Companies are spending more of their IT budgets on cloud infrastructure, thanks to the coronavirus pandemic. A new study by the Boston Consulting Group (BCG) indicates that companies in the Asia-Pacific (APAC) region are dedicating about 5% of their IT budgets to their cloud expenditures.
The change is obviously due to the increase in remote working needs and other challenges arising out of the stay-at-home orders due to covid-19.
The growth in IT spending in the APAC region is faster than that in the US and Western Europe, according to Rajiv Gupta, managing and senior partner at BCG. “Across the APAC region, spending on the public cloud and related services is growing at a compounded annual growth rate (CAGR) of 25%, much faster than in