Jamin Ball Profile picture
Partner at Altimeter Capital // Investing predominantly in software businesses from Series B through IPO. Dad to 3 beautiful little girls. No investment advice

Jan 12, 8 tweets

Some takeaways from Morgan Stanley's Q4 CIO survey

- Software has the highest growth expectations in IT
- Strong demand in software persisting (not simply pull forward in 2021)
- Cloud computing remains CIO's top priorities
- Security software most defensible

More graphs below

"Survey data suggests 25% of application workloads are running in the public cloud today, up from 23%... in 2Q21. The multi-year trend in the migration of applications to the cloud remains intact, with CIOs expecting 44% of workloads to reside in public cloud by 2024"

Similar data but presented differently. We're in the early innings of the cloud

Cloud computing, security software, and digital transformation are the top 3 priorities

Security software remains the most defensible category

"As workloads continue to shift from on-premise to the cloud, Microsoft and Amazon remain the largest beneficiaries , both in 2021, as well as over the next three years"

"Snowflake screens as the vendor with the highest weighted average growth expectations in 2022 at +7.1%...30% of CIOs surveyed expecting spend to increase in 2022, vs. 0% of CIOs expecting spend to decrease."

Microsoft has the highest up-to-down ratio of 70%

Maybe most importantly:

"Expectations for software spending growth in 2022 remain ahead of historical levels, refuting the notion of a pull forward in demand in CY21"

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling