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PUBLISHER: IDC | PRODUCT CODE: 1389559

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PUBLISHER: IDC | PRODUCT CODE: 1389559

Worldwide Sovereign Cloud Market Forecast, 2022-2027

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PAGES: 11 Pages
DELIVERY TIME: 1-2 business days
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This IDC Market Forecast provides the worldwide sovereign cloud market forecast for 2023 to 2027. It represents IDC's inaugural forecast for this market and uses 2022 as the baseline year. While the need to comply with industry regulations has traditionally driven demand for sovereign solutions, this document highlights that all industries, not just those in regulated sectors, now consider digital sovereignty to be a more significant business and technology concern. "Much of the spending we expect to see in this market over the forecast period will be on solutions for data sovereignty," said Rahiel Nasir, IDC's lead analyst for Worldwide Digital Sovereignty and associate research director for European Cloud. "That comes as no surprise as we believe this is where the journey toward sovereign cloud starts. But as overall cloud usage continues to expand, organizations will seek more wide-ranging offerings for sovereignty that include solutions for technical and operational sovereignty. We therefore expect to also see relatively stable growth in these areas over the next few years."

Product Code: US49695922

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Increasing Data Legislation
    • Expanding Cloud Usage
      • Inhibitors
    • High Costs
    • High Complexity
    • Decrease in Expected Spending on IaaS and PaaS
  • Significant Market Developments
    • Public Cloud Providers Develop and Launch Sovereign Cloud Solutions
    • New Industry Regulations
    • Ongoing Geopolitical Uncertainties
  • Changes from Prior Forecast

Market Definition

Methodology

  • Historical and Forecast Market Values and Exchange Rates

Related Research

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