Do you see the pendulum swinging back to on-prem?

Over the last 10 years or whatever seems like everyone and everything has been migrating to the cloud. Not just people's infrastructure but also services like cyber security stuff (think MDR), SIEMs, etc. Do you ever see a point in time when things start moving back to on premises? What would this point in time look like?

EDIT: Didn't expect this to get this much action. Thanks everyone! Everyone agrees hybrid is the answer.