Why the regulator is concerned about Operational Resilience, and how it will impact you.
Cloud is shifting from being primarily an IT concern to being a matter of strategic importance for the entire business. However, the current trajectory is that the industry will continue to rely on a narrow set of cloud service providers.
The top three cloud service providers already account for 67% of the market, and they will take the lion’s share of the projected $85 billion cloud spend by 2025. This is more than double the spend seen in 2021. By the end of the decade, cloud will likely underpin every business critical service across the entire industry.