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HashiCorp 2023 State of Cloud Strategy Survey Shows Cloud Maturity Drives Operational Efficiency

Written by Customer Service on . Posted in Public Companies.

Survey highlights the benefits of reaching cloud maturity, including retaining talent, cost savings, security posture, and operational efficiency

SAN FRANCISCO, June 12, 2023 (GLOBE NEWSWIRE) — HashiCorp, Inc. (NASDAQ: HCP), a leading provider of multi-cloud infrastructure automation software, today released its 2023 State of Cloud Strategy Survey, showing positive business outcomes for organizations that demonstrate high maturity in adopting, standardizing, and scaling their multi-cloud adoption.

This year’s survey, commissioned by HashiCorp and once again performed by Forrester Consulting, focuses on operational cloud maturity, defined by the adoption of a combination of technological and organizational best practices at scale. Results highlighted that high-maturity organizations benefit most in the areas of security, governance, reliability, and cost. Organizations also reported their most common multi-cloud barrier was a shortage of cloud skills, indicating that attracting, nurturing, and retaining engineering talent remains an industry-wide challenge.

Key findings include:

  • 56% of respondents boosted cloud spending in the last year: Despite an uncertain macroeconomic environment, over half of respondents continue to increase investment in cloud spending. Nearly all report opportunities to optimize that spend, and over half of mature organizations say their multi-cloud strategy is actually helping them save money.
  • 92% of high cloud maturity organizations say multi-cloud is working: 73% of overall respondents say multi-cloud is helping them reach business goals, and an additional 19% say they expect it to in the next year.
  • Skills shortages ranked as the top multi-cloud barrier: Respondents of all maturity levels noted that the lack of skilled cloud talent is the most common issue, hindering companies’ ability to operationalize multi-cloud. Mature organizations have a key advantage, however, with 74% saying their multi-cloud strategy helps them attract, motivate, and retain talent.
  • Security ranked as the top multi-cloud benefit: Among respondents, security is ranked as the top factor in multi-cloud success and the most common benefit from a multi-cloud strategy. While multi-cloud clearly can create security challenges, working in multiple cloud environments can also help organizations keep their security professionals engaged, and be a forcing function toward more intentional oversight of their security operations.
  • 92% of respondents are adopting (17%), standardizing (36%), or scaling (39%) platform teams: For the companies with the most mature cloud operations, 69% are scaling their use of platform teams throughout the organization, compared to just 14% of low-maturity organizations. Platform teams are clearly becoming an essential component of the enterprise cloud-adoption journey.

“This year’s State of Cloud Strategy Survey showed meaningful differences between high-maturity organizations further in their cloud journeys and low-maturity organizations that have yet to standardize,” said Armon Dadgar, co-founder and CTO, HashiCorp. “While low-maturity organizations face difficulties in staffing, security, and costs, high-maturity organizations are able to use their multi-cloud approach to attract and retain talent, implement platform teams, save money, and improve security. The data confirm that as organizations progress along their cloud adoption journey, they realize important benefits that improve both technical and business outcomes.”

Survey methodology
For our third annual State of Cloud Strategy Survey, we commissioned Forrester Consulting to track respondents’ answers to questions measuring the degree of practice implementation within five core areas of cloud technology and operations, as well as questions about their cloud usage, spending and waste, security concerns, benefits gained, barriers, and automation tools. Forrester surveyed nearly 1,000 technology practitioners and decision-makers in a variety of industries around the world, drawn from random samplings as well as the HashiCorp opt-in contact database.

Resources
HashiCorp State of Cloud Strategy Survey
Forrester Consulting study: Operational Maturity Maximizes Multicloud
HashiCorp Blog: HashiCorp State of Cloud Strategy Survey 2023: Maturity drives operational efficiency

About HashiCorp
HashiCorp is a leader in multi-cloud infrastructure automation software. The HashiCorp software suite enables organizations to adopt consistent workflows and create a system of record for automating the cloud: infrastructure provisioning, security, networking, and application deployment. HashiCorp’s portfolio of products includes Vagrant™, Packer™, Terraform®, Vault™, Consul®, Nomad™, Boundary, and Waypoint™. HashiCorp offers products as open source, enterprise, and as managed cloud services. The company is headquartered in San Francisco, though most of HashiCorp employees work remotely, strategically distributed around the globe. For more information, visit hashicorp.com or follow HashiCorp on Twitter @HashiCorp.

All product and company names are trademarks or registered trademarks of their respective holders.

HashiCorp Media & Analyst Contact
Kate Lehman
media@hashicorp.com

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