target audience: TECH BUYER Publication date: Sep 2023 - Document type: IDC Perspective - Doc Document number: # US51208323
Private Cloud Is Still the First Choice for Many Banks Worldwide: Results from IDC's 2023 Worldwide Industry CloudPath Survey
This IDC Perspective reviews the findings of IDC's April 2023 Worldwide Industry CloudPath Survey specifically for the banking industry.
"Private cloud remains a popular choice, predominantly for large institutions, especially for workload and data that are deemed sensitive or critical to the bank's operations," says Jerry Silva, vice president, IDC Financial Insights. "Many of the factors that are often used against public cloud have been addressed by the cloud providers, enabling the expanded appeal of public cloud."