According to a recent IDC report, the Asia/Pacific Whole Cloud spending is expected to grow at a CAGR of 17.3% and reach $329.1 billion by 2027. The IDC report, Asia/Pacific (Excluding Japan) Whole Cloud Services Forecast, 2024 –2027, presents the forecast of the Asia/Pacific Whole Cloud Market, including key drivers and inhibitors.
Asia/Pacific Whole Cloud spending grew at a year-over-year (YoY) rate of 10% in 2023, and IDC expects the market to grow at 23.4% in 2024 as cloud-related spending continues to accelerate.
“Despite last year’s economic challenges, there has been considerable demand for the cloud as it becomes the foundation for innovation and a key enabler for leveraging AI. We anticipate robust investments across hardware, software, professional, and managed services as organizations (including governments) in the region aim to scale their digital economies. A major focus will also be on cloud cost optimization with the outlook to maximize utilization of cloud resources,” says Shouvik Nag, Senior Research Analyst, Cloud Research, IDC Asia/Pacific.
Cloud technologies have facilitated large-scale and rapid innovation in the past decade. In recent years, the cloud has been used as an operating model and delivery platform. It will continue to be crucial in enabling a swift transition to the AI everywhere era, albeit in a more supporting capacity.
