Latest BCG report finds APAC leads the way in public cloud investment
This latest report by BCG finds APAC leads both the US and Western Europe in spending on public cloud, with a CAGR of 25%. In a sign that the speed of cloud adoption is set to increase, the percentage of IT budgets devoted to cloud, currently averaging at 5%, is likely to double by 2023. Further findings in the report, which looked at businesses in Asia-Pacific, indicate the reasons for investment have shifted from simple cost savings to more mature market concerns, such as the need to accelerate innovation and reduce operational risk of the kind experienced in 2020 with COVID 19. Identifying the strategic misalignments and operational gaps that hinder business growth, BCG also offers compelling new data to help businesses leverage the full potential of their cloud investment.