The HashiCorp State of Cloud Strategy Survey reveals that software companies and telcos are leading the way in getting value from cloud and multi-cloud, while the public sector is lagging behind. The survey found that staffing and skills shortfalls are a universal concern across industries, but unique business-based dynamics affect cloud provider choices and budgets. Telcos and software companies are more likely to reap benefits from multi-cloud success, while the public sector struggles to realize similar benefits. Cost is a top cloud concern for telcos, software, and media companies, with security being a major issue in financial services. The survey also found that many telcos and retailers shrugged off COVID-19's impact on their cloud plans, and that infrastructure automation tools are crucial for managing multi-cloud environments. Overall, the survey suggests that industries that have been focused on digital transformation for longer are seeing more benefits from multi-cloud adoption.