TECH SUPPLIER Jan 2022 - Market Presentation - Doc # AP48487822
Asia/Pacific (Excluding Japan) Foundational Cloud Services Forecast 2021-2025: The Base of the Digital-First Economy
This IDC Market Presentation provides a new perspective on the 2021‒2025 market trends and outlook for foundational infrastructure and platform cloud services. IDC expects that the foundational cloud services (FCS) market in Asia/Pacific (excluding Japan) (APEJ) will grow from US$20.1 billion in 2020 to US$80.9 billion in 2025, at a 32% compound annual growth rate (CAGR). Cloud is moving to the next level of maturity as enterprises and independent software vendors (ISVs) employ a cross-functional set of services to drive innovation in a digital-first economy. These FCS for compute, data, and app frameworks will drive competitive development in the whole cloud market.