New Delhi, 22nd August 2024: CloudKeeper, a leading provider of cloud cost optimization solutions, has been identified as a Key Vendor in the Cloud Cost Management And Optimization Solutions Landscape Report. This recognition highlights CloudKeeper’s commitment to delivering cutting-edge solutions that empower businesses to optimize their cloud spending and maximize ROI across AWS, Microsoft Azure, and Google Cloud platforms.

According to a Forrester report, “Despite an economic downturn, the annual average enterprise cloud spend has continued to grow to $35 Million which is an increase of $2 Million year over year.” It highlights increasing executive pressure for enhanced value from cloud investments. Companies are also finding it difficult to establish an organization-wide governance framework and attain cross-functional buy-in for this plan.

Organizations are placing greater emphasis on Cloud Cost Management and Optimization (CCMO) as a solution. Businesses have saved between 20% and 30% of their cloud spending, on average, just by leveraging CCMO solutions. The CCMO market has evolved significantly, with vendors now focusing heavily on automation and rightsizing resources. Forrester has identified the top use cases for these solutions to be cloud cost waste identification; cloud cost sizing/type optimization; and cloud cost commitment term optimization.

The landscape report comprehensively analyzes 32 CCMO vendors, applying rigorous selection criteria and detailed vendor differentiation. This approach assists companies in identifying the most suitable cloud cost optimization partner tailored to their specific needs. CloudKeeper has emerged as a strong contender in the report, demonstrating exceptional capabilities and expertise across various categories.

CloudKeeper combines advanced group buying strategies, tailored resource provisioning, and enhanced analytics to help organizations achieve significant cost savings while enhancing operational efficiency in the cloud. With a track record of saving 350+ global companies an average of 20% on their cloud bills, CloudKeeper continues to innovate and set benchmarks in the FinOps and Cloud Cost Optimization space.

“Happy and proud of this recognition, which underscores our drive to innovate and our commitment to delivering substantial value to our clients,” said Deepak Mittal, CEO of CloudKeeper. “Our mission is to be the go-to solution for all cloud needs, and this acknowledgment has further fueled our drive to lead the industry in cloud cost optimization and holistic cloud management solutions.”