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Asia/Pacific (Excluding Japan) Sovereign Cloud Spending Forecast, 2024–2027

Publisher IDC
Published Jul 29, 2024
Length 11 Pages
SKU # IDC19039329

Description

Asia/Pacific (Excluding Japan) Sovereign Cloud Spending Forecast, 2024–2027


This IDC Market Forecast provides the Asia/Pacific (excluding Japan) (APEJ) sovereign cloud market forecast for 2023 to 2027 based on the Worldwide Sovereign Cloud Market Forecast, 2022–2027 (IDC #US49695922, November 2023). It uses 2022 as the baseline year. Sovereign cloud spending is forecast to rise over the next few years, but customers face key challenges to successfully implement solutions. APEJ is witnessing a significant increase in investment toward sovereign cloud solutions, which is driven by the need for digital sovereignty, cybersecurity, and regulatory compliance."Sovereign clouds are increasingly becoming a key component of organizations' hybrid cloud environment, and growing concerns about digital sovereignty with data privacy, security, and regulatory compliance are coming ever more so to the forefront, driving organizations to seek out cloud capabilities and solutions to address digital sovereignty requirements," says Daphne Chung, Research Director, Cloud Services and Software, IDC Asia/Pacific. "Organizations need to review and update their digital sovereignty strategies to embrace sovereign cloud and carve out their journey from regulatory compliance to innovation and operational resilience," she adds.

Please Note: Extended description available upon request.

Table of Contents

11 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

Drivers and Inhibitors

Drivers

Increasing Regulations, Legislation, and Compliance Requirements

Expansion of Cloud Use and Data in the Cloud

Inhibitors

Cost

Complexity

Significant Market Developments

Changes from Prior Forecast

MARKET DEFINITION

Methodology

Historical and Forecast Market Values and Exchange Rates

Related Research

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