I'm sure some businesses are considering moving back to on-prem, but for many, I suspect the cost to find onboard, and pay the SMEs to keep those systems running well enough to not fail due to one reason or another isn't as appetizing to them as the ability to offload that work, along with the legal responsibility.
When something goes wrong, pointing the finger at someone else is far easier for most than pointing it at yourself.
When something goes wrong, pointing the finger at someone else is far easier for most than pointing it at yourself.