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IDC: Public Cloud & Software Spending to Reach $222B in 2024

Sheryl_Wharff Posts: 294 QUANTEXA TEAM

According to the recent release of the IDC Worldwide Software and Public Cloud Services Spending Guide, public cloud services is projected to reach a staggering $219.3 billion by 2027, with on-prem/other investments accounting for another 30%.

The Asia/Pacific region is experiencing a double-headed IT spending boom, with public cloud services and software investments skyrocketing with a compounded annual growth (CAGR) of 14.2% by 2027 for the next 5 years. This growth defies global uncertainty threats, highlighting the region's strategic focus on digital transformation and technological innovation.
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Quantexa Christopher Jenkins shares some thoughts

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