(June 5): There is a cloud hovering over the Asia Pacific region (APAC). Spending on public cloud and related services is growing at 25% CAGR across APAC, outpacing growth in the mature markets of Western Europe and the US. Cloud budgets today account for approximately 5% of average IT budgets, a figure which is likely to double by 2023.

The cloud has long been championed as an avenue for efficiency savings for business. But in an era of Covid-19, virtual ways of working are as much about operational continuity as they are about operational expenditure.

In this period of radical transformation, organisations are now rushing to embrace the opportunity with enthusiasm. Transitions that have taken place over the past few weeks were previously expected to have taken up to a year on pre-Covid-19 timelines. That represents a remarkable catalyst for cloud adoption in the APAC region.

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