IDC: Asia-Pacific Public Cloud to Hit $131B by 2029, Driven by [...]


IDC: Asia-Pacific Public Cloud to Hit $131B by 2029, Driven by AI Growth


IDC: Asia-Pacific Public Cloud to Hit $131B by 2029, Driven by AI Growth

📅 - The Asia-Pacific public cloud market is entering a new phase of expansion that could see spending more than double by the end of the decade. According to the International Data Corporation's (IDC) latest Worldwide Software and Public Cloud Services Spending Guide, the region's public cloud market is projected to grow from $53 billion in 2024 to $131 billion by 2029.

This acceleration, driven by artificial intelligence, digital transformation, and IT infrastructure modernization, represents a compound annual growth rate of 19.8% over the five-year period.

The surge reflects a broad shift across industries to adopt Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and [...][... Check source for end of article ...]
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