Cloud computing has become the preferred model for modernizing IT portfolios, with CIOs claiming that migrating applications to a combination of public and private clouds affords them greater business agility.

And during the pandemic the increased consumption of cloud services to boost business resiliency and transition to ecommerce models served as perhaps the best validations of the market for software provisioned over the internet.

https://www.cio.com/article/3137946/enterprise-cloud-computing-trends.html