Whole Cloud Market in Asia/Pacific will Hit $329.1B in 2027, IDC Forecasts

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For more information, contact:

• Miguel Carreon  Email: mcarreon@idc.com
• Michael De La Cruz  Email: mdelacruz@idc.com
• Shouvik Nag  Email: snag@idc.com

SINGAPORE, 8 July 2024 – According to a recent IDC report, Asia/Pacific Whole Clou d Forecast, 202 4 –202 7, the Asia/Pacific Whole Cloud spending is forecasted to grow at a CAGR of 17.3% and reach $329.1 billion by 2027. 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.

The IDC report, Asia/Pacific (Excluding Japan) Whole Cloud Services Forecast, 202 4 –202 7 (IDC #AP50970524), presents the forecast of the Asia/Pacific Whole Cloud Market, including key drivers and inhibitors.

Since the last decade, cloud technologies have enabled innovation at scale and speed. The last few years have seen a shift towards leveraging cloud as an operating model and delivery platform; it will continue to play a critical but increasingly supporting role in enabling a rapid pivot to the AI everywhere era.

For more information on this IDC Market Forecast, please contact Shouvik Nag at snag@idc.com. For media inquiries, please contact Michael de la Cruz at mdelacruz@idc.com or Miguel Carreon at mcarreon@idc.com.

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