Shift to open-source, multi-cloud
environments boosts demand for advanced management solutions, ISG
Provider Lens™ report says
Enterprises around the world are adopting advanced cloud
technologies and AI-powered platforms to address the challenges of
managing cloud-native environments, according to a new research
report published today by Information Services Group (ISG) (Nasdaq:
III), a leading global technology research and advisory firm.
The 2024 ISG Provider Lens™ global Multi Public Cloud Solutions
report finds that demand for cloud technologies has surged as
companies migrate to the cloud for scalability and flexibility
while seeking to maintain security and control. To reach new
strategic goals in changing markets, organizations are quickly
adopting cloud-native technologies within multi-cloud
environments.
“Cloud infrastructure is rapidly evolving, opening up new
possibilities but creating more complex challenges,” said Anay
Nawathe, ISG cloud delivery lead for the Americas. “This trend is
reshaping how enterprises approach digital transformations.”
A growing number of companies are embracing cloud-native
microservices architectures based on lightweight, portable
containers, seeking to accelerate application development and
manage workloads, ISG says. Using open-source technologies such as
Docker and Kubernetes, they can innovate more quickly at a lower
cost and tap into a diverse ecosystem of tools, avoiding vendor
lock-in. However, this shift can make it harder to control cloud
spending and the security and reliability of applications. To
reduce these risks, enterprises are making strategic investments in
cloud security, FinOps and observability solutions.
Multi-cloud FinOps platforms have advanced significantly in the
past year, especially with the integration of AI and ML for
real-time insights, predictive analytics and automated cost
optimization, the report says. More enterprises are seeking
comprehensive FinOps platforms that provide visibility across all
cloud environments. They require solutions that monitor and report
cloud usage and costs across all business units for accurate
accounting. AI and ML are expected to continue driving FinOps
innovation in the years to come.
Companies are increasing investments in cloud observability
platforms as complex multi-cloud environments make it harder to
monitor applications and identify data in their platforms, ISG
says. They seek vendors with AI and ML capabilities to understand
application performance and detect anomalies in cloud-native
environments. Enterprises are also adopting advanced cloud security
solutions, especially those that can rigorously scan containers for
vulnerabilities prior to deployment. GenAI-powered security
platforms are expected to strengthen protections by detecting and
mitigating threats with greater speed and precision.
“Cloud-native FinOps, observability and security offer a unified
strategy for enterprises to get the most out of multi-cloud
environments,” said Jan Erik Aase, partner and global leader, ISG
Provider Lens Research. “Leading vendors continue to improve
platforms for managing risk and complexity.”
The report also explores other trends related to multi-cloud
solutions, including the integration of FinOps with operations
optimization and the increasing importance of cloud visibility for
regulatory compliance.
For more insights into the multi-cloud challenges facing
enterprises, and ISG’s advice on overcoming them, see the ISG
Provider Lens™ Focal Points briefing here.
The 2024 ISG Provider Lens™ global Multi Public Cloud Solutions
report evaluates the capabilities of 64 providers across three
quadrants: Multicloud FinOps Platforms, Cloud-native Observability
Solutions and Cloud-native Security Platforms.
The report names Broadcom (VMware) as a Leader in all three
quadrants. It names Dynatrace and Sysdig as Leaders in two
quadrants each. Aqua Security, CrowdStrike, Datadog, Deloitte,
Elastic, Flexera, Fortinet, Grafana Labs, HCL MyXalytics, IBM
(Apptio+Turbonomic), Kyndryl, NetApp (Spot), New Relic, Orca
Security, Palo Alto Networks, Sentinel One, Splunk Observability
and Ternary are named as Leaders in one quadrant each.
In addition, CloudBolt Software and Wiz are named as Rising
Stars — companies with a “promising portfolio” and “high future
potential” by ISG’s definition — in one quadrant each.
Customized versions of the report are available from Dynatrace,
ManageEngine and Ternary.
The 2024 ISG Provider Lens™ global Multi Public Cloud Solutions
report is available to subscribers or for one-time purchase on this
webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Canada, Mexico,
Brazil, the U.K., France, Benelux, Germany, Switzerland, the
Nordics, Australia and Singapore/Malaysia, with additional markets
to be added in the future. For more information about ISG Provider
Lens research, please visit this webpage.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 900 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including AI, cloud and data analytics; sourcing advisory; managed
governance and risk services; network carrier services; strategy
and operations design; change management; market intelligence and
technology research and analysis. Founded in 2006, and based in
Stamford, Conn., ISG employs more than 1,600 digital-ready
professionals operating in more than 20 countries—a global team
known for its innovative thinking, market influence, deep industry
and technology expertise, and world-class research and analytical
capabilities based on the industry’s most comprehensive marketplace
data. For more information, visit www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241216608775/en/
Press Contacts:
Will Thoretz, ISG +1 203 517 3119 will.thoretz@isg-one.com
Julianna Sheridan, Matter Communications for ISG +1 978-518-4520
isg@matternow.com
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