonstration of ROI, security concerns, and a fundamental transformation of the operating strategy.

Enterprises also see the benefits and challenges. They see potential from low upfront costs, shifts to OpEx, scalability, and easy access to emerging tech. Yet they also experience challenges in the transition around choosing the right path.

With the cloud space witnessing incredible innovation, integrations, and interoperability at warp speed, how will technology providers and enterprises surmount the cloud challenges and become truly digital? What are the similar challenges they face and what are they doing to bridge the cloud value chasm in a post-pandemic world?