IDC Expects Asia/Pacific excluding Japan (APeJ) Sovereign Cloud Market to Grow 34.3% in 2024
SINGAPORE, 13 August 2024 – According to a recent IDC report titled Asia/Pacific excluding Japan (APeJ) Sovereign Cloud Forecast, 2022- 2027, the APeJ sovereign cloud market is set to surge, forecasted to grow at a CAGR of 31.5% and reach $36.7 billion by 2027. APeJ Sovereign Cloud spending grew at a year-over-year (YoY), and IDC expects the sovereign cloud market to grow at 34.3% in 2024 as organizations in the region ramp up investments in sovereign cloud solutions as part of the growing deployment of their hybrid cloud strategy.
“Sovereign clouds are increasingly becoming essential in hybrid cloud environments. Growing concerns about digital sovereignty with data privacy, security, and regulatory compliance – particularly around data privacy, security, and regulatory compliance – are driving organizations to adopt cloud capabilities and solutions to address digital sovereignty requirements,” says Daphne Chung, Research Director, Cloud Services and Software, IDC Asia/Pacific.
The IDC report, Asia/Pacific (Excluding Japan) Sovereign Cloud Spending Forecast, 2024–2027 (IDC # #AP51520024), presents the inaugural forecast of for Asia/Pacific (Excluding Japan) Sovereign Cloud Spending, including key drivers and inhibitors.
For more information on this IDC Market Forecast, please contact Daphne Chung at dchung@idc.com. For media inquiries, please contact Michael de la Cruz at mdelacruz@idc.com or Miguel Carreon at mcarreon@idc.com.
*Asia/Pacific excluding Japan
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