APeJ Public Cloud Services Spending Forecast to Reach $15 Billion in 2018, IDC Reports

SINGAPORE, February 15th, 2018 – Asia Pacific excluding Japan (APeJ) spending on public cloud services and infrastructure is forecast to reach $15.08 billion in 2018, an increase of 35.66% over 2017, according to the latest update of the IDC Worldwide Semiannual Public Cloud Services Spending Guide . Although annual spending growth is expected to slow over the 2016-2021 forecast period, the market is expected to hit a five-year compound annual growth rate (CAGR) of 32.58% in public cloud services spending, or a total of $32.27 billion in 2021.