According to the RightScale 2018 State of the Cloud Report, 26 percent of enterprises (defined as companies with more than 1,000 employees) spend more than $6 million a year in the public cloud. Another 26 percent said they spend between $1.2 million and $6 million a year. Twenty percent of enterprises plan to more than double their public cloud spend, and an additional 17 percent plan to increase their cloud spend 50 to 100 percent.
However, the study finds that organizations are concerned about reining in cloud costs. For the second year in a row, a majority of cloud users (58 percent) said that optimizing cloud costs is their top initiative.