Cloud forms a critical part of the digital transformation efforts of enterprises worldwide. Cloud infrastructure, platforms, and applications extend the benefits of flexibility, scale, and cost to IT and business teams. Yet, year after year, we find that organizations report managing costs in the public cloud as a major challenge. Consequently, interest in understanding cloud economics has grown exponentially in the past 2 to 3 years. In 2021, cloud cost optimization topped the list of services that enterprises contracted third-party providers to address. Cloud cost optimization services providers help companies manage cloud costs on an ongoing basis, essentially operationalizing cost optimization. This study takes a closer look at the global cloud economics market, the landscape of vendors that help enterprises optimize cloud costs, and these players’ competitive differentiation. In a field of more than 20 global industry participants, Frost & Sullivan independently plotted the top 8 companies in this Frost Radar™ analysis of the global cloud economics market, positioning them on two vectors: innovation and growth.
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