
Asia/Pacific Managed Cloud Services Market Forecast, 2024–2028
Description
This IDC Market Forecast reveals significant growth in the Asia/Pacific (excluding Japan) (APEJ) managed cloud services (MCS) market. It is projected to expand from US$10.8 billion in 2023 to US$22.6 billion by 2028 at a compound annual growth rate (CAGR) of 15.8%. This growth is underpinned by the increasing adoption of multicloud, hybrid cloud, and cross-cloud architectures among enterprises in the region, driven by the need for IT resilience, digital transformation, and competitive differentiation through technology. The advent and rapid adoption of GenAI has accelerated the shift to cloud-centric architectures and platforms. Managed public cloud services are expected to experience the fastest growth, with a CAGR of 22.1%, followed by managed hybrid cloud services at 16.2% CAGR and managed private cloud services at 9.0% CAGR. This trend reflects a broader shift toward cloud-based solutions to enhance enterprise IT resilience, mitigate supply chain risks, and ensure the continuous availability of critical IT systems."Multicloud and hybrid cloud architectures have become critical digital infrastructure foundations, enabling enterprises to navigate evolving digital sovereignty, privacy, and compliance requirements shaping the AI market today while continuing to derive business value and innovation from public clouds," says Pushkaraksh Shanbhag, associate director, IDC Digital Infrastructure and IT Services. "Enterprises will increasingly rely on MCS providers to ensure seamless orchestration, efficient management, and the continuous optimization of their multicloud–public cloud and hybrid IT environments. Choosing the right cloud operations management partner will be key in unlocking differentiated business outcomes from AI- and data-driven innovation," he adds.
Table of Contents
14 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
APEJ MCS Spending Forecast View
Market Context
Drivers and Inhibitors
Drivers
Increasing Revenue by Building New Revenue-Generating Products and Services Faster
Restructuring the IT Financial Footprint and Shifting from a Capex to an Opex Model
Inhibitors
Operational Efficiencies
The Immaturity of Cloud
Significant Market Developments
Changes from Prior Forecast
Market Definition
Relationship Between Traditional Outsourcing-Managed Services and MCS
Primary Markets of MCS
Secondary Markets of MCS
Extraction Markets
Methodology
Related Research
Pricing
Currency Rates
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