HashiCorp 2024 State of Cloud Strategy Survey shows the path to cloud success requires platform engineering capabilities

Rhea-AI Summary

HashiCorp, known as The Infrastructure Cloud™ company, published its 2024 State of Cloud Strategy Survey on June 27, 2024. The survey reveals that only 8% of organizations are fully leveraging their cloud investments to achieve significant business benefits through standardized shared services. A major focus of the survey is on cloud maturity, showing that 40% of low-maturity organizations are yet to see returns on their cloud investments. Key findings indicate that highly mature cloud programs, characterized by centralized management and automation, report better productivity, stronger security, and reduced costs. Despite increased cloud spending and a shortage of skilled staff, 67% of highly mature organizations are overcoming these challenges by relying on platform teams. Additionally, 70% of all respondents, and 85% of the highly mature ones, are incorporating AI to enhance cloud infrastructure. The report is based on a Forrester Consulting survey of nearly 1,200 technology practitioners and decision-makers across various industries.

Only 8% of organizations are fully realizing the business benefits of their cloud investments with standardized shared services

SAN FRANCISCO, June 27, 2024 (GLOBE NEWSWIRE) -- 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 HashiCorp
HashiCorp 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 Contact
Kate Lehman
media@hashicorp.com

FAQ

What does the HashiCorp 2024 State of Cloud Strategy Survey reveal?

The survey reveals that only 8% of organizations are fully realizing the benefits of their cloud investments, despite increased spending and efforts to manage cloud infrastructure and security.

How many organizations are considered to have highly mature cloud programs according to the HashiCorp survey?

Only 8% of organizations qualify as having highly mature cloud programs according to the HashiCorp 2024 State of Cloud Strategy Survey.

What percentage of low-maturity organizations have not yet seen returns on their cloud investments?

40% of low-maturity organizations report they are still waiting for their cloud investments to pay off.

What benefits are highly mature cloud organizations experiencing?

Highly mature cloud organizations experience increased productivity, stronger security, and reduced cloud costs.

What is the role of platform teams in cloud maturity?

Platform teams help organizations standardize and automate cloud operations, with 67% of highly mature organizations relying on them.

What percentage of organizations are integrating AI into their cloud infrastructure?

70% of all respondents – and 85% of highly mature organizations – are using or planning to use AI to enhance cloud infrastructure.

How was the HashiCorp 2024 State of Cloud Strategy Survey conducted?

The survey was conducted by Forrester Consulting, involving nearly 1,200 technology practitioners and decision-makers from companies with over 1,000 employees across various industries.