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Publication date: 08 Jul 2024

Whole Cloud Market in Asia/Pacific will Hit $329.1B in 2027, IDC Forecasts


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SINGAPORE, 8 July 2024 – According to a recent IDC report, Asia/Pacific Whole Clou d Forecast, 202 4 –202 7, the Asia/Pacific Whole Cloud spending is forecasted to grow at a CAGR of 17.3% and reach $329.1 billion by 2027. Asia/Pacific Whole Cloud spending grew at a year-over-year (YoY) rate of 10% in 2023, and IDC expects the market to grow at 23.4% in 2024 as cloud-related spending continues to accelerate.

"Despite last year’s economic challenges, there has been considerable demand for the cloud as it becomes the foundation for innovation and a key enabler for leveraging AI. We anticipate robust investments across hardware, software, professional, and managed services as organizations (including governments) in the region aim to scale their digital economies. A major focus will also be on cloud cost optimization with the outlook to maximize utilization of cloud resources,” says Shouvik Nag, Senior Research Analyst, Cloud Research, IDC Asia/Pacific.

The IDC report, Asia/Pacific (Excluding Japan) Whole Cloud Services Forecast, 202 4 –202 7 (IDC #AP50970524), presents the forecast of the Asia/Pacific Whole Cloud Market, including key drivers and inhibitors.

Since the last decade, cloud technologies have enabled innovation at scale and speed. The last few years have seen a shift towards leveraging cloud as an operating model and delivery platform; it will continue to play a critical but increasingly supporting role in enabling a rapid pivot to the AI everywhere era.

For more information on this IDC Market Forecast, please contact Shouvik Nag at For media inquiries, please contact Michael de la Cruz at or Miguel Carreon at


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International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit Follow IDC on Twitter at @IDCAP and LinkedIn. Subscribe to the IDC Blog for industry news and insights.