Asia/Pacific (Excluding Japan) Public IT Cloud Services 2014–2018 Forecast
This IDC study forecasts spending growth in APEJ for public IT cloud services through 2018, segmented by five functional categories within 14 regions/countries. Among the key findings are that public IT cloud services spending reached $3.2 billion in 2014 and is expected to total over $7.0 billion in 2018, with a compound annual growth rate (CAGR) of 21.7%. Australia accounted for 31% of IT cloud services spending in 2014, but the Australia share will drop to 26% by 2018. The China market will have outpaced Australia during 2017, reaching 28% of the total public cloud services market in 2018.
Chris Morris, associate VP, Cloud Services in APEJ, stated that "the cloud market in APEJ remains very fragmented — different countries have very different adoption and service consumption patterns — with different growth rates for different cloud categories in different countries." In 2014, software as a service (SaaS) accounts for 50% of 2014 cloud services spending, with infrastructure as a service (IaaS) accounting for 44%. Platform as a service (PaaS) and cloud storage services will be the fastest-growing categories with 2014–2018 CAGRs of 38.8% and 31.5%, respectively.Please Note: Extended description available upon request.