In a recent report, the International Data Corporation (IDC) has projected substantial expansion in the Public Cloud Services (PCS) market across the Asia/Pacific excluding Japan and China (APeJC) region. According to the findings, the PCS market is set to achieve a significant milestone, with an estimated value of $39.4 billion in 2023. This marks a remarkable year-on-year growth of 21.3%. The market is poised for continued expansion, with IDC forecasting a noteworthy upswing to $83.1 billion by 2027, exhibiting a compelling five-year Compound Annual Growth Rate (CAGR) of 20.6%.
The year 2022 witnessed impressive strides, with the market reaching $32.5 billion and showcasing a remarkable year-on-year growth of 25.3%. Among the segments, Software as a Service (SaaS) emerged as the…
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