Today, if you can believe it, ParkMyCloud is 5 years old. Our company anniversary is always a good opportunity to take a step back and see where we’ve been and take a look ahead.

A lot has changed in the past 5 years. In 2015, “public cloud” was practically synonymous with “AWS” – and the size of the entire IaaS market was $11 billion. In 2020, we estimate that more than that amount will be spent – and wasted – on idle resources alone, with IaaS revenue of about $50 billion. Azure and Google have become preferred options for many enterprises. While AWS still dominates, it’s at a mere 32% of the market compared with 70% in 2015. Services we use every day, like Fargate and Kubernetes, didn’t exist 5 years ago.

And yet, a lot has stayed the same. Public cloud is still growing. Cost optimization is still a concern – in fact, the top initiative for most cloud users. 

So perhaps it’s not surprising that not too much has changed from the original mission statement we set out to achieve: simplifying cloud cost reduction. In fact, this all still rings true (except, of course, expanding beyond compute): 

“We decided to take on the biggest challenge enterprises of any size face in using cloud services – controlling an ever-growing bill. But we wanted to do it in a simple, elegant, and cost-effective way, so customers could be up and running within 15 minutes, reducing their cloud computing services spending by the next day and achieving payback in less than one month.”

In pursuit of that goal, we’ve hit some exciting milestones this year – from more than $50 million saved on public cloud by our customers to being rated #1 in user satisfaction among cloud cost management platforms. We have been united with Turbonomic for a full year, and continue to onboard new customers, continually finding opportunities to optimize cloud costs through scheduling, rightsizing, and more on compute, databases, storage, and containers.

First and foremost we want to thank our amazing customers. These include a number who joined us a couple of weeks after launching and have been with us throughout. Others came aboard at different times during the last five-years and to all we are truly grateful. We have been provided with constant feedback and whenever we have reached out for support or advice on new feature development we have been provided with wonderful advice.

Of course, anyone who knows me knows we won’t linger on celebration when there’s more to look forward to. We have plenty of news coming down the pipe. We’ll continue to add optimization support for more IaaS and PaaS services across all three of the major cloud providers. We’ll have new integrations to announce to streamline our customers’ end-to-end public cloud optimization journey. And, we’re always striving to improve our user experience and make ParkMyCloud as easy to use for you and your team as possible. If you have suggestions – we’re all ears. It’s all about the ROI! 

So, happy 5th birthday, ParkMyCloud. The journey to cloud optimization continues.

About Jay Chapel

Jay Chapel is the CEO and co-founder of ParkMyCloud. After spending several years in the cloud management space, Jay saw that there was no simple solution to the problem of wasted cloud spend - which led him to start ParkMyCloud in 2015. Before that, he spent 10+ years with Micromuse and IBM Tivoli, a provider of business infrastructure management software. After an acquisition by IBM, he led the successful sales integration and subsequent growth of the IBM Tivoli/Netcool business in Europe. He also held several regional and worldwide sales roles in Switzerland, the UK and the US. Jay earned both a BA in Finance and an MBA from West Virginia. Those few hours a month that Jay’s not busy with ParkMyCloud’s growth and success, you can find him on the ski slopes, on the soccer field, or on the golf course often accompanied by his three kids.